Page 2 - Debt Proposal News Today

a string of delays the house narrowly passed speaker john boehners version of a debt reduction bill. >> i stuck my neck out a mile to try this. to get an agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try this. to come to an agreement to avert us being where we are. a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and...

That may be the end of the day if the commission cant come up with a debt proposal that makes sense. one more point on gingrich, the politics of this as a candidate, what else did he say during our interview sunday, the number one challenge he has as a candidate is maintaining discipline in the course of the campaign to stay on message and not do the kinds of things that have gotten him into trouble when hes been a quote-unquote analyst, here he is within two days apologized to a key number of t...

Eventually, because thats the way negotiations are. you have to compromise, especially with something like this where john boehner on the other hand is saying we are going to cut spending, and he gave the marker and exactly what he means for the first time tonight, but he also said its irresponsible not to increase the debt ceiling. he made clear to the people on wall street as he had here in washington as he had across the country, congress is not going to let the united states default. but the...

Political analyst gloria borger, dana bash, senior white house correspondent ed henry and from new york anchor of "your bottom line," christine romans. weve got a framework. hes talking of cutting $12 trillion over -- cutting $4 trillion in the next 12 years. what will he go into? >> hell go into the specifics. his aides are getting ready. theyre going to be spelling it out in much greater detail in the coming hours. there will be a lot of specifics and a lot of contrast between what the republi...

Seemed to dig in instead of give in. >> this is fairy dust. >> they blasted the debt proposal and vowed unless republicans give in on the tax rates, president obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned ...

Thats a scrooge christmas. >> we although about a scrooge christmas over here. house majority whip kevin mccarthy is out with his own campaign style video featuring a small business owner who will see his taxes spike if the obama plan passes. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. our company has figured out how to survive in this economy and how to be successful in this economy. the first thing well want to...

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Have today is not workable but short-term the people will not admit were bankrupt or on the verge of a major major change in our society. but they will destroy the dollar were reinforced to change our system of financing. it could be big. not quite as bad as the soviet system but changes are to come. true bankruptcy means we cannot maintain the empire around the rolled and entitlements $220 trillion so we need to face reality. dont expect solutions to come on january 1st. they will have a dr. de...

Preparing for what happens if the august 2nd deadline comes and goes with no deal for the country to borrow more money. welcome to "america live" everyone. im alisyn camerota in for megyn kelly. just last night house leaders pulled the plug on a vote for john boehners debt proposal. right now a revamped bill is making its way around congress with the possibility of a vote sometime this afternoon. president obama is now pushing for a deal, warning the u.s. is almost out of time. he also had this ...

Going to get up over that just on interest payments alone. so doesnt that in and of itself mean that it is time to do some structural underpinning that might be benefited by a shorter term deal that allows us to get through this hump and revisit very soon? >> with well, senator reids plan and outside economists have said this would get us through to 2013, and thats the criteria the presidents looking for. hes open to compromise. weve already gone halfway or more than halfway to the republicans i...