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out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? the super committee was told to cut 2.6% of the budget over ten years. that s it. 2.6%. and they couldn t do it. the president did approach a camera to say he would veto what john mccain had suggested, which was to halt the auto ....
this pros he united in our belief the nation s fiscal crisis must be addressed and that we cannot leave it for the next generation to solve. that statement, issued in congress. the super committee must not end. the president said if congress tries to get around the automatic cuts, called for in the law that created the super committee, he will veto it. my message to them is simple. no. i will veto any effort to get rid of those automatic spending cuts to domestic and defense spending. there will be no easy off ramps on this one. we need to keep the pressure up to compromise. not turn off the pressure. the super committee s failure has important consequences. stocks fell sharply as investors added washington s gridlock over america s debt to an already long list of worries about economic growth at home and europe s financial crisis. plus, there are worries of a possible additional downgrade for the u.s. and the legislation that created that super committee calls for ....
people are trying to find an end in sight. and as he bubbles to the top of the 2012 pool, what makes newt tick? with gingrich campaign adviser bob walker and former gingrich staffer, political analyst rich galen. i m candy crowley, and this is state of the union. for more than two months, debt committee members have struggled with the complications of public policy and the reality of party politics. by way of good news, they re still talking to each other. we have 12 good people who have worked hard since this committee has been created to try to find sufficient common ground. i think all 12 members of this committee have really committed to doing that. we re working hard. still, it s hard to figure how they can in the hours left agree on a deal that has eluded them for months. joining me now for her first sunday interview as democratic co-chair of the super committee, senator patty murray from washington. thanks for being here at a tough time. there are mul ....
i m erin burnett. outfront tonight, countdown. nothing is over until we decide it is! was it over when the germans bombed pearl harbor?! hell, no! germans? forget it. he s rolling. and it ain t over now. because when the going gets tough the tough get going! who s with me?! let s go! we re with you. that was john belushi inspiring the troops in animal house. and that s the kind of inspirational message our super committee needs to get the job done. they have five days to make a deal. now, if you think that s not a lot of time, consider this. any proposal must be made public 48 hours before the deadline, so the pressure is on. now, there is still time, but today democratic panel member john kerry came out of a closed-door meeting, sounding less than optimistic after his side balked at gop offer that didn t have what he felt was enough in new taxes. we re still working. i hope we can get there. but i don t know. if the committee fails, $1.2 trillion of ....