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what could be the largest municipal bankruptcy in u.s. history. good morning to you all. thank you for spending part of your weekend with us. i'm t.j. holmes. we do need to start with a debate that was supposed to be over already. we are less than three days from a possible u.s. default. this clock is still ticking and a deal is not done. we are expecting a lot of action on capitol hill today. both houses in session, but whether there's going to be any real progress, that's anybody's guess. this is what we've got going on today. the house starts debate at noon with the likely vote ...

Men today are roughly as educated as their fathers were. and men who've managed to keep their jobs are also making roughly as much as their fathers were. there's a real connection there without increasing educational attain minute it's very hard to get big pay increases. >> i don't think anybody would say the competition isn't good. but when it comes to competition on the education front, guys are facing challenges because 2 million more women than men are graduating from college over the last ten years. now it seems like that women actually outpace, outnumber men on college campuses current...

We're trying to make adjustments so that we have a sustainable budget a that works for us over the long term and there are things not working at all. on the education front, we're consolidating from 33 programs to 11 programs. there is waste and inefficiency there that, you know, is long overdue and we identify a number of these programs that just don't work. let's take that money out of those programs that don't work and put that money in programs that do. >> mr. president, you say you are feeling our pain instance you were a community organizer. >> listen. i definitely feel folks' pain. some...

Long term. and by the way, there are just some things that just aren't working at all, so we've limit nailed a couple hundred programs in this budget. on the education front, we're consolidating from 33 programs to 11 programs. there is waste and inefficiency there that is long overdue. and we identified a number of these programs that just don't work. let's take that money out of those programs that don't work and put that money in programs that do. >> --gen principle audible question] >> look, i definitely feel folks' pain. you know, i -- somebody is doing a book with the ten letters that i ...

Budget that works for us over the long term. and by the way, there are just some things that aren't working at all. we've eliminated a couple hundred programs in this budget. on the education front, we're consolidating from 33 programs to 11 programs. there is waste and inefficiency there that, you know, is long overdue. and we identify a number of these programs that just don't work. let's take that money out of the programs that don't work and put that money in programs that do. so -- >> mr. president, feeling our pain especially as you were a community organizer -- >> look, i definitely fee...