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Been scrapped. states hoping bankruptcy could potentially free them from their financial obligations better listen up. does not look like uncle sam will be giving you a lending hand anytime soon. that is the message at least from the house majority leader eric cantor saying. cantor saying out right, quote, there will be no bailout of the states. and he adamantly oppose as proposal for congress to change the law so that states can file the equivalent of bankruptcy. republican congressman jeff flake of arizona sits on the house appropriations committee and he is my guest now. congressman, than...

Changes down the road, with reforms in taxes and entitlements which, as you know, is the biggest threat to our fiscal health in the years ahead. >>neil: okay, thank you very much. now to the republican here to say, don't bend, don't give because if that is what it takes to get the debt ceiling raised, the utah senator says "don't bother." senator, as it stands right now, the appetite in the senate i am told from your democratic colleagues is for no more cuts tied to debt ceiling jump so this could be a hot issue in two weeks, right? >>guest: yes, it could. and unfortunately, i expect it will b...