Live Breaking News & Updates on Big deficit reduction deal

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:01:00

Reduction agreement without those tax hikes. the white house had this response: both parties have made real progress thus far and to back off now will not only fail to solve our fiscal challenge it will confirm the cynicism people have about politics in washington. charles hurt, columnist for the washington times, joins me now. good to see you, charles, good morning. goods to be with you, jamie. jamie: how much of a role do politics play for the white house in this, in actually proposing a deal, that maybe wasn t as realistic, as what speaker boehner is now saying he wants to push for? i think, jamie, you put your finger right on it. you know, this was all about the white house really wanting to sort of step up to the plate, and to get credit for doing some really, really tough work that seemed pretty much impossible. you know, all of the focus has been on the fact that republicans refuse to accept

People , White-house , Tax-hikes , Parties , Progress , Response , Challenge , Cynicism , Jamie-colby , Jamie , Plus-washington-dc , Politics

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:22:00

Deadline is looming? over handcuffs to hide them in well it still seems they are the past but raises a terrific pretty far apart, after a phone issue. one other note, too, as you call between speaker boehner and probably know, our mayor who president obama, who is at camp has again talked out of both sides of his mouth was putting david was there last night, came the press release from the perp walk down. boehner s office, saying he now eric: we have to end favors a smaller deal, a package e. that does not include tax hikes and they were still on the table according to republicans, from the administration s point of view. it also takes away some of the entitlements, that were being talked about en a big-ticket item, that big package, that includes, of course, social security, medicare, and medicaid. and according to senator mcconnell, there is still some questions about how you get to even smaller scaled-back deals of $2.5 trillion, in debt reduction. and, that is what they ll have to work on tonight at the white house. jamie: when you look at the jobs numbers, from friday, we were talking about it with charlie hurt as well, i m sure senator mcconnell, it is in the

President-obama , Tragedy , John-boehner , Issue , Sides , Last-night , Deadline , Phone-call , Mayor , Office , Press-release , Camp-david

Detailed text transcripts for TV channel - FOXNEWS - 20110710:15:00:00

They won t lift spending. so how will it play out in the debt talk this evening? senior white house foreign affairs correspondent wendell goler live at the white house for us today on sunday. we appreciate it, wendell. what is the very latest? reporter: no one expected a deal tonight, but house speaker john boehner s letter last night saying that the white house and congress should give up the push for up to $4 trillion in deficit reduction is a set-back. the president s logic was the bigger deal, the grand deal would make it easier for democrats to go along with spending cuts. and easier for republicans to go along with tax increases. the white house chief of staff bill daley told abc this week the deficit was run up by president and congresss from both parties. obviously, no one wants to default. we shouldn t even be close to this situation. but a as a result of congress republican, democratic, democratic presidents, republican presidents who committed a country to certain

Us , Reporter , Debt , White-house , Wendell-goler , Today-on-sunday , Lift-spending , No-one , Senior , Foreign-affairs , One , President-obama

Detailed text transcripts for TV channel - FOXNEWS - 20110710:15:01:00

Bills. they ve got to pay them off. this president is committed to bringing economic soundness to this country and that takes a big deal. reporter: aides say at least at the start of this evening s session president obama will push for that big deficit reduction deal. but speaker boehner suggests it won t go far. jamie: when vice president biden sat everyone down and they came to a proposal for a smaller deal, why didn t he come up with the bigger grander deal when he had everyone at the table if it s really realistic? reporter: republicans walked out of those talks which were aiming for a deficit reduction deal after the side of the grand deal that the president wanted because democrats insisted on increase taxes as part of it. in fact, they have only agreed to the spending cuts that amount to little more than half of the $2.50 trillion deficit reduction deal. house speaker john boehner actually suggested an idea that would extend the bush administration middle class tax cut and sunset the tax

President-obama , Big-deficit-reduction-deal , Reporter , Country , John-boehner , Evening , Bills , Soundness , Aides , Jamie , Table , Everyone

