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Ceiling increase, with ted's or without ted's support. >> one more big story out of this. does this mean the budget wars are over, or are we in at least a cease-fire, and who won? well, for someone that was criticized fairly -- and fairly so for being a bad negotiator in 2011 and 2012, the president stuck to his guns. he stood firm and forced the scenario, making it more difficult for the republicans to use the debt ceiling as a political weapon. republicans can declare victory by pointing out that the debt ceiling is falling, projected to be $514 billion, down from a high of $1.4 trillion in ...

Representatives keep their majority and that the senate republicans are poised to perhaps take over that chamber. and that is the way to look at this through a political lens. one of those groups you mentioned said they wanted to go on offense. that is probably a sure fire way to upset the 2014 midterm apple cart and turn that over and perhaps give democrats the boost that they were looking for. but there is a silver lining for all republicans in this. almost kind of a long term victory for them. you look at the overall federal deficit, $514 billion down from $1.4 trillion in 2009. that means ...

6 million instead of 7 million initially projected. the white house is touting the cbo's finding the deficit will fall to $514 billion this year. reassuring news to economists. the president's top economist was asked if this projected reduction in the workforce is a net drag on the economy. he wouldn't commit to an answer. he and other white house officials are emphasizing what they feel are positives that the report doesn't include, there would be more productivity, more job mobility and they think more people will strike out on their own as entrepreneurs. let's bring in our senior white ho...

That particular development the cbo identified or projected. if you take all of that into account, it reinforces what the cbo report says, which is aca is benefiting our economy. it's providing access to health insurance to millions of people who didn't have it and is giving families across the country and individuals across the country the freedom and choice and opportunity that they lacked before it passed. i don't feel strongly about this at all. >> following up briefly on that, i want to talk about budget deficits. the next couple of years they are going to drop $514 billion was the estima...

Together in response to inflated rhetoric about our federal deficit. >> dana: that reads like a greg gutfeld sentence. >> eric: let me show what a fiscal cliff really looks like. bush tax cut expire, $150 billion. payroll expire , $125 billion. tax patch, $88 billion. billion. $145 billion in other taxes. $514 billion of new taxes will hit you american families. by the way, every single year going forward. >> dana: what do you get for it? >> bob: $17 trillion in debt, right? who is next? >> andrea: so a lot of environmental tree-hugging freaks gripe about hydrofracking. we talk about this on "...