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the president made clear, he wants the largest deal possible. he wants to do the most we can to reduce the deficit. that would be the right thing to do for the american people. he made it clear, he s willing to go into areas that he s not in the past been comfortable going into, and others but he used that good morning. it is 8:00 a.m. on the east coast. as you take a live look at new york city, welcome back to morning joe. i m peter alexander, sitting in along with mike barnicle in boston. and back with us at the table are pat buchanan, jonathan capehart, ed rendell, and harold ford jr.. good morning. we begin now with the debt crisis. it is a new week and that means there are new efforts in washington to try to make a deal on the deficit. both houses of congress are now rolling out separate compromise plans in a bid to stave off the u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell to craft a solu
portugal, ireland and italy. we haven t got a concrete view yet, main stream view, which will prevail. it s a tense time building up to that thursday meeting. steve sedgwick in london, thanks. efforts in washington, d.c. to make a deal on the deficit. both houses of congress now rolling out separate compromise plans in a bid to stave off a u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell, to craft a solution trying to appeal to both parties. according to reports, though, the proposal would allow the debt ceiling to be raised three times over the next year for a total of $2.5 trillion in exchange some $1.5 trillion in spending cuts would be enacted. and the plan would also establish a congressional committee to identify new deficit cuts. but the proposal is already getting a luke warm response
move forward on this? the german, the pay masters throughout europe, are very concerned that once again the buck will stop with them and they will end up paying disproportionately large amounts to bail out not only greece, portugal, ireland and italy. we haven t got a concrete view yet, main stream view, which will prevail. it s a tense time building up to that thursday meeting. steve sedgwick in london, thanks. efforts in washington, d.c. to make a deal on the deficit. both houses of congress now rolling out separate compromise plans in a bid to stave off a u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell, to craft a solution trying to appeal to both parties. according to reports, though, the proposal would allow the debt ceiling to be raised three times over the next year for a total of $2.5 trillion in exchange some $1.5 trillion in
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