Super Commission News Today

could affect all of us, including our own mail delivery. im wolf blitzer, youre in "the situation room." jtsdzer. it all begins in iowa. right now many of the republican presidential candidates are in that state, a state that holds the lead-off contest in 2012. theyre working the crowds at the state fair before tomorrows pivotal iowa straw poll. and theyre taking direct aim at president obamas handling of the debt crisis and the u.s. economy. listen to some of the republican hopefuls...

of congress packed up and went on vacation. so now 4,000 faa workers are not being paid. tens of thousands of others involved in airport construction and maintenance are also off t job. and some $25 million are being lost every day in taxes because there is no one there to collect. that is more revenue lost in one hour than you will probably pay in your lifetime because congress members cannot reach an agreement agreement. weill tear into this developing dispute in just a moment, but h...

President bidens commission. >> looking at people who might be on the commission i want to turn to rich for just a second. it seems to me we are picking people deeply entrenched in their point of view. it is just as likely these people will disagree and not be able to come to terms as is the entire congress and senate. do you agree? >> gerri do you hear me? >> yes, i can. >> what we are hearing on the commission paul ryan said on fox news sunday this morning he is not looking for too much out of...

>> all right, i just want to be clear -- the president would veto a plan if it does not extend the debt ceiling into 2013? >> yes. the president believes that we must get this uncertainty, in order to help the american economy and help the american people, we must get this uncertainty out of the system, but at the same time, hes insisting, and senator reid put a plan forward on a super committee of the senate and the house that will deal in a very short period with the deficit. so, we could see ...

Clear -- the president would veto a plan if it does not extend the debt ceiling into 2013? >> yes. the president believes that we must get this uncertainty, in order to help the american economy and help the american people, we must get this uncertainty out of the system, but at the same time, hes insisting, and senator reid put a plan forward on a super committee of the senate and the house that will deal in a very short period with the deficit. so, we could see serious deficit reform. senator ...

Toization would be. >> so look, particularly if the boehnor plan and the reid plan are that close together in terms of how they might really hit working families, how(ase we going to bring this thing to an end, when youre looking at it, are we going to get one of these plans adopted, or is this the president invoking this plan z, this constitutional 14th amendment right to do it. is that the only way were going to avoid the catastrophic case you suggested? >> i dont think the 14th amendment will...

Been in step with john boehner. now, apparently, eric cantor, the house majority leader who many people thought was at odds with john boehner from time to time during these discussions, he also told republicans yesterday to stop grumbling and whining and rally around this bill. i mean, i guess their whole point here is they believe this is the last chance to hold the presidents feet to the fire because if they pass this thing in the house, it then goes to the senate. its going to be amended but ...