Spending Structure News Today

evening here in the nations capital. just to underline the peril facing the united states economy, and the american people, democratic officials familiar with the presidents speech expect him to say the country right now is, quote, in imminent threat of default. with only about one week left for democrats and republicans to agree on a deal to raise the debt ceiling. in a speech earlier today, the president alluded to the bitter political grid lock between both sides. >> are we a nation...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling americas national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nations debt ceiling. failure to do so could downgrade americas debt rating and could be extremely damaging for global economy purposes. lets get all the angles. weve just learned the president will be addressing the natio...

Lets listen. >> i believe that the plan is full of gimmicks. were not making any real changes in the spending structure of our government, and it doesnt deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> the republicans-- >> theyre not touching that either. putting it to the side now. >> how can he say that, then? >> they have forgotten the number one rule of hostagetaking. when the other sides gives into your demands you let the hostage go. i d...

>> i believe that the plan is full of gimmicks. were not making any real changes in the spending structure of our government, and it doesnt deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> the republicans-- >> theyre not touching that either. putting it to the side now. >> how can he say that, then? >> they have forgotten the number one rule of hostagetaking. when the other sides gives into your demands you let the hostage go. i dont think the...

Full of gimmicks, we are not making any real changes in the spending structure of our government. and it doesnt deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> what theyre trying to do is force us to have the same debate. exact same subject a few months from now. republicans short-term plan is a nonstarter in the senate and in the white house. >> shepard: so, with the talks breaking down and the possibility that it could become the only chief...

Washington is still at a stand still. >> i believe that the plan is full of gimmicks, we are not making any real changes in the spending structure of our government. and it doesnt deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> what theyre trying to do is force us to have the same debate. exact same subject a few months from now. republicans short-term plan is a nonstarter in the senate and in the white house. >> shepard: so, with the talks b...

Speaker boehner when asked about the reid plan earlier. lets listen. >> i believe that the plan is full of gimmicks. were not making any real changes in the spending structure of our government, and it doesnt deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> the republicans-- >> theyre not touching that either. putting it to the side now. >> how can he say that, then? >> they have forgotten the number one rule of hostagetaking. when the other s...