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Much which would not get the country through next year. carny said a short-term extension could cause the credit rating to be downgrade causing harm to the economy and causing americans to pay more for credit card rates and more more car and home loans. speaker boehner's spokesman said the president probably doesn't want to hold debates on the spending cuts in the middle of the campaign season. >> and wendall. there is disagreement about the august 2nd deadline and tonight, it sounds like more urgeency about the deadline. >> not only that deadline, harris, but the markets and there is a push n...

Our country to do tan be message to the country that congress is willing to cut it own budget. tsaic -- fantastic things like now, on to the debt negotiation. this in the future. >> reporter: so the space it still appears this gang of shuttle atlantis will be here at six plan is the most likely the kennedy space center. scenario to address the crisis, the endeavor will be out in los it would cut $3.7 trillion in angeles, the intrepid in new spending, erase a trillion dollars in the revenue but not york and the discovery at the by cutting income taxes or smithsonian's museum out at corporate ta...

Talks chaired by biden and raising the debt ceiling that much which would not get the country through next year. carny said a short-term extension could cause the credit rating to be downgrade causing harm to the economy and causing americans to pay more for credit card rates and more more car and home loans. speaker boehner's spokesman said the president probably doesn't want to hold debates on the spending cuts in the middle of the campaign season. >> and wendall. there is disagreement about the august 2nd deadline and tonight, it sounds like more urgeency about the deadline. >> not only tha...

Latest updates on this topic from reliable sources.