about a smooth ending to the debt limit debate it seems to have evaporated. chief white house correspondent ed henry is here with the latest administration warnings. good evening, ed. good evening, bret. wall street analysts keep saying the government has more cash than expected and can make it past the august 2nd deadline and keep going, but actually the treasury department today said that tax receipts in june and july were normal, so next tuesday the government hits the wall. white house spokesman jay carney are scoffed at suggestions the august 2nd deadline is artificial and warned the country to brace too the worse. that deadline is hard and fast. there are no offramps. they don t exist. some republicans are still not buying the administration s claims, suggesting both parties are on a collision course. i think the president really wants a crisis, so i think he s going to let this thing go right to the brink. that skepticism led carney to suggest a bigger market meltdown
the dow down almost 200 points around all the debt discussion in washington. the front page of the wall street journal, markets swoon on debt fear. plus a day after republicans invoked ben affleck movie the town in the debt debate, the white house raises the stakes going with sophie s choice. we ll have the latest on the ongoing imdb fight a bit later. but first let s get to the news, here at 30 rock in new york city. with just five days to go before the august 2nd deadline, the house is expected to vote today on speaker john boehner s plan to raise the debt ceiling. house republican leaders also plan to hold a news conference later today to talk about that vote. it comes after boehner released an amended version of his bill which originally was questioned by the nonpartisan congressional budget office, but now cbo says boehner s revised proposal will cut deficits by $917 billion
debt limit debate it seems to have evaporated. chief white house correspondent ed henry is here with the latest administration warnings. good evening, ed. good evening, bret. wall street analysts keep saying the government has more cash than expected and can make it past the august 2nd deadline and keep going, but actually the treasury department today said that tax receipts in june and july were normal, so next tuesday the government hits the wall. white house spokesman jay carney are scoffed at suggestions the august 2nd deadline is artificial and warned the country to brace too the worse. that deadline is hard and fast. there are no offramps. they don t exist. some republicans are still not buying the administration s claims, suggesting both parties are on a collision course. i think the president really wants a crisis, so i think he s going to let this thing go right to the brink. that skepticism led carney to suggest a bigger market meltdown may be coming. if they re s
attempted fraud or extortion. and the hotel behind the sex assault made against dominique strauss-kahn is meeting with prosecutors. the maid recently spoke with the media challenging doubts, she insists the former head of the international monetary fund assaulted her. we ll keep you updated as we hear more. jon: right now house republicans are meeting behind closed doors trying to decide what happens to the boehner plan that would raise the debt ceiling but also lower the deficit. one man who remains optimistic some kind of a deal can be struck before the august 2nd deadline, arizona congressman david schweikert of the house financial services committee. congressman, you have said that you think the white house is being disingenuous when it talks about some of the things that will happen august 2nd if there isn t some kind of a deal.
about a smooth ending to the debt limit debate it seems to have evaporated. chief white house correspondent ed henry is here with the latest administration warnings. good evening, ed. good evening, bret. wall street analysts keep saying the government has more cash than expected and can make it past the august 2nd deadline and keep going, but actually the treasury department today said that tax receipts in june and july were normal, so next tuesday the government hits the wall. white house spokesman jay carney are scoffed at suggestions the august 2nd deadline is artificial and warned the country to brace too the worse. that deadline is hard and fast. there are no offramps. they don t exist. some republicans are still not buying the administration s claims, suggesting both parties are on a collision course. i think the president really wants a crisis, so i think he s going to let this thing go right to the brink. that skepticism led carney to suggest a bigger market meltdown