will get a consensus within congress. look, pennsylvania is a big second amendment state, lots of folks own guns and have for generations, they don t think it s an infringement on the second amendment to do a three-minute background check to screen out the people who are dangerously mentally ill or violent criminals. we ought to respond to that. senator toomey, willie geist in new york. my question for you, and you face this uphill battle since you first introduced manchin/toomey years ago and you had your nra rating drop to a c at the time. sounds right. what is the resistance to this idea you re talking about? words in are the people that are preventing this from moving forward. the idea sounds common sense to a lot of people that there ought to be a background check on private sales, even on a sale at a gun show. what s standing in the way of that happening? well, i ll tell you, i think back in 2013 the argument that i heard the most was first of all
white house is almost more concerned about a rating drop than anything else because it would raise the amount of it would raise the rating on the amount of money we have to pay on interest on our own debt. exactly. every american not only would the government increase the amount it would have to pay but every american would see the effects in higher interest rates. that is the consequence which is maybe lesser than a default which would be a more sort of falling off the cliff kind of response, but still significant. the white house wants to avoid it and so do republicans, so do john boehner and mitch mcconnell because they know some of that will backlash against them. game of chicken who will swerve on the last second. john harwood, i ll see you at the white house in a little bit. congress is working overtime as the deadline for default approaches, but all is quiet on the white house front these days. will president obama stand by the veto threat on two of the debt ceiling. we
white house is almost more concerned about a rating drop than anything else because it would raise the amount of it would raise the rating on the amount of money we have to pay on interest on our own debt. exactly. every american not only would the government increase the amount it would have to pay but every american would see the effects in higher interest rates. that is the consequence which is maybe lesser than a default which would be a more sort of falling off the cliff kind of response, but still significant. the white house wants to avoid it and so do republicans, so do john boehner and mitch mcconnell because they know some of that will backlash against them. game of chicken who will swerve on the last second. john harwood, i ll see you at the white house in a little bit. congress is working overtime as the deadline for default approaches, but all is quiet on the white house front these days. will president obama stand by the veto threat on two of the debt ceiling. we
a democratic source telling it differently, saying the president challenged mr. cantor for what the source called talk out of both sides of his mouth . they ll be back at the table tomorrow. the stakes could not be higher. moody s today put america s credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? reporter: democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit and that had some of these various components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire group