confused things when they thought they were on track in a way it get a deal. again, no deal ever close they say. >> kelly, let me interrupt you here. we will go to the president of the united states. >> i wanted to give you an update on the current situation around the debt ceiling. i just got a call about half hour ago, from speaker boehner, who indicated he was going to be walking away from the negotiations we have been engaged in here at the white house for a big deficit reduction and debt reduction package. and i thought it would be useful for me to just give you some insight into where we were and why i think that we should have moved forward with a big deal. essentially what was offered to speaker boehner was over a billion cuts in discretionary spending both domestic and defense.