News of the pre-debt fight world, there was an escaped peacock on the loose on the upper east side of manhattan yesterday. complete team coverage later in the show. first the news live at 5:30 a.m. at 30 rock in new york city. after months of negotiation and political rhetoric, and just hours before the midnight deadline, congress passed legislation to raise the nation s $14.3 trillion debt ceiling. the senate voted to approve the deal 74-26 guaranteeing the u.s. will not default on its obligations allowing it to begin borrowing more money to pay the bills. president obama signed the bill into law in the early afternoon, seen here without observers or fanfare. speaking in the rose garden just after the vote, the president praised congress for finally passing the compromised deal. but he immediately shifted his focus to fixing the economy and creating jobs. it shouldn t take the risk of default, the risk of economic
Well being throughout the world where you help allies like egypt have a good election, that account is now competing with the department of defense. one of the ruls of this deal is to make us fortress america. the ability to engage the world without military using the military exclusively is going to be diminished here. the foreign operations account is the big loser in this whole deal and we need to be involved in the world in constructive fashion. grover nor kwst has bragged about there s the boehner rule. that no debt ceiling increase will ever go without a dollar for dollar cut. is that a rule that is good for the is that good policy? the question i think so. how do you get in $14.3 trillion worth of debt? both parties have to work together to screw the government up this bad. you can t be this far in debt doing it all by yourself. if someone party s willing to break that cycle, that s a good thing. the tea party has brought a lot
Around here. here s what we re watch manager the live feed. minutes away now from that vote in the senate. they are expected to pass the emergency legislation needed to raise the $14.3 trillion debt ceiling. president obama plans to make it official this afternoon and will make remarks in the rose garden following the vote at 12:15. then finally at 3:15 the president gets a break from the debt, oh, say it isn t so. he welcomes the crew of the space shuttle endeavour to the white house. we re back after this. just one phillips colon health probiotic cap a day
Balanced budget amendment which is a biggest thing that i would urge my colleagues to don both sides of the aisle. listen to the american people. they are a lot smarter than we give them credit for and they know what is best. they balance the books for their own households and own small businesses every single day. congressman, i don t know if you had a chance to hear who we were talking to before missouri democratic congressman emanuel cleaver, and he said if i were a republican i would be dancing in the streets. do you agree? absolutely not. i would say if today we could say that the $14.3 trillion debt is gone, then i would be dancing in the streets. we still have a debt crisis an just because we can raise the debt ceiling and avert a catastrophe for august 2nd, we have a serious problem on our hands and deal with entitlements that are raising the debt astronomically. and are you concerned about the super committee at all? well, you know, i think that
Say that the $14.3 trillion debt is gone, then i would be dancing in the streets. we still have a debt crisis an just because we can raise the debt ceiling and avert a catastrophe for august 2nd, we have a serious problem on our hands and deal with entitlements that are raising the debt astronomically. and are you concerned about the super committee at all? well, you know, i think that we are concerned about everything, but i m going to be optimistic that this committee knowing that if they don t do their job, then there is sequestration, which is going to implement cuts that both sides are going to want to avoid with their lives in my opinion. so, this committee which will be completely bipartisan, does two things. number one, it forces them because of sequestration to come up with the cuts needed, but more importantly, because it is bipartisan, it should put an end to the demagoguery and the deem