9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea
More pressure, as a washington-watcher and right there, so involved in do you think the president is to get it done and get it right or speaker boehner who seems to be in the hot seat as well. chris: i think they both are. the real danger is that the markets have been saying, we expect a deal, the ratings agencies, especially standard and poors have talked about wanting to see something this weekend, and, you know, boehner went on the record, yesterday and in a conference call that s republicans, talking and you hear it again, about wanting something this afternoon, and, if you get a plan either boehner goes goes it alone and presents the plan, that, you know, if it doesn t have any buy in from democrats and they in effect say they will block it and, or there is no plan at all there s a possibility when the markets i m no expert, but when the markets open tonight, monday morning, in asia, and, then really tomorrow, monday, here in the u.s., i think, you know, the real possibility
Then really tomorrow, monday, here in the u.s., i think, you know, the real possibility of if not a market melt down, market panic and so i think, that you will see a real effort today, either to get something they can announce, or, if not, i think some of the leader may have to go out and try and calm nervous investors. jamie: absolutely, big sell off could definitely be the order of the day on monday. we will watch both of those interviews and be able to understand this whole thing better as it develops throughout the day today. thanks for joining us thank. you can catch more of his exclusive interview with the speaker of the house coming up on fox news sunday and, tim geithner also joining chris, don t miss fox news sunday at 2:00 and 6:00 p.m. eastern, here on the fox news channel. eric: we ll have more on this subject in the next hour, the newest announced republican presidential candidate will join us, former louisiana governor,
Fact because they could make mortgages unaffordable for many americans and, because of what you mentioned, the high down payment. the new rules recommending homebuyers put down at least a 20% down payment. now, before the market melt down, many americans were getting into new homes, very low down payments, or no down payment whatsoever and the new rules also call for strict income requirements, for homebuyers and all of that a result of the dodd frank financial overhaul bill, passed last summer and, the rules are only a proposal at this point and there will be a period of public comment before they are made final. bill: what impact would it have on the market overall? as you know, we re struggling to get it back to the firm footing, steve. reporter: absolutely. yeah. since it could make mortgages out of reach for many would-be homebuyers it probably will not encourage a lot of home buying and critics say could further damage and all ready fragile housing market. obviously these rules