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:21:00

Buttressed but a damaging jamie: today is the day, sunday and there is a show down photograph. who doesn t look guilty after over a ballooning debt in the spending the night in jail? there you have a nub of the country. president obama and congressional leaders facing off argument, that the perp walk in just hours, at the white is maybe convenience for journalists but it s certainly house. both sides trying to find middle not an it certainly is something that can really ground to tackle the looming indict an innocent person before all the facts are in. budget crisis and senate republican leader mitch mcdonnell discussed the search now, i know i would almost for a deal in an exclusive hesitate to say they should do interview on fox news sunday. away with it. we re talking about using i know eric, you are going to jump on me for this. this request that the president i really think it s time to made of is, to raise the debt ceiling, as an opportunity to do look at the perp walk, because really it is hard, very something really significant. for the country. difficult to imagine that about spending and about debt. somebody is innocent after you have seen them unshaved, and that of course would also be good for the economy. fainting from fatigue. handcuffed. in their rumpleed clothes. jamie: joining me special being marched off by cops. report anchor, bret baier, how do you then say that was filling in for chris wallace, an innocent guy? today on food sunday. good morning. eric: that is the point good morning, jamie. you raised. jamie: really significant the people are innocent under looks less likely at this point. how far apart do you think both sides of the aisle are on this? our system. they have not been convicted. as we face this crisis and the the defense attorneys have been known to put a raincoat

President-obama , Jamie , It-doesn-t , Country , White-house , Leaders , Sides , Show , Today-is-the-day , Ballooning-debt , Jail , Perp-walk

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:55:00

Those damaging wind gusts could reach 50 miles per hour or greater. so that will be the concern. now, not much going on, we do have heavier batches of rain, in portions of wisconsin and, we ll see the activity pick up throughout the day. eric: the heat can really get to you, great advice, hope everybody heeds that today. thanks, jamie. jamie: congressional leaders and the president sitting down again today, to talk deficit reduction, will they be able to reach a deal in time? we ll head to the white house, next. and, an exclusive look at an important new report. are u.s. soldiers deprived of their votes in elections? shocking new numbers show how many ballots are not being counted. [ male announcer ] this is larry. whose long day starts with arthritis pain. and a choice. take tylenol arthritis and maybe up to s in a day. or choose aleve and two pills for a day free of pain. happy chopping.

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Detailed text transcripts for TV channel - FOXNEWS - 20110710:15:34:00

Success is far from given. doug mckelway is live on capitol hill with the latest. how big is the gap between the white house and the republicans? reporter: nothing demonstrates the ideological divide between the two parties as the breakdown of talks that occurred last night. talks breaking down because of the pressure exerted against party leaders by their rank and file. the $4 trillion grand plan by the republicans, because of the suggestion on their part to increase taxes of any kind but scuddled on the democrats part to refuse to accept any cut to social security or medicare. senate minority leader mitch mcconnell speaking to bret baier on fox news sunday. listen to what he had to say. a big deal, a $4 trillion deal now off the table? well, i think it is, because everything they have told me and the speaker a big

Republicans , Reporter , White-house , Parties , Success , Latest , Nothing , Big , Gap , Given , Divide , Doug-mckelway

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:16:00

Critical round of debt talks, in washington. will we see a deal? we ll find out what administration officials and lawmakers are already saying, ahead of that meeting. and, it is their right. but, are military men and women being cheated in the voting process? we ll tell you what a stunning new report will reveal, this week, an exclusive look from our fox news voter fraud unit. stay with us. we ll be right back. naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. how d you learn to do that? what d you use?

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Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:04:00

Still morning hours out here. the election, it is hard for me kansas city is already to see how republicans will not 88-degrees. actually be in a better 90 in memphis. position, even if they don t win 82348 dallas. factor in the humidity and the the white house, there is a good temperatures will feel like chance they ll win the senate between five and 15-degrees and almost certainly still control the house and i think across the temperatures so republicans will be in a heat index is in the 90s tremendously strong position, to already. it feels like 99 right now in get the kind of deal that memphis. that will continue to increase speaker boehner went in there as we get more sunshine in the looking for, but clearly was not region. the forecast heat in the going to get from the white valley, 107 in kansas. house. 107 in tulsa. jamie: charlie, seems like 106 in memphis. those dismal job numbers may so guys it will be a scorching have changed the imperative for hot day out there today. the house white house. how close are both sides to accepting the proposal that vice a number of heat advisories in presidented by eb was able to negotiate and is that all we illinois, nebraska, and down to northern louisiana. need? will it get us where we need to georgia and alabama. be with respect to the debt ceiling? absolutely. and, i think the two sides are actually fairly close, a hot day out there. especially because both sides stay safe. eric: thank you so much. know that if they don t just jamie? jamie: thank you, eric. arrive at some sort of solution, a significant story about an that we will wind up in a american flag that flew above wreckage of the world trade center in the days after

Republicans , White-house , Senate , Chance , Temperatures , Humidid-humidity , Position , House , Factor , Election , Kansas-city , Dallas

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:59:15

Detailed text transcripts for TV channel - FOXNEWS - 20110710:14:59:15
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