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Yesterday because of the progress that was being made in the senate. so the -- it is the president's intention and it's reflected by the meetings and conversations he's been having with leaders as well as the fact that he invited every member of congress to the white house last week for discussions on this issue to engage directly with lawmakers as they try to resolve this issue and try to do it in a way that hopefully reflects the bipartisan spirit that we've seen in the senate process and we continue to hope that that will bear fruit and will produce something that can in the end lead to a r...

Said during that briefing the i'm for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. we've gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over to the treasury department in terms of prioritizationsization. jay would only say prioritizationsization, picking and cho...

On the daily cash management list that the treasure treasury is now running $20 billion, $30 billion a day it has. it closes the account at the end of the day. compare that to last year, wolf, the treasury was closing the day with $60 billion, $70 billion a day. what's happened is they have pulled down and down and down. this is exactly what jack lieu was warning about. they have been moving the money around. they have been robbing peter to pay paul and now crunch time has arrived. the treasury will have roughly $20 billion to $30 billion a day and that won't be enough by the end of the week. ...

Department of treasury can pay our bills. >> so interesting to note the juxtaposition, wolf. we haven't seen the final details of the senate plan, but the president is pleased with the progress in the senate plan. the white house has also not seen the details in the house plan but they see some of the elements as trying to extract some sort of ran some from the president. i think just to boil town to the brass tackles here, wolf, i think what is going on here is the white house is just saying no to the medical device tax. that was not in the senate plan. as it came out yesterday evening, at le...

Don't want the money back in the treasure treasury, that's the disingenuous part of it. nothing to do with oil policy or economics, how can i fund my pet projects and demonize. >> and you all get your pants in a knot over tax breaks, lord have mercy, let's start with the home mortgage interest deduction. >> that's what we're talking about. >> and talking about, dagen. >> and get rid of them all. and this whole view for-- (laughter) . . >> clayton: scarce me, dagen. and all right. what do you make of that, you know, they're never going to do this sort of stuff because that-- >> i don't believe ...