about what is in this deal. >> that is right. we are told it is $39 billion in spending cuts. that is the final lineup what they're going to cut from the federal budget. but also we have been reporting extensively on the fact that one of last big holdups was the fact that republicans wanted to cut what is known as title ten funding, funding like planned parenthood. that is not in this bill. this is not in this spending bill, however, what senate democrats agreed to was a separate vote on that issue and at some point, probably next week, to at least allow that to be heard. that is not in the spending bill, to cut money for planned parenthood. one of the other so-called policy riders the republicans was pushing was the idea of cutting funding for the president's health care a lot. that was a nonstarter for democrats. they are allowing that to be voted on next week along with this big spending matter back. >> we have two minutes until president's speech and then harry reid will be speaking after that. we'll bring you that live. as we wait for president obama to speak, they are going to vote next week on a separate measure regarding title ten. this is still going to be the same issue of whether or not there will be funding for planned parenthood in 2011? >> i believe so. i believe that will be the issue but the fact that senate democrats are allowing that about to go want makes it at least to me, i haven't gotten the specifically, but i can give you my informed opinion that they do not think that will pass. they are allowing a vote for it but they simply don't think that will pass because we have heard from many senate republicans, actually i shouldn't say many, a few republicans but enough that they don't like that idea that they simply don't think that is enough to pass. they will allow people want this out there to have their voices heard, though it's on the record. but that will not be a part of the bigger package. if the votes are there, it won't be the law of the land to cut the spending. >> and the stopgap measure, that would expire, you say, on thursday night? so there would be a new budget on friday? >> that's right. the reason why they're doing the stopgap measure tonight as you just heard, the house speaker announced formally, is they need time to write this deal that they have to keep the government running for the rest of the year. that is not going to happen in the next hour. that is why they're doing this until thursday to give themselves time. >> again, we anticipate president obama approaching the podium which you see, the white house press corps obviously has the symbol there. let's watch president obama. >> good evening. behind me, through the window, you can see the washington monument. visited each year by hundreds of thousands around the world. people who travel here come to learn about our history, to be inspired by the example of our democracy. a place where citizens of different backgrounds and beliefs can still come together as one nation. tomorrow, i am pleased to announce the washington monument as well as the entire federal government will be open for business. that is because today, americans of different police came together again. in the final hours before the government would have been forced to shut down, leaders in both parties reached an agreement that will allow the small businesses to get the loans they need, the families to get the mortgages they applied for, and hundreds of thousands of americans to show up at work and take home their paychecks on time, including the brave men and women in uniform. this agreement between democrats and republicans on behalf of all americans is on a budget that invests in our future while making the largest annual spending cut in our history. like any worthwhile compromise, both sides had to make tough decisions. and give ground on issues that were important to them. and i certainly did that. some of the cuts we agreed to will be painful. programs people rely on will be cut back. needed infrastructure projects will be delayed. i would not have made these cuts in better circumstances but beginning to live within our means is the only way to protect those investments that will help america compete for new jobs. investments in our kids' education and student loans. clean energy and lifesaving medical research. we protected the investments we need to win the future. at the same time, we also made sure that at the end of the day, this was a debate about spending cuts. not social issues like women's health and the protection of our air and water. these are important issues that deserve discussion, just not during a debate about the budget. i want to thank john boehner at and harry reid for their leadership and their dedication during this process. a few months ago, i was able to sign a tax cut for american families because both parties worked through their differences and found common ground. now the same cooperation will make possible the biggest annual spending cut in history. and it is my sincere hope that we can continue to come together as we face the many difficult challenges that lie ahead for creating jobs and growing our economy, to educating our children and reducing our deficit. that is what the american people expect us to do. that is why they sent us here. a few days ago i received a letter from a mother and colorado. over the year, her son's eighth grade class said that money and worked on projects so that next week they could take a class trip to washington, d.c. they even have an appointment to lay a wreath on the tomb of the unknown soldier. the mother wrote that for the last few days, the kids in her son's class have been worried and upset that they might have to cancel their trip because of the shut down. she asked those of us to get past our petty grievances and make things right. she said remember, the future of this country is not for us. it is for our children. today, we acted