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america's monstrous debt. a private meeting sunday between chief of staff and two top republicans in the house failed to bring both sides closer to a deal. today administration aides were sounding the alarm about the so-called catastrophic consequences of failing to reach agreement by august 2nd. >> the august 2nd deadline is serious. the consequences of default would be catastrophic. it would be an instant tax on every american in the country. anyone who pays a credit card bill, anyone who pays a mortgage, who deals with interest rates would immediately feel the affects. >> sean: th...

america's monstrous debt. a private meeting sunday between chief of staff and two top republicans in the house failed to bring both sides closer to a deal. today administration aides were sounding the alarm about the so-called catastrophic consequences of failing to reach agreement by august 2nd. >> the august 2nd deadline is serious. the consequences of default would be catastrophic. it would be an instant tax on every american in the country. anyone who pays a credit card bill, anyone who pays a mortgage, who deals with interest rates would immediately feel the affects. >> sean: th...

hannity starts right here, right now. another day has passed still no deal reached between the white house and congressional republicans on how to reduce america's monstrous debt. a private meeting sunday between chief of staff and two top republicans in the house failed to bring both sides closer to a deal. today administration aides were sounding the alarm about the so-called catastrophic consequences of failing to reach agreement by august 2nd. >> the august 2nd deadline is serious. the consequences of default would be catastrophic. it would be an instant tax on every american in ...

i'm wolf blitzer. you're in "the situation room." the u.s. defaulting on its debt for the first time in history? we can't state it enough, this has enormous consequences for all of us, and time is quickly running out to prevent what the president calls armageddon. let's check in with kate baldwin. she's standing by with the latest. where do the negotiations stand right now? >> the two top republicans in the house. no official readout from the white house, but president obama says we are making progress when asked today by reporters how the debt talks were going when he was leaving ...

>> let's go back to the fundamental issue that the people are saying they are objecting to. they are objecting to the fact that islam is both a religion and a set of laws, shariah law. that is the difference between any one of our other traditional religions where it's just about religious purposes. the people in the community know best. i happen to side with the people in the community. >> eric: all right, guys. we all agree that muslims have a right to build mosques where they wish. but i agree with mr. cain, it isn't right to build a mosque where it's not wanted. bob becket is pro...