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CNN The Situation Room October 7, 2013 22:23:15

Transcripts for CNN The Situation Room 20131007 22:23:15
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Government Shutdown , Debt Limit , Obama Care , Tea Party , Drivers Seat , Wolf Blitzer , Congressman Hensarling , Charlie Dent , To Be With You , In The House , Clean Continuing Resolution ,

CNN The Situation Room October 7, 2013 21:29:00

Explanation. thanks very much. wall street clearly worrying about the debt ceiling mess. nervous investors sent the dow down another 136 points today. the s&p and the nasdaq indices were also down almost 1%. so what s the answer to the shutdown stalemate, the debt ceiling dispute? joining us now, two members of congress. republican jeb hensarling of texas, the chairman of the financial services committee, democratic congressman steve israel of new york, he chairs the democratic congressional campaign committee. i just want to make sure both of you agree with that dire scenario, congressman hensarling, first to you, that tom foreman just laid out. do you accept that? oh, i think it would be quite dire for america to default on its bonds, on its sovereign debt. that s why house republicans back in may put forth h.r. 807, the full faith and credit act, to say that the united states cannot default on its debt. basically it takes payment of ....

Debt Ceiling Mess , Nasdaq Indices , Wall Street , S P , United States , Congressman Hensarling , New York , Steve Israel , Democratic Congressional Campaign Committee , Shutdown Stalemate , Debt Ceiling Dispute , Tom Foreman , House Republicans , Forthhr 807 , Can Not ,

CNN The Situation Room October 7, 2013 21:38:00

Unless the speaker decides he wants that vote to happen, and so far, he has said no. the president says no on all these piecemeal pieces of legislation that congressman hensarling is supporting together with all the other republicans. good debate. let s continue this discussion down the road. thanks very much to both of you for joining us. thank you, wolf. up next, new information on the chase that locked down the u.s. capitol and should the nfl s washington redskins change their name? president obama enters that controversy as well. a simple question:ple how old is the oldest person you ve known? we gave people a sticker and had them show us. we learned a lot of us have known someone who s lived well into their 90s. and that s a great thing. but even though we re living longer, one thing that hasn t changed much is the official retirement age. the question is how do you make sure you have the money you need to enjoy all of these years. ....

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CNN The Situation Room October 7, 2013 21:13:00

Hour. republican congressman jeb hensarling and democratic congressman steve israel will be here live. they will debate. also, a pair of bold, risky raids against top terror targets. a key al qaeda suspect and an al shabaab leader. why did the u.s. act now? people don t have to think about ....

United States , Congressman Hensarling , Al Qaeda , Terror Targets , Steve Israel , Al Shabaab Leader ,

CNN The Situation Room October 7, 2013 21:33:00

Years. so the short answer is we re going to hold the specter of default hostage for our spending priorities. the very same spending priorities that have created more debt in the president s first four years than our nation s first 200. we are on the road to national bankruptcy. what you hear from the washington class is no, we ll deal with it tomorrow, we ll deal with it tomorrow. the debt ceiling vote, half the time we ve had debt ceiling votes, we have attached to it something to bend the cost curve, try to put us back on the road to fiscal solvency. in fact, pay as you go, when your party was in the majority, was attached to the debt ceiling. graham rudman, the balanced budget act, the latest sequester, all attached to the debt ceiling. congressman, go ahead. let s end the filibuster and talk about reality. have you voted for farm subsidies? have you voted for farm subsidies? i don t believe in farm subsidies. you re changing the subject. no, here s the point i m ....

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