cantor s bank account. that s our con job of the day. the lead negotiators and talks to raise a debt ceiling until he stormed out in a huff last week saying he wouldn t agree to the tax increases. well, that s what he claimed was motivating him. well it turns out that cantor also has a personal stake in the debt fight. cantor s records show he has up to $15,000 invested in mutual funds that shorts u.s. treasury bonds. that means if the debt limit isn t raised and investors stop wanting treasury bonds, cantor s investment would see a profit and funds thrive off of uncertainty. since cantor walked out of the debt limit talks, the fund is up nearly 7%. nice profit there. cantor spokesman says the congressman has a balance portfolio and also invests in treasury bonds. quote i don t think someone negotiating the debt ceiling should be invested in this kind
daytime. at night, they re pretty rigid about it. i have noticed that they have a habit of letting things slide by two, three, four minutes at a time during the daytime events. they assume that these are driven more on the constant news cycle and they have the leeway. chuck todd at the white house, let s go across town. we want to talk a bit as we ll stay on the picture of the doors and go to the white house when the president enters the room, obviously. our deputy washington bureau chief ken strickland, ken, talk about the taxpayer impacts of the debt limit talks. the folks in the audience, dialed in, engaged watching the news conference. what should they listen snr what will the signals be? how are people going to be impacted by the debate going on? i mean, i think the key thing to remember is if they can t raise the debt ceiling, many americans will be affected
field questions on the stalled budget and debt limit talks. republicans insist there can be no movement until the democrats stop pushing for tax increases. we ll see what they have to say about that. two senators releasing a controversial plan to save medicare. it would raise the medicare eligibility age to 67. and increase out-the-pocket costs but it would also save about sorry, about $600 billion over 10 years. the senators admit it is tough medicine. nobody is going to like this plan. we understand that. but nobody wants the present medicare advantage and those that are absolutely dependent on it to not have anything. house minority leader nancy pelosi immediately blasted the plan as unacceptable. and newsweek finds an interesting way to celebrate princess diana s 50th birthday this friday by virtually bringing her back to life on
why didn t they do that weeks ago regarding libya? why didn t they get involved weeks ago in the debt limit talks? they are similar stories, waiting too late for the president and the cabinet to get in here. but it is politics, the republicans want the same thing. some criticized cantor forgetting out of the meeting and suddenly this is showmanship, right, theater season in politics. you wait. we will play our cards. and bring in the big guns. have the president come to the table. the speaker wents the president to be the leader. he says the american people voted for a new majority in the house with clear orders to end the spending in work. the american people will in the accept an increase in the debt element that is accompanied by job-crushing tax hikes and failed to dramatically cut and reform government spending. so, it is interesting because 60 percent of republicans, it looks like, will in the support any sort of revenue increase or tax
more on this news coming up. jamie: epic heatwave, roughly half of all americans right now are under a heat advisory. details on those hardest hit and what we can expect later in the week. we begin with this fox news alert from washington. president obama holding an emergency meeting at the white house today one day after house speaker john boehner pulled out of the debt limit talks and now president and congressional leaders are racing to strike a deal as the default deadline looms. our wendell goler from the white house has more details. wendell. reporter: today s meeting ended without an agreement to hike the debt ceiling and lawmakers left the white house without commenting to reporters and no indication the president would make an appearance in the briefing room. he had told congressional leaders to come here with a plan to extend the debt ceiling through the end of next year. house speaker john boehner said he was coming with his standard demand, that the deficit be cut mor