Page 41 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last week, but it sure had a mellowing effect on their members. maybe there were deep breathing exercises, soft jazz music. something happened. either way, we welcomed the outcome of their retreat. the bill represents a huge change on the debt ceiling issue, and hands the president his second major win in a month. and it shows that the republicans are in full-on retreat on fiscal policy. >> joining me now, msnbc's ezra klein, ezra, i didn't see this one coming, did you? >> i'm going to say i actually did. the day after the fiscal cliff, i said the republicans are going to fold -- >> well, i do...

About the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasti...

What we are dealing with now when you add in -- >> not everybody believes the stimulus. had an economic impact. >> a little bit. bottom line is they had to borrow the money to do that and with the interest it adds up to a trillion. president's health care laws, new spending. yeah. hay has been part -- he has been in washington the last four years. last time i checked, even -- you know, daughters don't want to play cards with him. he's there. we have time. let's sit down and figure this out and not have these ultimatum. >> i have to say it sounds like you are leaving the opening that maybe debt...

This congress? i don't know. but what's uppermost in my mind making sure that i'm honest with the american people and with members about of congress about what i think will work, what i think is something that will make a difference and, to repeat what i have said earlier, if there is a step we can take that will save even one child from what happened in newtown, we should take that step. >> [inaudible]. >> i'll present the details later in the week. chuck todd, nbc. >> thank you, sir. as you know senate democrats, harry reid, sent you a letter, begging you, essentially, to take, consider some...

Deal. and i think he might, might have had significantly more leverage to deal with the debt ceiling issue then trying that. he didn't test it. just skeptical about how much he'll test it now in the face of a debt ceiling. i hope i'm wrong. i'm skeptical. >> the other big story this afternoon, vice president biden makes the formal recommendations to the president on gun control. what will it take to get meaningful action if that's possible? military man and gun control advocate joe sustek brings his perspective. [ male announcer ] house rule number 46. what's good for the pot... is even better...