on behalf of our children's future. and next week, when 50 8th graders from colorado arrived in the capital, i hope they get a chance to look up at the washington monument and feel the sense of pride and possibility that defines america. the land of many that has always found a way to move forward as one. thank you. >> president obama speaking from the white house. and two minutes we expect to hear from the senate majority leader harry reid. we're joined by cnn's dan lothian, john king, and david gergen on capitol hill. david gergen, the president sort of playing the role of mediator in chief, if you will pair can he continue to do that in this next budget battle to come? >> that is a very good question. i think there are two the questions coming out of this. one of them is what john king has been raising and that is will the trust deficit between the white house and members of congress within congress and democrats and republicans, will that be reduced or grow as a result of these classes. the question after the president gave gracious speech, as he enters the fight for 2012, will he come forward with a plan which is as audacious as the one that the republican has put forward about tackling entitlements and moving from the fight over billions of dollars to the new fights over trillions of dollars. >> is that something the white house plans to do, come forward with a plan of their own? >> it is unclear at this point. certainly, we have seen what happened in this particular case where the white house had been essentially taking a hands-off approach and letting lawmakers on the hill essentially duke this out and then when it came down to the final few days and the last hours and the president rolled up his sleeves and got his hands dirty. we expect that perhaps the white house will use a different tone in the next round. i can't say what the president. >> i have to jump in car close listen to harry reid. >> just a few minutes ago, this is a statement. we have agreed to an historic amount of cuts for the remainder of this fiscal year as well as a short-term bridge that will give us time to get agreement from both houses and the president. we will cut $78.5 billion below the budget proposal and we have reached an agreement on a policy riders. in the meantime, we will pass a short-term resolution to keep the government running through thursday. that short-term bridge will cut the first $2 billion dollars of the total savings. mr. president, i first of all want to express my appreciation to the speaker and his office. has been a grueling process. we didn't do it at this late hour for drama. we did it because it has been hard to write at this point. i also want to express my appreciation to my counterpart. we have talked on a number of occasions, and as we say here, on many occasions, it has turned out to be a terrific relationship. we do our best to protect each caucus, we have our battles here. but it is a pleasure to work with you and i admire and appreciate this work for the people of kentucky and the country. mr. president, it has been a long process. it has not been an easy process. both sides had to make tough choices. but tough choice is what this job is all about. i think it is important to note, mr. president, as we said in this statement, this is historic what we have done. $78.5 billion below the 2011 budget that we have been working off of. we have worked on many writers, what we have done has been difficult but important for the country. we all agree that there are many cuts that have to take place in the future. we understand that. we must get this country's fiscal house in order. but if the american people have to make tough choices and they are doing it every day, so should their leaders. that is our responsibility. all 100 of us. 435 members of the house. the speaker and i have reached an agreement that i have read. we will cut spending to keep the country running. we have agreed to an historic level of cuts for the remainder of this fiscal year as well as a short-term bridge will give us time. to get agreement from both houses and to the president. i repeat, we will cut $78.5 billion and we have reached an agreement, for the second time on the policy riders. i do that because that has not been easy. and in the meantime, we will pass a short-term resolution to keep the government running through friday. that bridge will cut the first $2 billion of the total savings that we have our talked about. mr. president, with the permission of the republican leader, asked you to proceed that will read the substitute amendment, a continuing resolution at the desk, agreeing to the bill to be amended a third time and the senate proceed to vote on passage of the bill as amended and the motion be considered laid on the table with all the above concurring with no intervening action or debate. >> is there an objection? >> mr. president. >> the republican leader. >> let me thank my friend for their outstanding work during this difficult negotiation. we had an opportunity tonight to decide whether we wanted to repeat history or make history. had we chosen to repeat history, we would have allowed the government shut down. instead, we decided to make history. by implementing in the middle of this fiscal year as the majority leader has indicated, substantial reductions in spending. now these reductions, mr. president, are in the billions. once we get through, by the end of next week, we will be moving on to a much larger discussion about how we save trillions. by enacting hopefully on a bipartisan basis, a budget that genuinely begins to get on top of this problem, and the problem as we all know is $14 trillion in debt and over $53 trillion in unfunded liabilities. the president has asked us to raise the debt ceiling. and senate republicans and house republicans, and i hope many democrats as well are going to say, mr. president, in order to raise the debt ceiling, we