Forward, we will talk to the alaska senator and the chances of a deal coming soon. Once upon a time, there was a House Speaker and a president who could dine together and cut deals. It wasnt that long ago. Todays leaders can learn from tip and the beginner. Welcome to washington. Today we recognize columbus day. Its the daily rundown and lets get to the first read of the morning. Three days until the country hits the Borrowing Limit and we had another wasted weekend. Just as difficult as knowing when it surrender. Republicans are frustrated because they believe democrats are not ready to accept their conditions. The senate talks broke down after they rejettinged a plan drafted by Susan Collins gaining a bit of momentum. Susan colins is one of my favorite senators, democrat or republican. The plan she suggested and i have seen in writing is not going to go anyplace at this stage. I was very surprised when senator reid said that. I dont know why he said it and the fact is we have a responsibility to govern. We are continuing to talk. Collins proposal would have funded the government at sequestration levels and required former negotiations to extend the debt ceiling through the end of march and move back to january. It included a few sweeteners. The repeal of the tax. They wanted to tighten Income Verification rules for the health care exchanges. They suggested for the timeline for funding that moens the second round of sequestration cuts would have gone into effect. They want the sequestration to last through midnovember and before they give the gop anything on health care, they expect a larger spending number. After Mitch Mcconnell made it clear he would accept the plan, he blamed reid for walking away. They all pushed back this a statement disputing a bipartisan deal was accepted if reid would accept it. The minimum demand with no Strings Attached should not be counted as concession. They are not doing us a favor by opening the government. They are not doing us a favor by the debt ceiling. This is not a concession. Senate republicans believe democrats could threaten a deal by getting greedy with the terms of surrender. Our democratic friends keep moving the goal post thinking they are winning and saying what they thought was weakness also moved to the place. They tried to humiliate republicans and things change in american politics and i know what its like to be in the minority and majority and it wont be forgotten. One, the senate does come to the rescue with the proposal the most likely vehicle for a deal. But changed around quite a bit or two, if negotiations in the senate collapse say by the end of tomorrow, Speaker Boehner simply puts a clean debt ceiling extension and attaches it to the bill he has from the senate and puts it on the house floor and allows them to pass them. Those are the two realistic ways out. The only certain way is default. Boehner and congressman ryan might have been offering democrats a better deal than collins put on the table, getting rid of spending levels in exchange for entitlement changes and cuts, but they have House Republicans that fell apart because of trust issues. The white house doesnt trust boehner to deliver the vote and reid wont accept anything they offer. Frankly even if its a mothers day resolution. Thats how bad things are between boehner and reid. Any deal they cut with House Republicans wont be acceptable to their own base. While the nontea Party Republicans are trying to end the standoff, the tea Party Republicans are doing everything they can to keep it alive. Ted cruz and former Alaska Governor sarah palin decided to go to a rally at the world war ii memorial. Feuding protesters clashed with police every time nontea Party Republicans explain, they may have these folks to blame. Our vets have proven that they have not been timid. So we will not be timid in calling out any who have used our military, our vets as pawns in the political gain. Why is the federal Government Spending money to erect barricades to keep veterans out of this memorial . Our veterans should be above politics. Enough games. You have to laugh when you hear him say enough games considering how we got into this mess. The idea that they created the shut down by demanning the Health Care Law be delayed are sparking outrage. Thats not the definition of irony, i dont know what is. Ted is calling for the end of games. A rich solution to the standoff. The spending victories of the last two years are victories for the gop and should declare that and move on. The pressure from is not going to give boehner or connell any cover from its one more example of how the tea party has been a net negative for the republicans post 2010. Gave them the enthusiasm to win the house and whats it done since. Members of the senate manage to make a deal or should the country default on the debt for the first time in history . He serves on the appropriations committee. Good morning to you. Thank you very much. That was great analysis and it seems like 48 hours. Is it as wasted as it looks to me . I dont think so and heres why. A lot of people were talking even though it was an up and down weekend. A lot of discussion and whats the right move. The fact is that democrats and republicans are talking. Americans would love to see it resolved and discussions run back and forth. The discussions are respectful and we need to keep that in mind. Its an important part of getting them back to work. What part of the plan can you accept . The biggest challenge is you