And hurled the same insults that we have heard throughout the standoff. President obama accused republicans of debriding a ransom for doing their jobs. He did so released eight times and compare the republicans to deadbeats the anarsonists by claiming repeated the once olfaction and of the republican majority in the house is holding the entire economy hostage. The president says republicans are trying to cause another recession. And members of congress dont get to demand ransom in exchange for doing their jobs. To the very basic jobs is passing a budget and to make sure america pays its bills they also dont get to say unless you give me what the voters rejected in the last election i will cause a recession. That is not how works no american president would do with a foreign leader like this. Where was the loyal opposition . House speaker Standing Firm he will not bring a clean government funding bill or a debt ceiling height to the floor without negotiation. He noted as well a phone call between himself and president obama earlier today had not gone well. End henry has the report. I apologize you have to go through this stuff every three months. I am tired of it, lord knows apologizing to the American People into the camera over nonsense the president for the first time offered republicans of playing out of the standoff to declare he will set for negotiations over the federal budget as well as health care if the speaker will pass legislation reopening the government to extend the debt ceiling for a few months or weeks. I said i will talk about anything i suggest the speaker will be so lets stop the excuse is a and take a vote and end the shut down right now to put people back to work. One hour later he says the nations needs to pay its bills but suggested a phone call earlier when a badly of the day. He said if there is Unconditional Surrender by republicans he will sit down and talk to us. That is not the way our government works. We cannot raise the debt ceiling without doing something about what drives us to borrow more money to live beyond our means. The idea we should continue to spend money we dont have and give the bill to your kids and grandkids would be rob. That insistence on attaching spending cuts was rejected again by the president who warned of dire consequences of the world market. I am not budging when it comes to the full faith and credit of the United States and it has to be dealt with. Republicans stepped up their attacks. This president is not beating his way or the highway he says i will not negotiate or change. That is not leadership. The president offered a car to retrieve message saying he is ready to talk even as he continued to slam republicans as hostage takers and extortionist wang pledge of likely to get them to rush to the negotiating table. If they want to talk i am ready to head up to the hill and try. I will spring for dinner but not intel a and tell the extreme partisan Republican Party stop forcing john boehner to issue threats about our economy. We cannot make extortion and routine. And he says he does not have any flaws. The people understand i have flaws michelle will tell you. One of them is not that i am not unduly to compromise. Yet he said he would compromise to potentially support a new deficit panel on capitol hill it against the cover although a short time after the conference the white house issued a veto threat explaining the republican approach would only be spending cuts for the panel does not deal with tax revenue. Lou breaking news we are learning that president obama will nominate Federal Reserve vice chair janet yellen to replace ben rnanke as chairman of the Federal Reserve. Again janet yellen will be nominated to replace ben bernanke at any events at the white house tomorrow afternoon her nomination as a widely expected following Larry Summers was all. The second week of the Obamacare Health exchange begins like the first. The main Health Care Web site is too slow, too many errors and on top of that there is a new report showing the Obama White House made a lot of errors as well as promising the cost of health care would go down over the next decade. Jim nagel has our report. President obama made many promises about his Signature Health care plan but one of the simplest was in insurance he was lower spending to save every family thousands of dollars. Comprehensive Health Care Reform to do what i pledge to do with the candidates to save the typical family an average of 2,500 on their Health Care Costs in the coming years. But government actuaries found obamacare will increase Health Care Spending by 621 billion over 10 years. Now receive the official scorekeepers that it is the link up. They made it very clear the Health Care Law did not been the cost curve down but there will be increases is of National Health spending associate with the implementation of the Health Care Law. There is no mystery that is the way the law was structured. Were adding more people and insisting that those who have insurance have more generous coverage so of course they spend more than the premiums go up. As supporters say two factors will help to hold down cost. There will be a lot of plants people can choose from so there will be competition. Taxpayer subsidies will lower the cost for some. Very significant subsidies provided to people to help them pay for premium even Cathy Sebelius talked about the price increases many people are facing. That will end up in difficult times