need to do something significant about the debt. my definition as significant, the american people view it as significant and foreign countries view it as significant, so for tonight, again, i congratulate the majority leader and the speaker. this is an important first step. but just the beginning of what we need to do to get our house, our fiscal house in order. >> the republican leader is right, we have a lot of work to do. the one thing i want to mention is how much i appreciate the support of the american people. of course, they knew we needed to get this done. but also the business community of our country. i had a conversation earlier with the president of the chamber of commerce. it was so important we complete this. organizations all over america understand how important this is. i want to mention one more person. always an unsung hero, that's the chairman of the appropriations committee. he has been with his staff, tireless staff, working so hard. i applaud his person, charlie hoye, who has a fantastic knowledge of what goes on in this country as it relates to money. he came to the senate in 1983, been here all these years working in the appropriations committee. i'm not going to go through all the staff, but it is important to mention that my chief of staff has worked so very, very hard. and i want to mention one other person. i never met him until we started this, what we've been through, and that's -- i hope i don't get him in trouble, but that's john boehner's chief of staff, barry jackson. he's a real professional. it's been very difficult to work through all this stuff. but i admire his professionalism. of course, the white house staff has been indispensable. i would hope we could have a consent agreement approved at this time. >> is there objection? without objection, so ordered. is there further debate on the bill as amended? if not, all those in favor of the bill as amended, say aye. aye. all those on posed say no. >> no. >> the ayes appear to have it. the ayes do have it. the bill is amended as passed. >> there you see the senate voting to have a stop-gap budget for the next -- up until next thursday at which point they will have voted on the budget all the way through 2011. you just saw the senate, still has to be voted on in the house, so it's not a done deal yet. we're going to continue to follow it. stay with us. we have a lot more ahead as lawmakers rush that stop-gap bill through the house. more on what it means. then president obama will sign it. what happens next after the break. we'll talk to david gergen, paul begala, and susan mallanari. we'll be right back. 100 crisps. ♪ 100 ways to enjoy pringles. ♪ ♪ and they're the same price as the leading bag chips. 100 crisps... 100 ways. ♪ everything pops with pringles. 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[ female announcer ] positively radiant. and try skin brightening daily scrub, only from aveeno. discover the power of active naturals. tomorrow, i'm pleased to announce that the washington monument, as well as the entire federal government will be open for business. that's because today, americans with different beliefs came together again. in the final hours before our government would have been forced to shut down, leaders in both parties reached an agreement that will allow our small businesses to get the loans they need, our families to get the mortgages they applied for, and hundreds of thousands of americans to show up at work and take home their paychecks on time. including our brave men and women in uniform. >> that was president obama about 20 or so minutes ago, hailing the deal reached a short time ago to avert a government shutdown. the house expected to pass it before midnight. a gop whip noticed just going out telling members to stay close, because they're going to have to vote. let's bring back paul begala, former republican congresswoman susan malanara, john king, david gergen and dana bash. john, you see this as a sign of how much 2010 changed things? >> priceless. absolutely priceless. let's start with harry reid. i want to thank tom donahue, the president of the chamber of commerce. that's the guy that fought the democrats on health care. now he's harry reid's best friend. that was a priceless moment in american politics. what the president said was even more significant. that is a speech you could study between now and the next election. yes, the president is a democrat and he said this deal protects investments. but what else did he say? remember, i'm the guy who at the end of the year cut your taxes. i'm the guy who right here is signing off on historic spending cuts. talked about a president staking out the middle of american politics and he says, a bunch of schools are coming here next week and they weren't sure they can see everything. where are they from. do you think he picked colorado for any other reason than because it's one of the most critical swing states. >> you're so cynical, john. >> he is trying to position himself as the grownup in the middle. >> paul begala, is that how you saw it, as well? >> yeah, the president is always at his best when he can bring both sides together. they did move a long way, both sides. the continuing resolution that they're about to pass in seven days cuts $78.5 billion from the budget that the president asked for just a few months ago. that's a long way for the president to come, a long way for the democrats to come. and it contains zero of these riders that tried to make social policy in the budget. the first cut the republicans had at this in hr-1 had 500 riders. it limited the ability of the epa to regulate certain kinds of air pollution. it limited the ability of consumer agencies to protect consumers and for democrats, it could have defunded obama care and planned parenthood, but zero riders will be in this. it's a huge concession made by the republicans. i know david is mad at these guys. i'm not. this i