look at the dates. It seems like and i know you have been watching politics for a long time, it seems like all we do is start and go, start and go and stop and then we stop and never get going on a longterm deal. We just extend to january, we will be back in the middle of this. Why dont we bring forward all the Appropriations Bills and lets have the knock down debate over that and lose the bills and be done with the years budget. I have concern over the shortterm aspects. It is disrupting the markets and Small Business people. Think about it. Every day you came in. I understand it, but let me stop you there. You cant work out a large budget deal in the next 48 hours. You have to avoid default. I agree, but if you sit here and say well, we are going to come up with another plan to keep it for a few more weeks without a longterm decision saying we are going to have a decision for the longterm budget and appropriation bills, we will never get it done. The fact is i had a hearing last friday. I had crabber who is cant get the firm in. This is ridiculous. I hear what you are saying. Not that we had since early spring. We had a budget proposal. This whole idea that i heard, i couldnt see the visual. Thinking there will be pay back and lets get over the politics and get on with the show. All of us have to give a little. Shortterm doles are destructive. I get it, but you passed a shortterm deal already. I understand that, but thats a shortterm deal. The white house wants to get this past the holiday because of concern of economic and Consumer Confidence into the Holiday Shopping season. Thats one part of the plan they liked that it takes you into january. Do you think january is too short . Think about it. In january we are off at the end of the year for christmas and dont get back to the 6th or 7th or 11th. Martin luther king day. It gets messed up into that process of time. I think we need to extend it out further so there is a Better Process here. This again is a ridiculous way to do the business. I hear you, chuck. Can you not get a longterm deal here . The answer is you could. If people sit down and will have to give a little. Thats the way it works in alaska. There was an article in National Journal about how ted cruz never reached out to you. He never reached out and sat down. Let me ask you. Are you open to delaying the individual mandate as to thatting among the proposals that mike and ted cruz are pushing . Are you open to delaying the individual mandate a year . No, im not, but i have four or five proposals about how to deal with the Health Care Law that z imperfectihave imperfect need to be fixed. After all those hours on the floor, coming from a red state democrat, i work with a lot of republicans are many issues. For some reason they didnt want to walk across the aisle and saying heres ideas for you. Lets open the government and get the nation to default and im happy to do it. Look at the imperfections and see where they can fix it. Thanks for coming on this morning. Coming up, things from the other side of the aisle. Roger wicker will be here to talk about what he sees as the Sticking Point and what he is willing to do to get it done. How senator connells Tea Party Trouble and battle in kentucky is changing the game on capitol hill. First a lock at the politics planner. A big columbus day parade is a political fest. Everybody is going to make sure they march carefully in that. At some point will we stop celebrating columbus day . Something to think about in a helped ye hundred years. Well be right back. My mantra . Trust your instincts to make the call. To treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditions and medications. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about the only underarm low t treatment, axiron. Even when we cross our ts and dot our is, we still run into problems. Thats why Liberty Mutual insurance offers accident forgiveness if you qualify, and new car replacement standard with our auto policies. So call Liberty Mutual today. And if you switch, you could save up to 423. Liberty mutual insurance. Responsibility. Whats your policy . [ female announcer ] only aveeno daily moisturizing lotion has an active naturals oat formula that creates a moisture reserve so skin can replenish itself. Aveeno® naturally beautiful results. If washington cant reach a deal on the debt ceiling, wall street might force the issue. Features are down tripledigits and the closer we get to thursday without an agreement, the more pressure the markets are like low to put on washington. Roger wicker is the republican deputy and a member of the budget committee. Good morning to you. Happy columbus day to you, chuck. Let me start with the status of the talks. What part of the plan do you not like and what part do you think you can accept . I like the collins plan, but im reluctant to negotiate in public. I think we have a process going between the Senate Leaders and im hopeful we can have something meaningful by the end of the day. I like repeal of the medical device tax better than delay. I think we are in the ballpark. Its real iistic and involves snag is worked from. What is unrealistic is this idea of exceeding the spending caps. If that is part of what harry reid is asking for, we are in for a long seat. If defunding obama care is an overreach for republicans, exceeding the spending caps that have lowered spending for the First Time Since the korean war. That is a nonstarter. Explain this to me. Explain to me about january. You