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responsible as it relates to a.i. >> following up on the question about erdogan and president bidens -- >> neil: were monitoring the press conference going on at the white house. we thought we would get more details on the debt negotiations. not looking so sure right now as at least eight republicans bolt from the speaker right now saying this deal doesnt go far enough. welcome. im neil cavuto. lets get to it right now. chad pergram is monitoring this rules committee that has been meet...

"The Colorado Option hearing process did something that is nearly unprecedented in health care in the U.S. - the Colorado Option actually bent the cost curve and reduced health care costs, and in turn brought down premiums." Michael Conway Colorado Insurance Commissioner

Nancy pelosi said -- . >> the president does plan on cutting $2.7 trillion in spending over ten years. $1.9 trillion of that will come out of mandatory spending like medicaid and medicare. russell vought insists that its not going to be cut to medicare and medicare. its savings. he says there will be a new work component for people using federal services. listen here. >> hes not cutting medicare in this budget. what were doing is putting forward reforms that lower drug prices. because medicare p...

By not making changes to medicare and social security. >> reporter: two quick questions. one, to go, if the deficit is such a problem, why not at least cut the rate of increase to defense budget? secondly, he has said promises kept, but were cutting medicare. how does that keep his promise? >> hes not cutting medicare in this budget. what we are doing is putting forward reforms that lower drug prices. because medicare pays a very large share of drug prices in this country. having the impact of f...

The white house director was asked about it. >> he is not cutting medicare in this budget. we were putting forward reforms that cut drug prices and it has the impact of finding savings. medicaid spending will go up every year by healthy margins. >> just to pull back the curtain a little bit, were fact checking that because there is a lot of voodoo math that went into creating this budget. he said he would balance the budget in the court of eight years. it calls for taking 15 years to balance the...

It is the presidents annual budget proposaproposal. you know, bed time reading for the folks in d.c., a mere 244 pages. for you, i have broken it down to three. page one, the all important deficit. it goes down in 2014 to $744 billion. page two, taxes. the president wants more from the wealthy for that deficit shrinkage and to start up national pre-k. page three, something new, potentially irksome to the presidents own supporters, possible savings coming out of social security and medicare. jess...

In ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest deductions? >> ultimately for republicans the best thing is to get some bipartisan agreement on cutting entitlements. they are disadvantaged on that issue right now. but entitlements are where the money is. you have to look at medicare and medicaid in terms of finding savings. it doesnt get meaningful...

Medicare to get the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime youre talking about a deficit, theres two ways to bring it down, and i know you know this well. youre either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what im concerned about is what the real agenda is and the real agenda, in my opinion, is to end medicar...

Also deliver your mail hopefully. >> sure. interesting enough, the u.s. postal service lost $3.3 billion in the last reporting quarter which ended on december 31st which is the christmas mailing season which should have been a time when they made a lot of money. and the board of governors of the post office say that this thing passed by the senate doesnt cut it up. they want to close a bunch of offices and they say there is not enough mail in the system anymore because people are sending e-mail....

2011. they have to come up with billions to make it neutral. the way they do that is being discussed. thats what negotiations are about. some include assets and raising fees and not taxes. in addition, negotiators want to relieve cuts in military problems by finding savings elsewhere. the deal could be announced as early as this week or early next week. keep in mind they are not back until monday and congress leaves for the holidays next friday. that of loose a few days to get a deal through bot...