Page 2 - Debt Limb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Limit to pay the bills we have incurred. it is unfortunate that the common-sense debt clean bill was refused a yes or no vote today. meanwhile, in the house, not much is getting done today. that's because members have left. they have got back to the home districts leaving only the gop leadership in town. now, congress must do its job and raise the debt limb to pay bills that we have incurred, and, we want to bring in brianna keilar, who is at the white house monitoring all of this for us. brianna what did you make of the senate press conference? >> reporter: miguel, very much what athena s...

Weeks? how do you move that forward. >> actually i think we'll see that in the next day or so. again, republicans said we'll take the initiative on the debt ceiling so we won't default on the debt, because that's the most sensitive and potentially catastrophic eventuality, and then they're going to meet this afternoon, and i think again, they'll say, okay, let's -- we'll reopen the government, we'll do a continuing resolution for six weeks, as well, match those two up, and tie them to the same agreement to do negotiations. the important thing -- >> why are you confident than going to take plac...

Whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think it's a possibility. failing to to do this would be unthinkable. it's never happened in our history. congress does have this responsibility. it's a pretty solemn one. it is in the constit...

That will increase interest rates, increase unemployment. you talk about a lot of uncertainty, you're creating unsrcht. >> the president tried to use the debt limb to enforce his will on iraq. >> oh, come on. >> now he's son don't even think about doing that. you know what's going to destroy the economy is the debt. >> here's a question for you. >> that's what's going to break this economy. >> i think the deficit is down to about $642 billion. >> which means we're still adding to it. >> the deficit is going down, we are making progress. >> every year the debt is growing. >> even john boehner -...

Specialist wos track down loose nuclear teles wouldn't get their paychecks. invesors around the world will ask if the united states of america is, in fact, a safe bet. the full faith and credit of the united states of america is not a bargaining chip. >> bret: the president of the united states today. his last news conference of the first term. quick reaction from mitch mcconnell who released this statement -- the president and his allies need to get serious about spending. debt limb debate is the perfect time for it. i know the most important issue confronting the issue of the country is defi...