they'll find out who did this to him. >> that's just the beginning of one of the most bizarre crimes ever. and what it takes to become one of the coast guard's elite rescue swimmers. kaj larson takes you inside a rescue mission. >> ready for freefall deployment. we want to welcome the viewers in the united states and, cnn "special report get it done, count down to debt crisis."

>> what is in the deal, how it came about, and how all the players in the debate are reacting tonight. several asian markets will have opened and others opening soon. we will take you there live. >> it has been amazing day, don. earlier today, the senate democratic leader signed off on the deal. depending on fellow democrats. nancy pelosi said she would take the deal to her caucus tomorrow, but wanted to see the final product before committing her support. >> cnn has been devoted to this

breaking news story it is important to us and the world. many, many more adtwo hours in a special report here on cnn wolf. >> listen to what the president of the united states said. >> there are still important votes to be taken by members of congress. the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default. a default that would have had a devastating effect on our economy. this will cut $1 trillion in spending over ten year, cuts that both parties agreed to early on in the process. the result would be the lowest level of annual domestic

spending since dwightizen hour was president. but they they wouldn't happen to be so quickly they would be a drag on the economy. it must be balanced. despite what some republicans have argued, i believe we have to ask the wealthiest to pay their fair share, giving up tax breaks and special deductions, despite what some in my own party argued. i believe we need to make the second adjustments to medicare. it it establishes a report with a proposal to further reduce the deficit, put before the congress for an up or down vote n this stage, everything will be on the

table. to hold us all accountable, for making these reforms, tough cuts that both parties would find objectionable would automatically go into effect if we don't act. over the next few months, i i will continue to make a detailed case to the lawmakers why i believe a balanced approach is necessary to finish the job. now, is tht deal i would have preferred? no. i believe that we could have made the tough choices required on entitlement reform and tax reform, right now. rather than through a special congressional committee process. this compromise does make a serious down payment on the deficit reduction we need and gives each party a strong incentive to get a balanced plan differ before the end of the year. it will allow us to avoid default, and end the crisis that washington imposed on the rest

of america. it ensure that is we will not face the same kind of crisis in six months, eight months or 12 months. it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy. now, this process has been messy. it has taken far too long. i have been concerned about the impact that it has had on business confidence and consumer confidence, and the economy as a whole over the last month. nevertheless, ultimately, the leaders of both parties found their way toward compromise. i want to thank them for that most of all, i want to thank the american people. your voices, your e-mails, your tweets, your phone calls, that have compelled washington to act in the final days. the american people's voits is a very powerful thing. we are not done yet. i want to urge members of both

parties to do the right thing, support this deal with your votes over the next few days. it will allow us to avoid default, allow us to pay our bills and reduce our deficit in a responsible way and turn to the important business of doing everything we can to boost jobs, wages and the economy fast are than we are. we should be devoting all of our time to accomplishing in the months ahead. thank you very much, everybody. saying he has reached an agreement, and the united states will avoid a dev fault. the agreement, of course, has to be approved by the senate and the house of representatives, they have tomorrow to do that

before that august 2nd deadline comes into place. stand by, i want to go to capital hill. kate baldwin is getting details on what house speaker briefed the republican caucus, and how good this deal is for the republicans. >> i just dropped the paper. this is actually a power point presentation that speak er, and making the case why they need to support it. in the notes in the power point presentation, and the expert experts from the speaker's remarks this is not far off than the deal nay have been working on themselves, they agreed to with a bit of an added sweetener to get more conservatives on in the end. the top line of this deal is

that it says that it cuts up front spending $917 billion over ten year, up front. and multistep process for the president to request to raise the debt ceiling, it would be raised first by $900 billion. and there is a key, that you have been talking about, the key role that this special committee that it will need to be set up, to work toward further deficit measures, that the congress has to agree to, putting triggers in place to make sure that happens. we are learning, a lot of what we have been hearing over the past couple of days, a number of different here and there. it is interesting that house speeblger is trying to make the case to the members on the conference call, i am sure we will hear more about this for them t shouldn't be viewed, as i am sure he is saying to the members, that far off to what they already agreed to, to get

