Page 20 - Debt Increase News Today : Breaking News, Live Updates & Top Stories | Vimarsana

live on capitol hill correspondent. you've been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what's in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dolla...

a plan b or c. senate, the other from house >> go ahead, please, carl. republicans. but there's a big problem. >> i just think that they're -- neither of those plans may be i think that at this point they able to get through congress and probably have to go through some of these initial votes. the clock is ticking. and that's what i was referring to earlier, that the back cnn congressional correspondent channel communication that kate boulwan joins us now. continues and, you know, where senator mcconnell comes down i think will be important. let's start in the house where whether he ...

murdoch's protege rebekah brooks to show up tomorrow to answer questions. despite her arrest over the weekend, her spokesman says she will be there. she's denying she knew her reporters hacked phones for scoops while she was the newspaper's editor. rupert murdoch, chairman of news corp, and his son james are expected to testify alongside brooks tomorrow. they will appear before parliament's media committee. a heatwave hitting the middle of u.s. extremely high humidity makes it feel as hot as 117 degrees in some places. that heat is creeping east. >> brutal. i probably lost 10 pound...

Like to see passed, to deal with the debt crisis and i think those bills will obviously go nowhere because i don't think the democratic senate will send them to the president and if they did, i'm not sure he'd sign them and i think once we have votes that fail, it might put us on track to try something that could work, even though, right now, republicans and even a lot of democrats are skeptical about some of the plan bs, that have been talked about. namely, the mcconnell plan, which would put this onus for a debt increase on the president. right now, senator mcconnell and majority leader reid...

won't support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i t...