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You it would take to get my vote. we need to do something about the short term. we need to get a spending ceiling for the next two years because we're not likely to get a final budget out of a democratic senate and a republican house. we need to know how much we're going to spend the next two years, and that needs to be on a declining basis. then we need to do something mid-term, that is, within what we call the budget window, within the next few years, both on the discretionary side and the mandatory side. and the mandatory side means entitlements. and we also need to do something long term. ...

budget cuts before he agrees to raising the debt ceiling. and then there's the democrat-controlled senate. >> we shouldn't be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republican leader mitch mcconnell and paul ryan, chairman of the house budget committee. then presidentia...

money, there will be no increase in the debt limit. >> boehner wants $2 trillion in budget cuts before he agrees to raising the debt ceiling. and then there's the democrat-controlled senate. >> we shouldn't be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republican leader mitch...

When are you going to throw your hat in the ring? >> we have an exploratory committee up and running and will make the announcement within the next thirty days, soon. >> martha: what are you basing it on? >> we are traveling the country, testing the waters in terms of raising money and gaining support that is going well, so the signs look positive. >> martha: let's talk about in debt. the president met with mitch mcconnell and others today trying to deal with whether or not they are going to raise the debt ceiling. and if they agree they were commensurate with spending cuts. what would you say...

When are you going to throw your hat in the ring? >> we have an exploratory committee up and running and will make the announcement within the next thirty days, soon. >> martha: what are you basing it on? >> we are traveling the country, testing the waters in terms of raising money and gaining support that is going well, so the signs look positive. >> martha: let's talk about in debt. the president met with mitch mcconnell and others today trying to deal with whether or not they are going to raise the debt ceiling. and if they agree they were commensurate with spending cuts. what would you say...