Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose tonight we begin with news from the white house, president obama held the last press conference of his first term this morning. Most focus was on the battle over the nations debt limit. The president warned in his opening are remarks that the failure to raise the debt sealing would threaten the u. S. Economy. So we got to pay our bills. And republicans in congress have two choices here. They can act responsibly and pay americas bills, or they can act irresponsibly and put america through another economic crisis. But they will not collect a ransom in exchange for not crashing the american economy. The Financial Wellbeing of the American People is not leveraged to be used. The full faith and credit of the United States of america is not a bargaining chip. And they better choose quickly because time is running short. Rose other topics included the ongoing debate on gun control, and th
Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose tonight we begin with news from the white house, president obama held the last press conference of his first term this morning. Most focus was on the battle over the nations debt limit. The president warned in his opening are remarks that the failure to raise the debt sealing would threaten the u. S. Economy. So we got to pay our bills. And republicans in congress have two choices here. They can act responsibly and pay americas bills, or they can act irresponsibly and put america through another economic crisis. But they will not collect a ransom in exchange for not crashing the american economy. The Financial Wellbeing of the American People is not leveraged to be used. The full faith and credit of the United States of america is not a bargaining chip. And they better choose quickly because time is running short. Rose other topics included the ongoing debate on gun control, and th
Rose welcome to the program. Tonight president obamas final press conference of his first term and an assessment by al hunt of bloomberg and majogarrett of cbs news. Due its a total fraud, shouldnt ext. Pele fm al grespan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. Its a political device. So on that hes right. And on the substance, right now i think that obama, he may not have articulated as well as he could v but i think he is clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, hes willing to go pretty far for a democrat on entitlements. I think the president is laying out some rather tough negotiating territory or maybe nonnegotiating territory ght now to see where republicans in congress are willing to do, and if they will budge a little bit. Right now it seems like we are both testing whether each side intend toth budge. Weve been through that process many times here in the obama presidenc
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