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Not going to do you buy the argument thats the place where the republicans can make ground if there is any to be made up on this? >> just as a political matter, frankly, the debt is a much more serious matter. we have had government shutdowns repeatedly over the decades, and it hasnt brought the economy or the financial system to a halt. we have never defaulted in our debt, and that would be regarded by the world more seriously. having said that, people dont like raising the debt limit. were 16,...

Thats why we moved to a secluded house in the middle of the wilderness. just the right coverage at just the right price. coverage checker from progressive. >> trace: this is "studio b." and a fox urgent now. president obama is set to make a statement just moments from now on the budget battle that threatens to shut down the government. keep in mind, if youre just joining us, the senate refunded obamacare and sent this bill back to the house. its very unlikely the house is going to send a clean b...

Public does with obamacare and then see how much members of congress like that. and so they are waiting to figure out -- they want to meet with their members tomorrow around lunchtime here, the house members, and once the house leadership has the meeting with the rank-and-file, theyll go forward with the plan, and the clock is running. theres not a whole lot of time before we run up against october 1st. >> trace: its a double deadline. but a lot of people think that this budget deal, shutting do...

This cr that comes back from the house. now, the senate has said, the democrats in charge have said theyre not going to put up with that. the problem is youre up against a deadline of tuesday, and if on sunday the house sends back something with some stipulations, the senate then has to deal with it, either strip it and send it back. were in a game of ping-pong between the senate and house, and it has tedline. >> trace: some called it,, a gae of poker, and a game of poker between the senate and ...

The kenyan troops and soldiers. investigators are trying to piece together what happened. theyre saying it will take a lot of time, several more days at the minimum. but the picture is a very chaotic scene and concern about how effective and responsible the kenyan soldiers and troops that were in there were being. a lot of concerns and questions being answered right now about, maybe they were a bit too aggressive trying to get rid of the fighters from the al-shabab. but who knows. looks like a w...

Stand by. mike emanuel is on capitol hill. what do you believe the process will be. the president is eight minutes late. what do we expect to happen with this bill starting right now? >> trace, ive had candid conversations with a number of memberses throughout the course of the day, and they say, look, this is a funding bill that harry reid cut back even further. so now youre talking about funding the government from october 1st through mid-november. six weeks or so, so they say considering a sh...

With house republicans, saying dont do it. dont push me. im not going to move forward. that said, you have a anxious house republican caucus that is not really following what house speaker john boehner wants to do, and theyre anxious to push the limits, and i expect this to go right up to the wire this time, and also on the debt ceiling in just two weeks. >> trace: and quickly, we have a minute left in the show. do you expect the congress will kick this back to the senate and this impasse will c...

Party but provided the alcohol, the police say forks their entire party. >> which is why its not going to be hard to convict him of burglary. at least burglary in the second going, and in new york, he could go to prison for up to 15 years. in reality, will he get the book thrown at him? probably not. but this kid could be going to jail for sure. >> trace: do we have the picture of the kids who fessed. >> people were texting the address and stuff, and it was like a normal house party. we didnt kn...

For this week. >> trace: does it show you, quickly -- clearly the president should be coming up -- does it show you when you see the 2 hour marathon that ted cruz did the other night, and does it show you that there is -- standby. heres the president. >> before i discuss the situation in congress, let me say a few things about two important opportunities in our foreign policy. just now i spoke on the phone with president rouhani of the republic of iran. we discussed or efforts to reach an agreem...

Boehner goes forward, maybe a month from now we look back and say, seems like the speaker of the house doesnt have his members in the order eat like to have them in? >> sure. it does say that. it also says the growing consensus that the consecutive conservatives are having more sway, not only in the house but obviously in the senate with senator cruz and senator lee. were coming up on 2014, a big swing. so these moments are key moments for both parties. the president is comfortable in this envir...