secretary of state john kerry is in caro. our washington correspondant james rosen is it traveling with secretary of state ker i and james, is stiantor - secretary kerry expected to tell president morsi. greetings from caree. we are awaiting secretary kerry and may be hustle indeed his motor cade en route. high made it clear what he will tell the egyptian president when they meet he will insist or recommend morsi institute economic reform necessary his country and that will not make him popular here. thatthere is a great deal of unrest. he will have to reduce subsid ies in order to secure a big loan with 4.8 from the ims
system for years to come. no amount of planning or prepation on our part no matter how thorough or careful can mittigate the impact sequestitration would have. we are less than two weeks away from the across the board budget cuts known as sequestitration. this week they held hearingings about the reality of what those cuts would mean and so far they haven t come up with a plan to stop it joining us now is scott brown. stiantor good to see you today. good afternoon. you have been there on the hill in the midst of the negotiations and conversations about the issue of sequestitration. what are your hopes looking from the outside in that anything happens before the march 1st deadline. it is important to explain to people what sequestitration is and why we did it. remember the credit rating agencies were going to downgrade which they . and we are on a verge of
and harry reid. there is one mange sticking point. senate democrats wanted to use the revenue from where the thres hold is debt. not get rid of debt but use that extra money to pend actually. stiantor john kyle who is retiring, said the number of the spending is 600 billion and estimates new revenue from taxes will be same. what happened yesterday afternoon, there was a break down between harry reid and mitch mcconnel, and mcconnel sat down with the joe biden. maybe it is good cop and expect joe biden to be there to hammer out a deal between