to spend money they would not have spent. Yes. To buy health care if they did not have it. Yes there are people who will pay money and many will pay less than their cable bill or cell phone bill. Better ways band is 621 million increase does not mean to say that is 25 per year. Divided across the population of americans will see a higher bill per capita from the Health Care Law not will were. Spending but to insure the uninsured is where it is some sacrifice is savings it appears well on have been. Shutdown murder shutdown the Supreme Court opened wi with the case of a Campaign Contributions on how much individuals can contribute for federal office to the candidates. We have the report. Ordinary americans are shut out of the process back we visited the controversy that sparked a showdown in his 2010 address causing Samuel Toledo to shake his head and say not true he referred to his characterization about Political Campaign but the Supreme Court tackled part to a that this morning looking at the constitutionality of limits on individuals who contribute to candidates as well as control of the national party. Limits the president wants to see the justices uphold. Theyre not a lot of democracy is at work this way to have millionaires and billionaires bankrolling whoever they want or however they want. And alabama businessman who says he is baffled tiki and daudet across the country but once they had a specific dollar limit he cannot spend another die meeting he cannot give to all the candidates he would like to support. Chief Justice Roberts questions how that squares with the First Amendment you cannot have a rule that says the poster the New York Times can only endorse nine candidates. Othersncluding ginsberg conducted the anticorruption argument mack that by having these limits you are promoting democratic purchase a patient and. And not the super affluent as those to control the election. Opponents argue they will live in you gets to speak hand how. Not only that people can do that but not in the most transparent way possible. The president said he believes they are partially responsible for the breakdown in washington saying mack some ideological extremists to have the big bankroll can skew the politics. Lou thank you. We will have much more on the debate over Campaign Finance talking to the chairman of the federal election commission. Stay with us. The president declaims the entire federal government is being held hostage be he refuses to negotiate with republicans. The congressman on the ransom demand. Next. Lou critics call out the obama and a station for allowing a massive rally today for a comprehensive Immigration Reform taking place on the National Even though it is supposed to be closed because of the government shut down. Openair spaces like the world war ii merrick memorial have been barricaded since last week but the National ParkService Allowed the rally to take place because they said it is a First Amendment activity. Democrats like House Minority leader nancy pelosi and senator bob melendez attended the rally that was sponsored by obama supporters organized labor. My next guest shows the rhetoric of fear saying the risk of default this falls and they absolutely will not vote to raise the debt ceiling without spending cuts. Joining us now is a member of the house intelligence and energy and commerce committee. Good to have you here. What is your reaction to the opening of the National Mall to the president s sponsors and a rally for comprehensive Immigration Reform while he barricades National Parks and everything he can to carry out the campaign of paid for ordinary citizens . I went to the world war ii veterans representative memorial last we cant we were not welcome to wine understand the enormity it is reminiscent of the irs when the president has one set of tough rules for one group and another set for groups he does not treat highly about. It is troubling but it is the way he has behaved. Lou one way is to insult republicans forcefully e and repeated the. Speaker boehner says this will and one way, through negotiation. Is that your judgment as well . All we have been asking is to have a conversation with the president to engage in a thoughtful discussion how to prevent defaults i am talking 20 years from now about whether there is a statutory cap but to be out of money. That is what the House Republicans are talking about. We dont want to move to where the debt ceiling is hit by keeping open but we have to reform the pieces of spending of the Affordable Care act for the years ahead of us. They have been guilty you and i want to say again there is no prospect of a default of the u. S. Government unless president obama loses his mind and decides to send this country into default. There is no possible consequence. Would you agree . Complete the. Secretary lew talks about october 70 being a magic date but it is not. I was in a business before i came here. They make decisions how to prioritize the there is plenty of cash flow and if the president chooses not to do that it would be a terrible mistake for by the cooler heads would prevail so the risk of october having a cataclysmic event is just zero. Lou in getting tired of the of the Food Research their elevator when a treasury secretary would attach a specific date in it in to make it will lead to defaults and it is bizarre in the American People deserve better because both parties have talked about default as if it were a foregone consequence