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. i don t buy this notion of e default. to me that s a false choice. default means you can t service your debt, you can t pay off your debt, anderson, and there s plenty of government revenues to do that. one of the things that s been harmful in this debate is there s been this obsession with august 2nd, august 2nd. we need to get this right. we need a balanced budget amendment. if it takes us a few
already for so many people. so it s unbelievable. we just don t know. we re at a point where there is a lot of concern because it is so uncertain. and people are following it, they re talking about it. and they ll be doing that for the next two hours. hope fly we ll have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. we re will thalmost out of time. those words from president obama. the deadline for raising the country s debt limit now just four days away. and congress and the white house still gridlocked over what to do. the president says there are plenty of ways out of this mess, but the clock is ticking. what s clear now is that any solution to avoid default must be bipartisan. it must have the support of both parties that were sent here to represent the american people, not just one faction. itle have to have tsupport of both the house and senate. a lot of you understandably angry, frustrated o
4.55%. most of the republicans running for president, or considering it are opposing house speaker boehner s attempt to raise the debt limit. chief political correspondent karl cameron goes down the press list. minnesota congresswoman michele bachmann dismissed the boehner plan to raise the national debt limit beyond $14.3 trillion and vowed to lead the opposition against any increase in federal borrowing. i can t support any plan that begins with the assumption that we have to raise the debt limit, and yet doesn t offer a fundamental restructuring of government spending habits. i won t do it. in texas, this week, governor rick perry, expected to join the presidential race within a month, suggested he too is prepared for a default, downplaying the potential disaster both parties in d.c. predict. this threat that somehow or another the world is going to come to an end, the threat of we re not going to be able to pay our bills is a bit of a stretch. most americans know this
news. ongoing news with the soldier who has been plotting to attack fort hood personnel. we are looking agent live pictures here. police say that he was nabbed in a hotel room full of explosives after going awol in june. first class jason abdo admitted to planting an installation at the same place where the deadliest shoot on a u.s. military base has taken place. he had asked for release due to his religious status, but in the meantime, he had been arrested for child pornography. thank you, veronica. let s not lose mind of what is stake here. the u.s. owes a lot of money, $14.3 trillion and most of it, the u.s. owes to social programs like social security and
the msnbc newsroom with breaking news. ongoing news with the soldier who has been plotting to attack fort hood personnel. we are looking agent live pictures here. police say that he was nabbed in a hotel room full of explosives after going awol in june. first class jason abdo admitted to planting an installation at the same place where the deadliest shoot on a u.s. military base has taken place. he had asked for release due to his religious status, but in the meantime, he had been arrested for child pornography. thank you, veronica. let s not lose mind of what is stake here. the u.s. owes a lot of money, $14.3 trillion and most of it, the u.s. owes to social programs