Brinksmanship Games News Today : Breaking News, Live Updates & Top Stories | Vimarsana

punxsutawney, pennsylvania. get your arms around that. they're waiting to see. >> i love it. >> will the groundhog see his shadow? >> fantastic. >> band is on stage. everyone is ready to go. >> we have to do the show live from there sometime. >> oh, my god, i'd love to do that. can we do the show live from punxsutawney? >> groundhog day for me is one of those things, i can never remember whether the groundhog sees its shadow, it's good or it's bad. it just doesn't stay with me. maybe because i don't care. i don't know. i don't know. >> but that would be fun. >> yeah. >> gobbler's kno...

Debts. it is congress that passes the budgetskur incurs the debt. the president can do that. if congress wants to, they can do a resolution of disapproval to stop the presidential action. basically, it is a simple thing. the president looks at what congress has done, the budgets that they put on the president's desk, raises the debt ceiling to cover congressional actions. if congress doesn't like the president's move, congress does a resolution of disapproval. it worked in 2011. it was a republican idea. if we did it and made it part of our kind of ongoing process, we would avoid these brinksm...

Economists say it would be catastrophic. but some republicans say it would be no big deal. listen to this. >> i don't think the credit of the eyewitness is going to be collapsed. i think that all this talk about a default has been a lot of demagoguery. false demagoguery. >> you'd have a balanced budget. it doesn't mean you wouldn't pay your bills. >> anyone that uses the word default is being disingenuous. >> this talk of default by the u.s. treasury is nonsense. >> what's scary to me is not the pending catastrophe, that is very frightening. but that they act as though it's no big thing which ...

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Go to the brink this time in order to stop cuts that he thinks will harm the economy? >> what the president did this week is he sent a very clear message that washington has to stop playing these brinksmanship games. it's not about who wins and who loses -- >> but this report, mr. secretary, indicates indeed the white house is setting itself on a position to go to the brink, to force republicans -- >> what we have said is congress needs to get its work done and needs to fund the kinds of things the american middle class need, and we need to get the debt limit extended in a way that doesn't cre...