Debt Ceiling Hanging News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kind of final agreement including those off sets the saerk was talking about there by tomorrow. that's because this takes a long time to process. they have to write up this legislation. they have to get ready to put it on the floor for the house members to vote on. and just a reminder, at the end of next week, the house of representatives is expected to go on their month-long recess. you don't want this debt ceiling hanging over the august recess. it could be terrible for the markets. it also could be open up a tax for house democrats who are in those front line districts back in their distric...

From hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to...

Is through tax reform to make sure the wealthiest americans through elimination of 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 congres...

on this debate before it's too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. i'm wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesn't break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today there's no more wiggle room and beyond that date, quote, we lose our capacity to borrow. if that happens, interest rates could go...

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 ...