won t support deep cuts without increases in taxes. if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change america s unsustainable economic path. what do you think? do that you think that opportunity is lost? well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it s gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here s the question that is coming out. and that s. the house republicans are now pushing a ve
to be severe. welcome to your money. i m ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nation s bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he won t support deep cuts without increases in taxes. if you re trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and is not going to be something that i would support. david gergen is cnn s senior political analyst. david, there was a time when republican house speaker john boehner and president obama both talked of doing something big to change america s unsustainable economic path. what do you think? do you think that opportunity s lost? well, a week is a long time in politics. it can be a lifetime. i think what s now clear is that the big de