senator rob portman, republican from ohio. new senator but long time veteran of washington. thanks for coming on. thanks for your views. up next, back to plan b. after weeks of talks, mcconnell s hail mary punt is looking more likely. does anyone win in this scenario? we ll dig into it with msnbc s very first guest. he s still ahead. plus the president was asked to come up with a plan. he did it, but will the final deal look anything like it? co-chair of the president s debt commission, erskine bowles joins us later in the hour. a look at the president s schedule, the news conference up top. you re watching the the daily rundown on msnbc. can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you re done.
jonathan, it s a fun little game to play. makes a lot of sense when you think about it both substantively and having fun in the grocery store aisle. good to see you. thanks. it s hump day panel time. we ll break down mitch mcconnell s hail mary punt and the latest news from the campaign trail and the obama campaign s fuzzy campaign map, why $86 million sounds better than it might be. first the soup of the day, it s tomato soup but we like to see roasted red pepper and tomato because it makes it sound fresher. it s warmed over gazpacho. all they did was heat it up, right? [ male announcer ] members of the american postal workers union
it s the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. mr. mcconnell said the day i was elected that his job was to try to see me beat. i ll have to explain how it is that we re going to avoid default because i m going to be president here for at least another year and a half. right after that interview, mcconnell unveiled this plan c. he would hand over to the president total authority to raise the $14.3 trillion debt
reduces medicare benefits in order to fund the protection of corporate tax loopholes. and we continue to say that. notwithstanding what may have happened in the past, we continue to say we have a responsibility for a balanced package. and many democrats will vote. in fact, all democrats will vote for a balanced package. but every time we talk about a balanced package, the republicans say no, not willing to negotiate that. let me ask you about this mitch mcconnell hail mary punt, whatever you want to call it, this idea to sort of reverse the way congress would work on this for the next two years, which is instead of a vote of approval on debt ceiling the congress would have to vote to disapprove of it. but in order to change the rules you ve got to get a normal vote of approval on that. can you support something like that as a last-ditch effort to avoid default? i m thankful senator mcconnell has come to the recognition that we cannot afford to default and we ve got to extend the de
the road. that s the shame of boehner s epic loss here is that he could have done something with obama that would have both raised the debt ceiling and reformed entitlements and gone a long way toward fixing the spending problem. that s not going to happen now. that still has to be a long-term concern for the markets. we don t know how it will end but it seems like wall street does everybody. josh green of the atlantic and columnist for the boston globe , how about that? been doing it for a while. up next, we ll get a check on wall street before the bell. apparently mcconnell s hail mary punt worked. how many times has flor been the most ee lek tore rich state to be a flipper from red to blue and blue to red with the previous presidential election? i ll have the answer and more coming up on the daily