15 seconds that some of you watched around the country today. it s an important 15 seconds. thank you, sir. it was. thank you. breaking news to let you know. i.t. sources confirm the 43-year-old woman arrested in the hacking investigation is rebekah brooks. she s the 10th person arrested in the news of the world case and the questions about why and how the phone hacking of certain high-profile individuals has happened. we re just getting that information here to msnbc. we ll have a live report from london. stay with us. we set our goals higher than anyone.
grand bargain in line what needs done? part of the reason this knee option is so, you know, looks so good to a lot of the negotiators it would give them more time to identify those areas that they can enact spending use. $1.5 trillion is the first stage of cuts and these numbers would have to go back and huddle until the end of this year in order to find something more sweeping. so, it would buy them a little bit more time and avoid default which is something that everyone wants right now but one of the key questions is the process this would go through. many house republicans were furious about this mcconnell plan because it would give congress s authority to raise the debt ceiling to the president. a lot of them say we weren t elected to do that. plan c. this is an abdication of congress s role in the role. some have called at it pontius
200,000 african-americans fought in the civil war. 150,000 of them have been slaves before the war began. 23 of them won the congressional medal of honor. back to the debt crisis now, new momentum for an ambitious plan that would slash the debt by trillions of dollars. it s known as the grand bargain. there are republicans and democrats who want to to see that succeed. felicia is the lead offer of the post s two chamber s blogs. back to where we started the grand bargain. take us through this. richard, there are five days remaining until the deadline set by the white house for these negotiators to come to an agreement. what s striking is this grand bargain keeps being on again, off again. you saw by the end of last week the house speaker john boehner
close to zero. i think this is a lot of scare talk. the reason for that is think about it in these terms. the federal interest payments each month are about $25 billion. the federal government takes in $200 billion of revenues. many experts and myself including believe that the treasury department and mr. geithner would have the cash flow to make those interest payments and in my opinion that would be the top priority, obviously, to make sure that our full faith and credit of the united states is not put in danger. steve, if i can compare this. if i don t pay for my insurance but pay for my car payment, i haven t paid for my insurance so technically i defaulted on a payment. would the government not be doing that despite the fact it may not be on interest payments they are defaulting on other obligations. it depends. for example, there s a big difference between a treasury payment per a payment for a treasury bond versus a
23 of them won the congressional medal of honor. back to the debt crisis now, new momentum for an ambitious plan that would slash the debt by trillions of dollars. it s known as the grand bargain. there are republicans and democrats who want to to see that succeed. felicia is the lead offer of the post s two chamber s blogs. back to where we started the grand bargain. take us through this. richard, there are five days remaining until the deadline set by the white house for these negotiators to come to an agreement. what s striking is this grand bargain keeps being on again, off again. you saw by the end of last week the house speaker john boehner had shot down the idea in a saturday evening announcement by saying that house republicans just wouldn t go along with the idea to cut $4 trillion from the