Harvey, Illinois ARP relief dragged into pension fund conflict
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political brinkmannship. october 17th is not the drop dead date. there are no payments due for a couple weeks. now, the white house has a different view on that. and we may be hear something of that from president obama and treasury secretary jack lew who are scheduled to meet later today. while the white house has been inhad thing that the treasury department may go into a process they call here in washington a prioritization, picking and choosing which bills to pay. a senior administration official did tell cnn last night they are hopeful if a senate deal starts to come into shape and it appears that the house will take a loaning at it and pass it, get it to the president or if that happens in the reverse order, that perhaps they won t have to go into that process and they re hoping that the markets will remain calm during all of that unfolding. but of course, kate, there is a long way to go. we started out with a lot of hope yesterday and it didn t end
blocked it. this is the only proposal on the table that accomplishes the goals we set out to do. i can t vote for a bill that only cuts $1 trillion. reporter: boehner will try again this morning. he is not giving up. we need to try to find a way to pay the nation s bills and do it in a responsible way. reporter: what s next? today the treasury department may introduce an emergency plan. some lawmakers say it s time to abandon deficit reduction and focus only on extending america s borrowing. a clean debt ceiling vote and then continuing on with this conversation, or failing that, 14th amendment option is what s in front of us. reporter: the 14th amendment allows the president to protect america s debt. it does not specifically say it can raise the debt ceiling on its own, and the white house is reluctant to do this. tracie potts for us in washington. tracie, thank you for that report.
goals we set out to do. i can t vote for a bill that only cuts $1 trillion. reporter: boehner will try again this morning. he is not giving up. we need to try to find a way to pay the nation s bills and do it in a responsible way. reporter: what s next? today the treasury department may introduce an emergency plan. some lawmakers say it s time to abandon deficit reduction and focus only on extending america s borrowing. a clean debt ceiling vote and then continuing on with this conversation, or failing that, 14th amendment option is what s in front of us. reporter: the 14th amendment allows the president to protect america s debt. it does not specifically say it can raise the debt ceiling on its own, and the white house is reluctant to do this. tracie potts for us in washington. tracie, thank you for that report. last night on hardball,
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