on democratic votes. we don t know where they are going to fall out because of the progresses and liberals. on that front, the progressive caucus. 70 house members, in the senate, announced this caucus is opposing the new deal because of no tax increases. house minority leader charles said this about the deal . we will have to take a look and we may not be able to support it or none of us will support it. we are open to what comes down and the stakes are high . and some of us might not or none of us might support this bill. if it is none, let the house democrats oppose the deal and have default on their head because that would be the result and i think it would be ragger difficult for the
frequency, we re going to be close to shutdown from now on. that s the purpose of this trigger in theory, and this punishment, if this committee can t get it done that the circumstances are so dire for both parties, hey, you know what? we ve got to get this one done. let s see if that turns out to truly be a balanced trigger unless they have a deal that shapes up on this question, the speaker from my reporting, he has really strengthened his hand and shown the people, even that can t vote with him. he s been honest throughout the negotiations and what he says to them behind closed doors is what he s doing with the other negotiators behind closed doors when they re not there and they trust him and he probably pulls out, in the leadership population, at least 100 votes and then another 40 people and they want to avert default and i think he s going to get more democrats than republicans. let s play out, let s say the senate passes with 75-25. the house, what s your number?
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tax increases. there will not be tax increases in this proposal. early tomorrow, the progressive caucus is going to join forces and have a new s conference demanding that they deal with the debt ceiling issue on its own . white house aids are trying to shut the door on that entire option. but the progressive caucus and black caucus is not happy with this president and combine that with trouble on the right. you mention about defense cuts, this could blow up the entire deal. talk about how a potential deal affect the markets here and over seas. i am pleased to be joined by neal cavuto . managing editor of neal cavuto. so far, the futures and not a guaranteed market finish . the dow futures are up 153
obligations are paid. the state treasurer said failure to raise the federal debt ceiling could throw credit markets in turmoil and he didn t want to risk paying more in interest. the economist said securing the loan now was a smart move . all you can do is act on the information you have at one time. the future is uncertain with the federal government resolution . he was wise to do it. the state got a low rate from wells fargo and citigroup and other financial institutions . if we pay it back in november or sooner, it is a few million in interest for 5.4 billion is a good deal. it is ironic when california hammers out a solid on time budget for the first time in years, the state faces potential harm because of grid lock in washington.