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Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Bowles/simpson and gang of six. they laced less revenue than bowles/simpson and gang of six. they cut spending a bit more and the republicans turned them down. i -- i don't see how we get anywhere from here unless the republicans have got to move on revenue. the democrats are going to have to move on things like medicare, but in the joint committee, the democrats were willing to move and the republicans basically were not. >> kevin, we've got about a minute left, and i -- i basically agree with bob. i think the republican intransigence on taxes is a huge problem though i will say obama hasn't ...

Deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that ...

The big story, nationally, obviously is the budget. just 74 hours away from a possible federal shutdown. president obama held a last-minute press conference in the white house briefing room today after negotiations with speaker boehner fell apart. the president put the blame squarely on the speaker. >> what we've been able to do is to present to the house republicans a budget framework that would cut the same amount of spending as speaker boehner and chairman rogers originally proposed. their original proposal for how much would be cut. we are now closer than we have ever been to getting an ag...