have 988 which the Senate Democrats agreed to. My guess is the white house it sounds like are part of the collins plan. They wanted to stop it before sequestration kicked in. They wanted to see if there was room to negotiate. Why not do this until midjanuary and use that to negotiate what you top the do on spending. Why is there a health care thing on the laws stuck to them . Let me turn that around. We have fine votes in the United States and to repeal the medical device tax and not delay, 79 senators, republicans and democrats voted to repeal the tax. It is not going to work. It is not popular. Where do you get the money you lose on the medical device tax . There a number of revenue enhancers and papers that can come out of the budget exitee. Thats not a problem. The problem is that there seems to be giving anything on obama care even something 79 senators have voted for on a test basis. Do you understand why democrats think why should they give into anything for something that is temporary and wait to negotiate on a larger deal . I can understand as the debating point or negotiating point, i understand that. The fact is the government has been shut down for almost two weeks and people are hurting. There sweet spots. The republicans and democrats agree on. We need to get past this. Let me reiterate a clean cr. A spending cr that reopens the government and that means keeping current law. Thats the sequestration budget caps. We want to move that around. Im all for going to the budget conference, but we will not agree to anything that has been those hardearned savings we got in 2011. Its the minimum to you. If thats all that got out of that and clean lebt limit while you had the larger negotiation, sounds like you support that. I am a deputy and i want to give the leader all the room he needs and i am declining at this point to negotiate with chuck todd on that. I like the out lines of the collins plan. I think she is headed in the right direction and i appreciate the senator helping with that. Sorry this going to happen before wednesday . I hope so, but listen. If we go past wednesday, its not a default. It is going past a deadline. We will not default any time soon on the debt. Republican. Senator roger wicker, thank you for coming on this morning. More first read up next. The deadline. What does it actually mean . The u. S. May run out of money to pay their bills. When will we feel the default fallout . We will explain. Our friends simpson and bowles are back. They have a new ad out. Wait until you hear this running in kentucky. How many current senators were serving in the senate the last time there was a government shut down. The first person to tweet the correct answer will get the on air shout out. Bl who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Back with a little more first read. We are three days away from the unprecedented and potentially catastrophic default. The biggest impact will not come on october 17th, but unfold over the coming days and weeks. Lets make this clear. Thursday is not the day the u. S. Defalls, but the day after the u. S. Will have just 30 billion left in the cover to pay bills with no ability to borrow more. The governments daily spending to be as high as 60 billion and whats more, some big bills are coming due. Wednesday the u. S. Will host 12 billion. The first three such payments over the next month. You have federal employees owed 3 billion in salary. Those kinds of payments would amount to a technical default. On october 31st, 6 billion in Interest Payments are due on debt, failing to pay off creditors is that could do major damage to americas financial standing in the world. The u. S. Might be able to pay that if it gives the other payments. As the senator said, even if we pass the deadline, its not a technical default. We bring in 250 billion a month and have 20 billion in Interest Payments. There is no reason ever to default and a good leader would say we will never default. We should never miss a payment. Not raising the debt ceiling means you have to balance your budget and not default. Jack lew said picking and choosing what bills to pay is default by another name. On meet the press, the managing director said it wont prevent damage to americas good name. Creative accounting is not the solution. Markets know that. The counterparts to the United States know that. You have to honor the signature. You have to give sovereignty to the rest of the world. Whether or not you can last until november 1st, the u. S. Seeps certain to run out of money at that point. Period. 67 billion of bills are due from the military salaries as well as Social Security. 12 billion more is due on november 13th and we will owe another 30 billion november 15th. A payment so large it would likely be impossible to cover. While we should point out there is a reason its hard to pin down, because of the amount of money varies by the day. The president may be as low as 3 billion one day and higher another. Thats the reason its hard to nail down. It never happens. Analyst and Political Editor for the grio. The chief correspondent for the Washington Post. Welcome, all. We have a little tv ad i want to play. Is a tv ad and first with simpson bowles. Let me play a little of that ad. For crying out loud, who is not fed up for whats going on in washington. These politicians are playing games and jerking our country from crisis to crisis. Its going to take real political courage to focus and work together. They are not the only ones who