Prospecf Default News Today

See something tornado from some of these thunderstorms. another big concern is that we could see damaging wind up to 75 miles an hour. its important to know the difference, a tornado watch means stay alert, a tornado warning means there has been some rotation with some of these thunderstorms and we have a tornado warning in effect along the north carolina-virginia border. martha: top republican senator van paul is accusing the obama administration of trying to scare americans to think the u.s. w...

Street. well see the dow drop 100 points. but we are not going into default september 17 midnight, period. martha: when would we. they are saying if you dont raise the debt limit, they are saying there would come a point where you wouldnt able to make those payment. >> eventually you do go into default but thats way down the road. that $200 billion just more october pays your debt service, it also pays social security. it can be met in the 0 month of october. martha: its like when you use assets...

George w. bushs debt ceiling request because they wanted to prevents him from passing what was then known as the bush tax cuts. so this is a natural time to have both parties negotiating. thats why the presidents position not to negotiation is indefensible. there is one thing both side agree on. default would be devastating. so lets take it off the table. the president gets enough revenue into the federal treasury to pay our interest payment. which is why you had republicans after the 2011 debt ...

But it does leave the treasury discretion on that. this does feel like a perfect opportunity to have a discussion about spending. do you think the president will ultimately be willing to do that? >> if thats true why did ronald reagan say there was the prospect of defail if they didnt raise the debt ceiling. >> ronald reagan negotiated, kirsten. >> he said if you dont raise the debt kreeling there is a prospect opossible -- a prospecf default. thats a fact. martha: i think to negotiate a deal th...

We bring in $250 billion in tax every month. our interest payment is $20 billion. we have legislation called the full faith and credit act and it tells the president you must pay the debt. so this is a game. martha: kirsten, whats the big deal. >> well read something from ronald reagan. he says the full consequences of the default by the default by the united states or prospect of default are impossible to predict and awesome to contemplate. he had to rely on democrats at the time. i dont know w...

We agree default is disruptive and should not be on the table. the debt problems are much more long term. these are structural problems with our entitlements and other spending programs thats driving our debt and deficit. those will take some time to hammer out which is why in 2011 you saw the two side try to do a grand bargain. the president won, he got his way on the fiscal cliff and sequestration. john boehner has said if we are going to solve this problem lets get both people at the table ta...

Its hard to keep track of whats going on. yesterday john boehner said that we were basically head for a default if we dont reach a deal on the government shutdown. so you have john boehner saying we are heading for default and rand paul saying the president is fear mongering. martha: after president reagan said that they came to an agreement after negotiation by both side. we have seen a long history of negotiating over these debt ceiling issues so each side gets some of what they want to straig...

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.