congress to agent to act n. you know, we don t want to fal fall behind the curve, and itnc is important we not just take- the fault off the table, but we can start to make a change. so let me go at this a different way. a plan that would onlynly guarantee cuts and a debt iling into early next year? makes no sense.e and he was clear about about that, but let me explain why it is responsible. we started this process sevenrov months ago. were we are seven months later and running out of runway. i never thought they wouldy take it this close to the edge t and let politics get in the ihe billof demonstrating we will pay our bills on time. 2 has taken us six, sevenat months. the idea that we are going to spend another seven months lifting the cloud of defaultmeri from the american economy, it seems irresponsible and bad for the economy. we don t think that makes sense. there is no reason we have to do it that way.
the fault off the table, but we can start to make a change. so let me go at this a different way. a plan that would onlynly guarantee cuts and a debt iling into early next year? makes no sense.e and he was clear about about that, but let me explain why it is responsible. we started this process sevenrov months ago. were we are seven months later and running out of runway. i never thought they wouldy take it this close to the edge t and let politics get in the ihe billof demonstrating we will pay our bills on time. 2 has taken us six, sevenat months. the idea that we are going to spend another seven months lifting the cloud of defaultmeri from the american economy, it seems irresponsible and bad for the economy. we don t think that makes sense. there is no reason we have to do it that way. here is what we don thes w understand. u i understand trying to get past 2012.o you don t want to do this d again. there are also political
that s right, this game is up 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
today saying that the president would veto that if it made it to his desk, and carney saying that bill would doubtfully pass the senate, but the president said in the remarks last night he does support the plan put forth by reid which would of course, decrease the deficit by $2.7 trillion and raise the deficit through 2012, and here is what press secretary jay carney had to say about the reid plan earlier today. it is a legitimate compromise measure. we believe it could pass the senate and the house if folks gave it a fair shake, and we appreciate senator reid putting it forward. the fact that there remains confidence in the world that washington will at the last hour get its act together and do the right thing is a good thing, because we always have, and we believe we will. and carney there talking about confidence. it is also in part a reference to the markets which as of right now have not really reacted to
plans to do before the financial markets open in asia from the top republican negotiator, speaker of the house john boehner. geithner and boehner only on fox news sunday. plus, what happens if there is no deal? will there be a market meltdown? who will get the blame? we will ask our sunday panelas about the political and policy realities, all right now on. fox news sunday. and hello again from fox news in washington.riel it is now nine days andhing counting until the u.s. hits the debt limit. with the collapse of talks about a grand bargain, can the s nation s leaders come up with a last ditch plan to raise the debt ceiling before august 2nd. t we will talk with speaker john n boehner in a moment. key now there is another key figure at the center of the talks. g treasury secretary timeith geithn. fonews welcome to fox news sunday. good to see you. the republicans areorkg o working on a two-stage plan