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Sequester, the sequester that goes in place with his signature today that he proposed 2011 and has yet to put on the table a full proposal that's actioned by congress. what he's referring to is the president hasn't does his homework. the senate took up a bill that did not pass and actually raised spending. it did not offset sequestration and the president has a plan with undefied concepts. the president needs to get his homework done and a plan. >> the two house bills passed that they severely cut earned benefits, entitlements across the country for many americans and that's why they didn't mo...

This up on capitol hill. mike? >> bret, essentially what this came down to is after senate majority leader harry reid did not return a counter proposal to senate republican leader mitch mcconnell he got on the phone with vice president biden who is known for cutting deals and they worked through the night and senator mcconnell told colleagues he thought he had a deal with the vice president on the whole tax issue and then at the last minute the white house threw in the idea of putting off these automatic cuts set to start in 2013. the sequestration. the across-the-board cuts to defense spendin...

Rate in regards to perhaps social security. he says it's not a deal breaker. if they don't want this, we can drop it. and he essentially said, af been waiting 18 hours for a counter proposal from senate majority leader harry reid and so that's when mcconnell went to the bullpen and called the vice-president, his old buddy to see if they could cut a deal. >> andrea. >> mike, i've heard the reason, i know bob says mcconnell got in at the last minute and democrats and president didn't want nancy pelosi in the room if you're going to have mcconnell you've got to have pelosi in the room. that's a s...

Rate in regards to perhaps social security. he says it's not a deal breaker. if they don't want this, we can drop it. and he essentially said, af been waiting 18 hours for a counter proposal from senate majority leader harry reid and so that's when mcconnell went to the bullpen and called the vice-president, his old buddy to see if they could cut a deal. >> andrea. >> mike, i've heard the reason, i know bob says mcconnell got in at the last minute and democrats and president didn't want nancy pelosi in the room if you're going to have mcconnell you've got to have pelosi in the room. that's a s...

Rate in regards to perhaps social security. he says it's not a deal breaker. if they don't want this, we can drop it. and he essentially said, af been waiting 18 hours for a counter proposal from senate majority leader harry reid and so that's when mcconnell went to the bullpen and called the vice-president, his old buddy to see if they could cut a deal. >> andrea. >> mike, i've heard the reason, i know bob says mcconnell got in at the last minute and democrats and president didn't want nancy pelosi in the room if you're going to have mcconnell you've got to have pelosi in the room. that's a s...