divisions on capitol hill, two rival plans now appear to be in the works. for more, we go to nbc s tracie potts in washington. tracie, good morning. reporter: good morning. the bottom line this morning, still no deal here in washington. ever so close to this deadline for default. republicans, democrats, the white house, all working overtime this weekend to try to come to some agreement. president obama had top democrats at the white house working on their backup plan. john boehner, the house speaker, meeting with conservative republicans last night telling them that they need to be ready to compromise and deal with some changes from what they originally wanted. there are two different versions here. democrats looking to, in fact, insisting that we deal with all of these cuts through 2013. republicans saying they want to do it step by step, which could mean more negotiations before the 2012 elections. the big concern this morning, will the markets be spooked by all of this j
the polls in november. senate democrats got together, but could notagree on how to move forward. the iss is whether or not to preserve the bush tax cuts for everyone or just for the middle class and let taxes go up on the wealthy. it is a political hot potato headed into november, not one that the democrats now say they want to touch before you go to the polls. however, what they did back, a small business bill, $30 billion, a new fund to help small businesses get loans. this was mainly a democratic issue. the idea here is that if businesses have more cash, they ll hire people, buy equipment, expand and help pull this economy out of a slump. the gop called it a bailout. their plan is their new pledge to america. a government that s too big is someing they say they want to get rid of if they are elected in november. they also want to expand tax cuts and several other measures that they say when they are elected, if they are elected in november, they will implement. amara. tr
yesterday, divided democrats punted on a serve to move to after november. incomes s tracie potts joins us with the latest. good morning, tracie. reporter: good morning. the international is confirming what we heard from nancy pelosi and the house, they will not deal with the tax issue until after november s election, after you go to vote. senate majority leader harry reid say they go sat down with democrats in the senate but couldn t work out an idea of how they would proceed with this in the senate. the idea here is whether or not to preserve the bush tax cuts for everyone or just for the middle class and let taxes go up on the wealthy. it s a political hot potato. not one democrat seems to want to touch this before everyone goez to the polls. they backed a small business bill, now going to the president s desk. $30 billion to set up a new fund for small businesses to get loans so that they can expand, so they can hire people. the gop called this a bailout and they ve got
small business legislation cleared congress yesterday. however, divided democrats punted on a vote to preserve middle class tax cuts until after midterm elections in november. nbc s tracie potts joins us from washington with the latest. good morning, tracie. amara, good morning. what to do about taxes? the senate has confirmed what the house said, that this is not going to happen before you go to the polls in november. senate democrats got together, but could not agree on how to move forward. the issue is whether or not to preserve the bush tax cuts for everyone or just for the middle class and let taxes go up on the wealthy. it is a political hot potato headed into november, not one that the democrats now say they want to touch before you go to the polls. however, what they did back, a small business bill, $30 billion, a new fund to help small businesses get loans. this was mainly a democratic issue. the idea here is that if businesses have more cash, they ll hire people,
today we begin with global warming. president obama will address the united nations general assembly today where he ll talk up steps this nation has taken to strengthen its global ties. he will urge the partnership to work towards goals such as economic crisis and peace in the middle east. michelle franzen is live for us in new york. reporter: good morning, amara. certainly the president s speech will focus on what he talked about last year and rebuilding a lot of the international relations following the bush administration s foreign policy. but many of the same issues are still president is still facing with foreign policy agenda, including much in the middle east. of course, combat units in iraq left there at the end of awl august, but still, about 50,000 troops remain in iraq, training security forces there and in afghanistan, troops, of course, have been increased along with the attacks by insurgents. and certainly talks, peace talks for the middle east twin israeli