Page 47 - Tim Farley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

here is the current u.s. debt ceiling. it 14i$14.3 trillion. we hit it in may. if they don't comeup with a dee. they have a scheduled meeting in about five hours. listen to how far republicans, other republicans and democrats are. this is from "anderson cooper 360" late last night. first majority whip steny hoyer. >> even within their own party, it is deeply divided party, divided against their leadership, angry at their leadership, and a party that has divided itself, has difficulty working with the president and with us and that's unfortunate and the country is the poorer for it. >...

at the same time, that house speaker john boehner's office was putting out this release, the good news about the cost estimate, senate democrats released a letter at almost the same time with 53 signatures on it saying they don't support the plan in the senate and really essentially making clear that it cannot pass. so while all eyes are still on the house to see what happens with john boehner's plan in the house, it has serious problems in the senate if it gets there. >> you figure the democrats wouldn't be friends, that's just politics but this bill is make something republicans ca...

it either. kate baldwin looks ahead. >> reporter: if it does pass in the house, it has the potential of hitting a huge road block as soon as it gets to the senate. at the same time, that house speaker john boehner's office was putting out this release, the good news about the cost estimate, senate democrats released a letter at almost the same time with 53 signatures on it saying they don't support the plan in the senate and really essentially making clear that it cannot pass. so while all eyes are still on the house to see what happens with john boehner's plan in the house, it has s...

cnn's chief white house correspondent jessica yellin spends the next 18 seconds giving us the big picture. >> reporter: what's happening now is democrats are waiting. they're just waiting to see what happens with the republican's bill before making their own move in the senate. the big picture here is neither the republican's bill in the house nor the democrats' bill in the senate seems to have the votes to get through both houses of congress. so we're back at stalemate. >> and so it's wednesday and there's no deal. the ted line is tuesday of next week. if congress can't get it done ...

offer the spending and deficit cuts that republicans thought it would. cnn's chief white house correspondent jessica yellin spends the next 18 seconds giving us the big picture. >> reporter: what's happening now is democrats are waiting. they're just waiting to see what happens with the republican's bill before making their own move in the senate. the big picture here is neither the republican's bill in the house nor the democrats' bill in the senate seems to have the votes to get through both houses of congress. so we're back at stalemate. >> and so it's wednesday and there's no dea...