and i want to say that you ve taken hundreds of billions of dollars out of people s 401(k)s, their retirement funds, kids schools, and you can thank the tea party. absolutely not, bob. it has nothing to do with it. when the boehner plan was supposedly going to be voted on yesterday, then they tabled it, remember that, last night? yes. this morning we woke up, they were buying our treasuries, which means interest rates were going down. nothing to do with this debt talk that s driving the economy into the ground. tea party has replaced bush for the blame for everything now. have you noticed that? yeah. if the tea party wasn t around holding this thing up, do you think the markets would have gone up? can i point something out? obama passed joe biden with dealing with this situation back in the spring. they knew this was coming. they failed to act. the reason this is way down to thewire, and it s not the tea party s fault. boehner could not sell it to
house vote or and if it goes or doesn t go? well, the next 24 is rapidly turning into debt talk with andrea and chris. we are talking again about the debt, and we expect though, and expect is a keyword in the negotiations where so much is changing every minute, but we expect jonl boehner the bring up the two-stage plan in terms of trying to get the debt ceiling extended six months, and the second phase being the larger set of cuts. do you take seriously this warning from jim gordon that they don t have the votes or well, i was just and the 117 or whatever they need? well, i was going to cite jim jordan the head of the republican study of conservatives in the house, and you take it seriously and start from the belief that there are 20 to 30 members of the michele bachmann category who simply will not vote for anything that raises the debt ceiling. already there, they are down to 200 and assume it is 20, and
doesn t go? well, the next 24 is rapidly turning into debt talk with andrea and chris. we are talking again about the debt, and we expect though, and expect is a keyword in the negotiations where so much is changing every minute, but we expect jonl boehner the bring up the two-stage plan in terms of trying to get the debt ceiling extended six months, and the second phase being the larger set of cuts. do you take seriously this warning from jim gordon that they don t have the votes or well, i was just and the 117 or whatever they need? well, i was going to cite jim jordan the head of the republican study of conservatives in the house, and you take it seriously and start from the belief that there are 20 to 30 members of the michele bachmann category who simply will not vote for anything that raises the debt ceiling. already there, they are down to 200 and assume it is 20, and they are down to 117 and any
people have been killed in two separate attacks in norway. police there say these two attacks are, in fact, linked. still a developing story. we ll have the very latest for you live in just a moment. we need to begin in washington, d.c. with that looming deadline on the nation s debt. you may have missed this last night but it was an extraordinary night in washington, d.c. the president and house speaker john boehner each holding news conferences, calling each other out for the break down in the debt ceiling talks. where are we right now? we talk about the debt ceiling needs to be raised but we actually hit the debt ceiling back in may. we hit the limit. the treasury secretary has been doing interesting math. his ability to move that money around runs out on august 2nd. what demonstrate want to do in order to get a deal on the debt ceiling they want to do away with some tax cuts and loopholes as larger control of this deficit. republicans say that s raising taxes. they say sp
to be severe. welcome to your money. i m ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nation s bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he won t support deep cuts without increases in taxes. if you re trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and is not going to be something that i would support. david gergen is cnn s senior political analyst. david, there was a time when republican house speaker john boehner and president obama both talked of doing something big to change america s unsustainable economic path. what do you think? do you think that opportunity s lost? well, a week is a long time in politics. it can be a lifetime. i think what s now clear is that the big de