The nasdaq is selling off the most. We are nine days away from a potential that the fault if we do not raise our debt ceiling. Adam president obama is urging john boehner in a phone call this morning to hold a vote on raising the debt ceiling. Rich edson is at the white house where we are expecting the president to make a statement and take some questions in about an hour. Rich that is correct. There was a phone call earlier this morning. Fund the government, raise the debt ceiling and then we will have a negotiation. We continue this impasse. As for our markets, is the method really missing or hitting washing washington . This. The first thing that will not happen is we will not default on any of our obligations in terms of our debt. That will not happen. It seems that this will get rolled into the debt ceiling fight. Speaker boehner, the president and harry reid, no real substance there. Back to you. Adam president obama will make a statement and take some questions at 1 00 p. M. Lor
A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address the underlying problems underlying problems that got us are so we can avoid it. Having said that, there is no circumstances under which we should ever tolerate choosing, willfully, to make sure that a missed payment would include a missed payment on the Treasury Security. Processing because of uniquely Important Role the treasury securities play. I was disappointed that the treasury secretary in
Gwen ifill, produced in association with national journal. Corporate funding for Washington Week is provided by wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. We know why were here. To charlotte a greater path, in the air and in our factories. To find cleaner, more efficient ways to power flight. And harness our technology for new energy solutions. Around the globe, the people of boeing are working together to build a better tomorrow. Thats why were here. Additional Corporate Funding is provided by prudential additional funding is also provided by the annenberg financial. Foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, live from washington, moderator gwen ifill. Gwen good evening. Its hard to believe, but weve been here before. First, negotiators pledge to Work Together then they test what the other side is willing to give. Then they submit
Gwen ifill, produced in association with national journal. Corporate funding for Washington Week is provided by wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. We know why were here. To charlotte a greater path, in the air and in our factories. To find cleaner, more efficient ways to power flight. And harness our technology for new energy solutions. Around the globe, the people of boeing are working together to build a better tomorrow. Thats why were here. Additional Corporate Funding is provided by prudential additional funding is also provided by the annenberg financial. Foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, live from washington, moderator gwen ifill. Gwen good evening. Its hard to believe, but weve been here before. First, negotiators pledge to Work Together then they test what the other side is willing to give. Then they submit
Were live in lansing. A decorated combat veteran, a young man excited about joining the military, were remembering the navy s. E. A. L. Killed while trying to rescue a fellow everyone that afghanistan. Plus this. Your roof just collapsed. It just collapsed. A family is cleaning up after their ceiling collapses following a severe storm and its all caught on camera. Well show you more of that dramatic video, plus guns and football, after the shooting death involving a kansas city linebacker some nfl players are turning in their firearms. Newsroom starts right now. Good morning, everybody. Im ted rowlands in for Carol Costello today. Lansing, michigan, is the target of a protest. The republicans are trying to push through a right to work bill that could severely hurt organized labor in the state. The governor promises to sign the bill as soon as it hits his desk which could be within hours. The new legislation bars requiring union dues as a condition of employment. Its already on the book