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We can come up with an agreement but the answer is, there's no specific penalty if you don't. what happened is back in march, march of this year, the house passed a budget, the republican budget, and the senate passed a budget. and since march -- we've been trying to go to a budget negotiation with our republican republican colleagues. three times here in the house, speaker boehner blocked the appointment of negotiators and 20 times, senator cruz blocked the appointment in the senate. it is progress now we're actually finally going to the budget table because it is obviously very hard to get a...

Our members signed letters sufficient to open government that we are there, clean legislation to open the government, clean legislation to lift the debt ceiling, that would take us on the path to the budget table where any and all issues can be discussed. i'm optimistic because i believe the impact of not lifting the debt ceiling on topping -- alone -- not lifting the ceiling is so catastrophic that those in the republican party will see the light. we stand ready to supply the votes but if they do not -- if they go and pass it on they'll need 100% republican vote. >> madam leader, i agree with...

Signed letters, petitions to open government, that we are there for a clean petition to open government, a clean legislation to open government, clean legislation to lift the debt ceiling that will take us on a path to the budget table when any and all issues can be discussed. so that's where we are. i'm optimistic. i believe because this tact of not lifting the debt ceiling on top of shutting down -- alone, actually, not lifting the debt ceiling is so catastrophic that there will be those in the republican party who will see the light. we stand ready to supply the votes, but if they do not --...

He has to make the case that the folks who are unrealistic are the folks on the other side. unrealistic what they could get in the last election. what they could get at the budget table and paid the price politically. he's got to explain to democrats, if you want to pay the price politically, all be purists, insist on the perfect program and go down in flames and lose control over more of the government. lose control of the senate, and could get put deeper in the hole in the house. an interesting conversation. i'd love to be at some of those fund-raisers. >> thank you, gentlemen, appreciate yo...

Out in the presidential elections, karl rove joins us. so is this budget going any place to begin with? >> it will be an object of discussion. let's tree treat it as a serious document it give you the insights into his thinking. you mijd his claim he is going to cut $4 trillion over the next decade as jack lew said. there is 2.50 cents in cut for every dollar in taxes, you know what? it turns out not to be the tairs indication. keith hennessey out of stanford drew my attention to the document. this is the budget table. one of them is called summary table s-3, deficit reduction as of january 20...