course, but there is still a chance that may prove the best w way to get the votes.ker ds t the president believes it framek would be the best thing to do, but we have other options. you keep bringing up theinp grand bargain.. again, the president of the united states believes that the best thing we can do forcan the economy is to put in placeut now a comprehensive balance set of savings tax reform thatrt can demonstrate to the world we can get our fits cal househo in order.ha fiscal house in order.ng we will try to understand how to get it back in order andure get americans back to work.mnd g i know you won t talk abouto. this, but i will ask you aig straight question and i am ans counting on a straight answer.e the president said he is talking to you about what saw just ment s may have to be in the made in the case c of default.eu your office announced you immediate you met withf bernanke and the federal reserve on friday. what is your plan for default? our plan is to get
coverage with all of the angles of this developing story with msnbc s kelly o donnell, and kristen welker. i want to start with kelly. senate minority leader mitch mcconnell now saying he supports boehner s plan, and what does that mean for the reid plan? well, one of the things that we have been watching is what would mitch mcconnell say publicly, because he and majority leader reid had been working on the super duper fallback we were talking about a week or so ago, and for a while, he has allowed boehner to be the front man for this, and the comments that mcconnell made today are important, and what it suggests is that there are people in the senate who believe that the boehner plan must go first meaning that the house has to vote, and see where the votes actually end up, and that will determine what the senate can do. so, it was an important push today for the republican speaker john boehner to try to get his folks in line when mitch mcconnell said this. that is why we will cont
speaker boehner has proposed and that is why we will fight against anything that pretends to solve the problem, but doesn t. the majority leader proposed a plan yesterday that is nothing more than another attempt to pull the wool over the eyes of the american people. and thomas, what the minority leader is referring to is republicans are taking a look at some of the deficit savings that democrats are putting forward and saying that is not the kind of savings that they want to see. majority leader reid has put in his plan which would cut $2.7 trillion over ten years and the expected savings from the drawdown from the wars in iraq and afghanistan is how they are calculating what they can save and the republicans are not happy about that and that is where the divide is. the real fight right now is trying to see where the winds are blowing with what is called the boehner plan. we don t know exactly when that vote will be taken, because there is a lot of head counting going on and maybe s
there in harry reid s corner and boehners. boehner s got a problem. the cuts and the congressional office says he doesn t got it, it s $850 million only. these aren t radicals telling the tea party and republicans vote down the boehner plan as is. we were just showing the wall street journal plan, boehner plan faces rebellion, it cuts $850 billion. they have to get something together today and move it closer to the tea party, get the party united and roll it to harry reid. they called the package back after the ceo. he s getting screwed here, the cbo makes two comparisons in the study. if you look at them, it s $1.1
speaker believe that the best thing we can do is put togethe together a very substantial contribution to get getting our fiscal house together. house vow sayin -g it is stillhe alive? bargain i i wouldn t say it that way,st i would just say there are two approaches before us.hat there are the comprehensive balance, entitlement savings for the future with tax reform that would generate revenues and help us solve this problem. abou there is also talk about aor plan with senator mcconnelloth and senator reid put forward. in they would take default off come the table and put in place ary special committee with special powers and move legislation to m achieve that same outcome. are you can solve this in two off te ways. table. the two key things are we will take the fault off the table through the election, and wen will put in place a frameworkmek of tough reforms that forces congress to agent to act n. you know, we don t want to fal fall behind the curve, and itnc is important we no