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Transcripts for CNN CNN Newsroom 20131015 13:41:00

nearly bled to death when i excuse me, nicked myself shaving because i m taking blood thinner, i m doing pretty good. erin mcpike, cnn, washington. george h.w. bush has had his own medical scare this year. he is currently confined to a wheelchair. brutal firefights of the afghan war and refused to leave anyone behind. he was completely under control of the whole situation. he knew exactly what had to be done and when. all new at 10:00. now retired army captain about to become the sixth living recipient ever of the medal of honor. out numbered, out gunned and we have taken casualties. william swenson on the battle that earned him the award and how he says it went all wrong. that s ahead in the next hour of newsroom. la s known definitely for its traffic,

Transcripts for CNN CNN Newsroom 20131015 13:24:00

which is out of control spending. okay. so maybe we should focus on out-of-control spending. i don t think any american would disagree with you there. but should those issues be tied to the debt ceiling? or should we, you know, talk like grown-ups in the halls of congress and come up with a budget, which we haven t had in five years? well, carol, we are where we are. there s plenty of blame to go around in washington, d.c. i hope that this deal goes months that we have before we ew reach our next big deadline will be focused on a thoughtful and comprehensive entitlement reform plan that will have bipartisan support. that s what fix the debt is all about. that s where we want the focus to be the next two months so that no one ends up coming to the cliff again with another small ball deal and not really traesing the great threat to my grandchildren, to millions of

Transcripts for CNN CNN Newsroom 20131015 13:31:00

together to avoid default. christine romans is live in new york with more about this. good morning, christine. good morning. this is, you know, what have you done for me lately. that s exactly what this is, the dow up 525 points over the past four days, carol. they need to see real progress. they don t need to hear more about the process of what s going on in washington. they really need to see the result. and we re getting very close to this october 17th deadline here. they want to see something done over the next few days for sure, to make sure that we re not sending signals to the rest of the world that we don t have our act together. oh, wait, we ve already been sending those signals around the world. they want to show that we have solidarity in washington to get our problems solved. until you get your actual deal, it will be rough sledding here. you could see volatility as the market trades on different headlines one way or the other out of washington, carol. christine romans,

Transcripts for CNN CNN Newsroom 20131015 13:02:00

experienced capitol hill brawlers, senate majority leader harry reid and minority leader mitch mcconnell may have found the path to budget peace in washington. we are not there yet, but tremendous progress and everyone just needs to be patient. reporter: both men shared the news on the senate floor that they are close to a deal that would both reopen the government and raise the nation s debt ceiling before potential default in less than two days. i think it s safe to say we ve made substantial progress and we look forward to making more progress in the near future. is there a deal? reporter: but as vice president joe biden indicated by staying mum on the subject, it s not over yet. here is how the deal would work. the government funded through mid january. the debt ceiling, extended to early february. in a nod to gop opposition to obama care, changes to that law are also under consideration. including new income verification requirements for health care subsidies. those are

Transcripts for CNN CNN Newsroom 20131015 14:57:00

it is circled on the calendar and scarily at the center of the debt debate. thursday is the last day to avoid potential default. what happens if washington fails to hammer out a deal in time? are we really facing doom and gloom? christine romans is in new york to tell us. reporter: carol, here we are talking about whether uncle sam would pay its creditors or grandma her social security check. and just the discussion, the shutdown and not raising the debt ceiling has already hurt the economy to the tune of $20 billion. they say $20 billion is already the hit that we have seen. now that could be temporary and reversible if this doesn t go on

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