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Cut that's going to greatly drive up the federal budget deficit. the federal government's going to borrow over a trillion dollars this year. we've been through a 20-year period where there's been an endless appetite for government bonds and the government can run whatever deficit it wants it doesn't seem to drive interest rates up. if we're at a point where we're running this deficit we're at the peak of the economic cycle where there's already strong demand out there for capital. that means the government could pay higher interest rates on its borrowings in the future. that will drive up inte...

>> reporter: i 2007 trump sued the author of this boo "trump nation: the art of being the donald," that trump was not actually a billionaire. in a sworn deposition, he was repeatedly caught by lawyers having made past statements that were either exaggerated or dem strably false. >> on and on and on, issue after issue. and i was fortunate to have a great legal team that simply let him walk into that trap. he had said x publicly and then we presented him with documents that were contrary to that. >> the story of how much he was paid for a 2005 speech. >> true i read in new york you got $1 millio...

The amount trump had claimed. under only trump was asked, have you ever not been truthful about your net worth? his response was non-committal. it fluctuates and goes up and down with markets and attitudes and feelings. even my own feelings. but i try. it didn't stop there. in fact, "the washington post" found donald trump either lied, exaggerated or told falsehoods a full 30 times. on the subject of the number of people working for him. >> how many people work for you? >> 22,000 or so, different businesses, over 22,000. >> reporter: in court the lawyer asked are all those people on your payro...

President's rocky relationship with the truth. in 2007 trump sued the author of this book, trump nation, the art of being the donald for writing that trump was not actually a billionaire. but in a sworn deposition, he was repeatedly caught by lawyers having made past statements that were either exaggerated or false. 30 times according to the book's author tim o'brien who spoke with cnn's brian stelter. >> and i was fortunate to have a great legal team that simply let him walk into that trap. he said ex-publicly and we prevented him. >> reporter: there's the story how much he was paid for a spe...

Borrowings this debate basic which is all about that. we have another window if bonds were open today but they are not. >> tyler mathisen, thank you. we're following developing news in arizona, protesters frustrated with the record number of deportations and threatening a repeat of friday, when activists chained themselves to buses to stop undocumented immigrants from being deported. as we await the meeting between the president and vice president and congressional leaders over the latest fiscal standoff, i'm going to talk to senator whitehouse and a a historian who wrote a book about the shut...