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CNN CNN Newsroom October 15, 2013 17:07:00

Yesterday because of the progress that was being made in the senate. so the it is the president s intention and it s reflected by the meetings and conversations he s been having with leaders as well as the fact that he invited every member of congress to the white house last week for discussions on this issue to engage directly with lawmakers as they try to resolve this issue and try to do it in a way that hopefully reflects the bipartisan spirit that we ve seen in the senate process and we continue to hope that that will bear fruit and will produce something that can in the end lead to a resolution that opens the government, provides the authority to the treasury for the united states to pay its bills so that we can then focus on some of the bigger issues that we face as a country instead of getting distracted by these manufactured crises that only do harm to the economy, only do harm to the american ....

White House , United States Government , Treasure Treasury , The End , United States ,

CNN CNN Newsroom October 15, 2013 17:23:00

Said during that briefing the i m for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. we ve gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over to the treasury department in terms of prioritizationsization. jay would only say prioritizationsization, picking and choosing which bills to pay after the debt ceiling when they ve run out of borrowing authority, priorization equals default. he wouldn t say which bills would get paid without the bottom really falling out. interesting to note he said the time for uncertainty has passed. that is not good language to come out of the white house right now. the harry reid had a very ominous statement. i m going to pla ....

White House , Harry Reid , Red Zone , Danger Zone , Treasure Treasury , Jay Carney , Debt Ceilinging , Credit Downgrade , Debt Ceiling , Borrowing Authority , She Wouldnt Say ,

CNN CNN Newsroom October 15, 2013 17:29:00

On the daily cash management list that the treasure treasury is now running $20 billion, $30 billion a day it has. it closes the account at the end of the day. compare that to last year, wolf, the treasury was closing the day with $60 billion, $70 billion a day. what s happened is they have pulled down and down and down. this is exactly what jack lieu was warning about. they have been moving the money around. they have been robbing peter to pay paul and now crunch time has arrived. the treasury will have roughly $20 billion to $30 billion a day and that won t be enough by the end of the week. they downgraded the u.s. credit rating in 2011 after a similar showdown between the obama administration and congress. the republicans in congress specifically. even if a deal gets done in time, let s say in the next day or two or even three, would you anticipate that the rating ....

Treasure Treasury , Cash Management List , 20 Billion , 0 Billion , 30 Billion , Mo Ney , Jack Lieu , 70 Billion , 60 Billion , Won T , United States , President Obama , Credit Rating , Rating Agencies ,

CNN CNN Newsroom October 15, 2013 17:22:00

Department of treasury can pay our bills. so interesting to note the juxtaposition, wolf. we haven t seen the final details of the senate plan, but the president is pleased with the progress in the senate plan. the white house has also not seen the details in the house plan but they see some of the elements as trying to extract some sort of ran some from the president. i think just to boil town to the brass tackles here, wolf, i think what is going on here is the white house is just saying no to the medical device tax. that was not in the senate plan. as it came out yesterday evening, at least the boiler plate framework of the senate plan, but it is in the house plan. the senate plan doesn t extract ran some according to this white house. the house plan does. i think that is the crux of the issue. if the house can dispense with a delay of that tax, we might be heading towards some sort of deal. also interesting to note what we also heard from jay carney during an briefing when it com ....

Treasure Treasury , White House , We Haven T , Boiler Plate Framework , Plan Doesnt Extract , Debt Ceiling , Jay Carney ,

Detailed text transcripts for TV channel - FOXNEWS - 20110507:14:44:00

Don t want the money back in the treasure treasury, that s the disingenuous part of it. nothing to do with oil policy or economics, how can i fund my pet projects and demonize. and you all get your pants in a knot over tax breaks, lord have mercy, let s start with the home mortgage interest deduction. that s what we re talking about. and talking about, dagen. and get rid of them all. and this whole view for (laughter) . . clayton: scarce me, dagen. and all right. what do you make of that, you know, they re never going to do this sort of stuff because that i don t believe that they re really tax breaks and i don t believe in the theory that all money that corporations earn belongs to the government and if the corporations keep any of it, that s a tax break. that money belongs to the stock holders. corporation. there have been, many, many, many, take aways, you can t imagine how many tax breaks ....

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