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Economy, threaten job creation. >> has an effect on gdp which has an effect on hiring. >> the manufactured crisis of these last few weeks harmed jobs and greg. >> now, that uh-oh moment, 204,000 jobs added in october, the same month as this ryanous government shutdown. 100,000 jobs more than expected. no surprise to jim. jim, the end of the world did not happen and much like the sequestration cuts which were going to be ruinous, didn't happen. >> of course it didn't happen. the bureau of labor statistics said there was no impact from the shutdown. they try to scare us into believing big govern...

Yes, the twitter ipo, up big, over 70% on its first day. just like the quarterly gdp numbers today, everything is going gangbusters, well, on the surface at least. dig down into the great economic number we saw today, the gdp report, and we find that people actually pulled back on their spending in the last quarter. look closer and you will see that the sequestration cuts have taken an enormous chunk out of this economy. with the white house today estimating that the shutdown and debt ceiling fight cost up to 120,000 private sector jobs in the first two weeks of the quarter, it becomes obvious...

Deficit reduction. including the current sequestration cuts, we will have cut $4 trillion, that's trillion with a "t," through 2023. what's more, only about $1 in $5, 20% of savings, have come from revenue increases. everything else spending cuts. and i suppose, you know, mr. ryan will only be happy when that first number is zero in five, is that right? >> well, look, you're absolutely right, martin. if you look at the progress waef made over the last several years on deficit reduction. it's overwhelmingly come from cuts that will be made in the next ten years. cuts that are already in place. ...

Actually waiting to deal. they set up the previous year, attempting to execute the plan to extort unilateral concessions. that's what boehner wanted to do with the debt ceiling and ted cruz with the government shutdown. that failed. a disarray. they're on the backup plan. the backup plan is a small deal. i think they're going to try to lift sequestration cuts. automatic cuts to the, to the nonmandatory spending programs. for a year, maybe two, probably one year. and just fry to cobble together a small package. stop hurting the economy as much as they have been doing. so, by recent standard thi...

Cuts. perhaps unsurprisingly the latest quest for elusive grand bargain may be falling apart. speaking to "politico" house budget committee chair, america's workout king, we're showing that picture of him working out, threw ice water telling "politico" we need to focus on achievable goals. if we spend our time faulking about a grand bargain we will fall far short. that will require each party compromising their core principles. in this divided government we're not going to do that. in an interview with nevada radio knpr harry reid identified the main obstacle to such a deal. >> they have their...