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Part of the debt or deficit reduction process the commission will be stale mated and that is the policy side and it depends who the republicans put on and it is that republicans will not put members on the commission who are in favor of tax increaseses and that will complicate things from the beginning and, so it does not have the force of law and congress doesn't have to follow it and the president may not endorse it and it may not be able to get a majority and that is where we are now. martha: congress rejected the idea already and will they pay attention to anything that comes out of it? >>...

The president to commit whatever it rmecommends, put in the next budget to congress and that would give it presidential authority and i asked if it was possible yesterday, to a top white house economist and here's what he told me. >> i'm not going to speculate about commissions. i know the president's committed -- has committed in the budget that we need -- he wants a commission, that we ought to have a bipartisan solution. for these big serious long-run fiscal issues, which remain almost exactly the same form they have been for the last 20 years and we have known that we have got to face up t...

Developments this morning in the climate change debate, the united nations climate chief plans to resign after holding that post for nearly four years, igo devor will officially step down july 1st, 5 months before about 200 nations gather in mexico for another attempt to reach some kind of agreement to control greenhouse gases. previous efforts to set emissions targets at level that would be fair to both developing and industrial countries have failed. no word yet on de boer's successor. bill: so, more than $12 trillion, that's our nation's debt, on the big screen. look at that, martha, huh? t...

As to rise above partisanship and there will be 18 members. in addition, to the two cochairs, four others will be appointed by me, and six will be appointed by republican leaders, and six by democratic leaders. and their recommendations will require the approval of 14 of the commission's 18 members and that ensures that any recommendation coming out of this effort and sent forward to congress has to be bipartisan in nature. this commission is patterned on a bill that i supported for a binding commission that was proposed by democratic senator kent conrad and republican senator judd gregg. thei...

Then it has... simpson's picture. through nearly two decades in e the u.s. senate he earned a reputation for putting common sense in -- and the people's welfare ahead of petty politics, that's number 2 republican in the senate, he made the tough choicesary to close deficits and played an role in bipartisan deficit reduction agreements. erskine bowles understands the importance of managing money responsibly in the public sect for where he ran the small business administration and served as president clinton's chief of staff. in that capacity he brokered the 1997 budget agreement with republican...