of the october 17 date and i am glad to hear you disavowal all that nonsense and i hope your colleagues will follow your lead. Turning to fox news for 58 percent said they would vote against raising the debt limit only 37 percent but the president s poll numbers remained under water a new fox poll says 62 percent say the debt limit should be raised only of spending cuts are put in place at the same time. You appear to have strong public support. Is that a fair interpretation . If we get is. I wain kansas over 40 hours over the recant. That was the commonsense view. We cannot raise the debt limit or the credit card limit and the Affordable Care act is a part of that as the entitlement that will break the bank so whether it is a piece or other part you cannot raise the debt ceiling without fundamental reform and the conversation that will take place over the next few weeks and days. Lou and the speaker says he will have that conversation. The stocks fall sharply lower following the rhetoric this afternoon. The dow down and the nasdaq fell 76. The wilshire 5,000 measure in the losses at 275 billion. Up next eight days of a partial shutdown to revive one of the least effective and one of the original ideas. Well take up the idea of a super committee. Super committee. Yes another, stay with us. The American Dream is of a better future, a confident retirement. Those dreams, theres just no way were going to let them die. Like they helped millions of others. By listening. Planning. Working one on one. Thats what Ameriprise Financial does. Thats what they can do with you. Thats how ameriprise puts more within reach. Lou all right tonight for the chalk talk, imagine you are a republican congressional leader, you cant get the government up and running, you cant get anybody to talk with you negotiate with you your job Approval Rating fallen to 11 , one point above worse rating in congress history, the Republican Party is pro piecing a new proposing a new supercomm it to address all that is befallen them. Looking at supercommittees, september 2011, first supercommittee kicked off its first meeting, official name, joint select commito deficit reduction. Do you love that. Almost guaranteed a win with a big fancy name like that, they had two months to come up on a agreement, they called it a supercommittee, it failed. Congress has a short memory, if one at all, they love to talk bipartisan, as they try to wind their way out of messes they create. They love bipartisan powwows. In january of this year, the senate formed the gangf 8. Isnt that impressive . A gang of 8. Capitol hills newest power clicclique. They managed to have their Immigration Reform package pass in june but dead on arrival in the house, despite a supercommittee, gang of 8, bipartisan device. Of it not just a language latest failure legislative failure it was a political failure for gang of 8 marco rubio. Were not done with congressional failures, things were going so swimmingly in senate, january of this year the house created its own immigration gang of 8 in june of this year. It became however, the gang of 7. These things happen to supercommittees ans and gangs, t sent it was the gang of 5. Now, it is the gang of 0. Gone nowhere, it will go nowhere, notice trend . Wait, lawmakers s this time will be different. Well maybe all we have to do is name this the lets go wit a couple names here. See if they make sense, magnificent outstanding marvelous, candyrock mountain sensational, outstanding super duper, super calla frank liftic committee, does that sound like they should putting it there. Bound to succeed with a name like that. Or maybe it will just lead back to this. Which is what it has done every wore instant. A big zero. Stay with us, were coming right back. President obama spent a billion dollars to get reelected. Supreme court is hearing a case that could make Unlimited Campaign money available to the next president ial candidates, we take it up in dobbs forum next. Bny mellon combines Investment Management investment servicing, giving us uniq insights which help us attract the industrys brightest minds who create powerful strategies for a countrys investments which are used to build new schools to build more bright minds. Invested in the world. Bny mellon. Customer erin swenson ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Lou federal government officials issuing a Public Health warning over a salmonella outbreak that sickened people in 18 states, linked to raw chicken from three facilities that are operated by california poultry producer much abou foster farm,r there is no recall, most of chicken was sold in california, oregon and washington. Campaign contributions taking center stage in Supreme Courts first major Campaign Finance case since 2010 Citizens United decision, numbers us now former chairman of federal elections commission, and partner at pot pat and boggs, don m mcgan. This case it about letting wealthy people contribute more money, don, how do you think this court will rule . I think the court will probably strike the limit that is at issue. Im not convinced they are going big as some suggestion. Throw out all limits. Remember the limit that is at issue is a belt and suspenders limit designed to cap overall ability to give to certain candidates, if you do the math it is result in a ban with respect to making contributions to a number of candidates, or a small donation to a number of candidates, either way, i think that cou