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obama has just summoned congressional democrats to aarr white house. to be clear, democrats only. we re also hearing the top two house republicans, john boehner and eric cantor are to meet with mr. obama at 5:00 p.m. eastern time. so clearly a busy afternoon shaping up at the white house. tell you what, i want to take you now straight to senator coburn who is live for me. sir, good to have you on the program. let me just begin with this. we mentioned these meetings at the white house. my question is, is the fact that there s a democrats only meeting happening now at the white house, does that, sir, signal to you that we have entered a new phase in these talks, these debt reduction talks that the president is now starting the process of essentially selling your gang of six proposal to his people, that the process of the arm twisting and the lining of support is under way? oh, i don t know that you can assume that. it may be that he s going to talk to them about a short ....
grilled and lambasteds by british law makers and now a whistleblower in the growing phone hackl scandal reportedly is dead. and a 77-year-old man defends his home and family from an intruder with a gun. stand by for the dramatic story. that s even more compelling because get this he s a member of the united states congress. i m wolf blitzer. you re in the situation room. the u.s. defaulting on its debt for the first time in history? we can t state it enough, this has enormous consequences for all of us, and time is quickly running out to prevent what the president calls armageddon. let s check in with kate baldwin. she s standing by with the latest. where do the negotiations stand right now? the two top republicans in the house. no official readout from the white house, but president obama says we are making progress when asked today by reporters how the debt talks were going when he was leaving an event in the rose garden. on the part of speaker boehner, a sp ....
out a plan palatable to both sides, and there s a separate push for the balanced budget amendment. the president suggested this morning that the u.s. doesn t have time have for any proposals. we don t need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs and to make sure that the government is living within its means and making responsible choices. so it this notion that we re going to go through a multi-year process instead of seizing the moment now and taking care of our problems is a typical washington response. we don t need more studies. we don t need a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. everybody knows that. so august 2nd is the looming deadline. that s the day when the treasury warns the u.s. will have to decide which bills it will pay and which ones won t get paid. with no talks scheduled at the white house today, house republicans offering up t ....
she shun the media spotlight or will she try to capitalize on her supposed fame? i m wolf blitzer. you re in the situation room. president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went before reporters to keep pushing raising the debt ceiling limit before the august 2 deadline. he seems to be softening his terms somewhat. let s go to the white house. our correspondent dan lothian has the very latest. he said it time for law makers from both parties to make tough choices. he says he s been willing to put entitlement programs on the table, but even so, there s no deal tonight. and some republicans are saying it s time for the president to put his own plan on the table, not make another speech. president obama still thinks the so-called big deal option is the right deal. what s important is that even as we raise the debt ceiling, we also solve the problem of underlying debts and deficits. i m glad congressional le ....
no agreement. nor is there an agreement on a house republican push for a much smaller plan made up of spending cuts alone. if all else fails, we may end up with an idea floated by the top senate republican, mitch mcconnell. we laid it out for you. three separate votes between now and the next elections to raise the nation s debt by $2.5 trillion, and there would be $1 trillion in spending cuts and a special congressional panel to shore up entitlements, and the up side supposedly for republicans is keeping the issue alive for another year and blaming the president, who, by the way, is not ruling it out. it s constructive to say if washington operates as usual and cannot get anything done, let s at least avert armageddon. that s i m glad that people are serious about the consequences of default. i want to bring in my colleagues from the white house. dan, to you first. the president says the negotiations have not been ugly, as some have claimed, and he still has hope ....