them on board to get this through it. we are hard pressed. >> harry reid is on board, mitch mcconnell, we haven't heard from nancy pelosi, she was noncommitmental. can we assume that the president wouldn't have announced it unless the democratic leader was on board? >> i don't think is safe to assume anything with this agreement. on such an issue that is so big as this. believe me, i am reaching out to find out where the democratic leader stands on this issue at this point. fair to say, to get this through, there will need to be bipartisan support to get it through the senate and the house. they are going to need to have democratic support in the house to get it through. and i am working on that now to find out where nancy pelosi

stands on that. >> i know you are. they are not happy there are no tax increases on wealthy americans and eliminations of loopholes or subsidies for big corporations, many are making it clear they are not going to vote. that is why i asked about nancy pelosi, one of the more progressive. i am interested to hear her say, i support this deal. the president said, this is not the deal i would have wanted. he wants the wealthiest to be able to pay. that means revenues, as the republicans have been calling it, or taxes. kate, moments ago, talking about this phone call and this power

point presentation that the speak speaker said. except for tonight, the president has been -- hasn't been visual in the past couple of days. but he was in front of the cameras and came out moments ago. i will go to white house correspondent dan. not the greatest deal, but it show that is we have changed the terms of the debate in this town. it backed the president into a corner and put democrats on the defensive here.

republicans got mostly what they want. democrats didn't. >> that's right. you heard the president essentially say this is not a perfect deal. it did accomplish a couple of things, raising, if it is supported with bipartisan support, raise the debt ceiling and avoid what many here were calling a major meltdown for the u.s. economy, that has been having a difficult time in economic recovery. that will potentially be avaded. secondly, as the president himself pointed out this is yet another opportunity to show that a compromise can come. while you may not have a perfect deal, you can still reach some agreement on compromise. and the third thing, with the president pointing out, the white house has been pushing for for some time, they didn't want to relitigate this again around the holiday season. the president said that is a time sensitive for the u.s. economy. they wanted to have a deal that

was long term. through the end of next year. at least the president did get that he didn't get everything that he wanted. but he did get some of those things. >> nancy pelosi, we know she was at the white house yesterday. harry reid as well. in close contact with the president and the vice president. do we know where nancy pelosi stands on this. have they come up with something to tell their members as well? >> we don't know where nancy pelosi stands on this. it is unclear with the president reached out to her. there was concern at the white house about whether or not the gop or john be-- the speaker isn board. yet, middle class americans and

citizens are the one carrying the heaviest load here. the president has selling to do. unclear where nancy pelosi is in the process. printed out the power point presentation, everything that speaker wanted. no tax hikes, it says at the top of this cut that is exceed the debt hike, caps that control future spending. entitlement reforms, here we go, that the speaker gave to his members. >> that enthusiasm coming from the republican leadership in the house of representatives may explain and not all that enthusiastic. just a little while ago, before the president announced there was an agreement, she said, i

don't know the text of what the final product is in writing, or what final ramifications, she said she wants to see the deal in writing before she makes an announcement. she will meet with the caucus on monday morning. listen to what she said hours ago. we all may not be able to support t or none of us may be able to support it. very cryptic remark. our chief political analyst is here. they will need a lot of democrats in the house of representatives to vote in favor of this deal. you know there will be many republicans, tea party supporters that won't. >> probably most of the freshman republicans. it seems to me, what the president was saying is, you will get another bite of the apple n this joint committee, we are going to be able -- reading between the lines, what he is telling democrats is, we will be able to sort of do a deal.

maybe it will have tax reform in it. we will say it has to have revenue increasing. my question is about the pan e8. where all the panels in the past have not been able to do a deal. and mitch mcconnell's answer to that was, these are members of congress, of course, you have a sword hanging over their heads with all the triggers. essentially, they will be forced into action. because there is a preassumption that they wouldn't be able to act on their own. i think that is true. what the president will say to liberals is, we will get our shot at a more balanced approach down the line. bear with me now. let's get it done. >> quickly, you are here from london. watching what is going on. the world is watching. give us 30 seconds, what the world sees as they watch the

united states go through this process. >> torture, confusion, chaos. is that enough for you? i think they will be relieved that debt ceiling will be raised. i am seeing that in the markets. australia up 2%. the dollar is strengthening, ultimately, as you go into the next stage of that everybody will be very concerned that they can continue this momentum. >> a messy process, a democratic process, we are glad we have it, as you know. >> absolutely. our coverage is only just beginning. >> absolutely, we we go to the break, i want to say something that richard quest said to me before the show. i thought it was interesting. he said, everyone around the world is watching. we have driven the bus to the edge of the cliff, they are trying to determine when we are going to hit the brakes in the united states. i will talk to you about that in a few minutes. asian markets reacting to the

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japan's bench mark nikkei. >> what a difference a weekend and news makes. last week, down 2.2%, this morning, an hour, more than an hour ago, it came screaming out of gate. on the news that there may be a debt deal. watch the ticker. it was climbing up to the point that president spoke. now beginning to level off. something else, the value of the u.s. dollar, climbed as well. that is very important to these companies here in japan, who then invest in america. the good news that is today is a better trading day. the long-term impact, we have to see how much the u.s. dollars, and the u.s. economy is taking a beat og this side of the globe. >> wolf, you know the concern here, and all the guys around here, aliveshi.

>> some people think that even though it looks like a deal has been reached, it has to be voted on in the senate. we expect it will pass through. and has to be voted on in the house of representatives, the speaker said he supports it. nancy pelosi is up in the air. we will see what happens in the house of representatives. we want to access what it means for america's aaa credit rating. to you first, ali. america's aaa credit rating will remain firm? >> mixed views on that we spoke to mark from moody's economy, he said this deal is big enough to avoid a downgrade.

the largest bond dealer said probably not. he said, you don't necessarily have a bond rating agency, all you have to do is read a newspaper it. is not clear if the down grade will be as important as the u.s.'s ability that it won't use it as a bargaining chip for obligations made. the second thing that is important to krrp is that most important thing to the recovery of the u.s. economy is jobs. this doesn't do anything to help job creation. probably does something to hurt job creation, that in the long run, may be dangerous then not having this deal in the first place. out three years and five years t may not have been the right thing to do. everybody is doing a victory lap, i don't think it is that good of a deal. >> a deal is a deal. at least the united states won't default on tuesday or wednesday. >> that is true. that is a good deal.

>> very important news for people who were worry body interest rates in the united states. unemployment and other parts of the world as well. stand by. senator mike lee, of utah, joining us live right now. senator, what do you think? are you going to vote in favor of this agreement? i haven't had an opportunity to read it. as i have heard i am not inclined to support it. before i was sworn into offense, i can't support any offer to raise the debt limit, not accompanied by spending reform. for reasons i explain in my new book "the freedom amendment." it has to restrict congress's borrowing power. >> you can't let the perfect be the enemy of the good. it averts default, allows the

process to go forward, democrats and republicans, will have a chance to come up with a better deal by thanksgiving. what do you say to those people, including the president, the speaker of the republican leader in the senate, your leader in the senate? i am very happy we are talking about cuts. six, seven months ago, there were a lot of people talking about another stimulus package, more spending. now, we are instead talking about cutting trillions of dollars. notwithstanding that, we can't lose sight of the fact that it is a punishment, long-term problem. a short term, we can't commit that future congresses. >> here is what we are hearing from the other side.

that liberal democrats should be just as outraged as the tea party was about spending. they believe this is all politics, and little economics in this deal. i won't script anyone- the left or the right, or be critical of others who might vote against it for other reasons. as iz said all along, if you are a liberal, or a conservative, and most concerned about protecting national defense, you should care about the fact that we need a balanced budget amendment. if we don't have one, a pattern that if left unchecked will point us to the point that we will be spending more on interest on the national debt than we spend on any problem. that will rob everything from defense and entitlement. >> the republicans have gotten everything that they have

wanted. democrats didn't. what do you make of that? those who say there is very little compromise from tea party members. >> i want to be clear. we are getting a debt limit increase. in fact, the largest one in history. a few years ago, when it was a republican in the white house. and you had the democratic party in the minority in the senate, you had every single democrat voting against raising the debt limit. we have to remember that we are as republicans f this passes with republican support, not withstanding it likely will not get my vote that is a huge concession. i don't think it is fair to say republicans are getting everything they want and democrats are getting nothing that they want.

>> will you launch a filibuster to require 60 votes to break? >> i think everyone is anticipating. i have been anticipating, i will fight for a 60-vote threshold on this. it doesn't mean we have to wait the entire 30-hour time frame you normally would, with something like that i anticipate a 60-vote threshold and i anticipate requesting one. >> the freshman senator from ut utah, appreciate it very much. >> the president of united states has announced an agreement. we will hear more about what the president had to say. the continuing breaking news coverage will resume after this.

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just over 26 hours left to raise the nation's debt ceiling or risk putting the united states of america into default. tonight, the details appear -- emphasis on the word "appear" -- appear to be falling into place to get it all done. we heard from the president a little while earlier this evening. he was in the white house briefing room. we've also heard from leaders of both chambers of congress. they say they have struck a deal to raise the nation's debt limit and cut the nation's spending. >> there are still some very important votes to be taken by members of congress, but i want to announce that the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default. a default that would have had a devastating effect on our economy.

the first part of this agreement will cut about $1 trillion in spending over the next ten years, cuts that both parties had agreed to early on in this process. the result would be the lowest level of annual domestic spending since dwight eisenhower was president. but at a level that still allows us to make job creating investments in things like education an research. we also made sure that these cuts wouldn't happen so abruptly that they'd be a drag on a fragile economy. >> so they have an agreement in principle but both the united states senate and the united states house of representatives must approve this plan. it would initially raise the debt ceiling by about $900 billion which will get the united states through for at least until next february. after that raising it is a multi-step process involving a joint congressional committee that has to be created to work toward more debt reduction measures.

in total the plan calls for more than $2.4 trillion in deficit reduction. don, this is a process that's only beginning. it's complicated but it is essential in order to get a deal done. >> wolf, you know the reason we're here tonight and the president came out tonight to talk about this, and wanted a deal tonight, because they were concerned about the overseas markets especially the asian markets which opened tonight. we want to find out how the asian markets are reacting right now. hang seng hopes right about now. cnn's stan grant is in beijing monitoring the shanghai composite index. >> the hang seng is up by 1.65%. we also got a really good lead-in from tokyo, seoul and sydney which are all up by 1.5%. australia up by 2%. now those three indices opened about an hour and a half ago so they gave hong kong a very good lead-in. hong kong is asia's financial

hub where many of china's biggest companies an banks list on this stock exchange. also the hong kong dollar is pegged to the u.s. dollar so a lot of people interested in seeing how the u.s. dollar. right now it is strengthening. >> thank you, pauline. we also want to go to beijing. stan grant is standing by in beijing watching the shanghai composite index. >> reporter: it's opened flat, last week took a bit of a hit with concerns about the potential default in debt. china is the biggest holder of u.s. treasuries and that made them a bit nervous their investment could be dented by this political process in the u.s. really it's been about politics here. there's been frustration amongst leaders in china about the process in the united states. they'll be breathing a sigh of relief now because they hold a lot of money in dollar denomination and this is the only place for them to invest. >> the asian markets are now open.

they apparently, at least so far, like what they've seen and heard coming out of washington. >> what a difference just a few minutes make, right? as you've been saying, it appears there's a deal. even with the debt deal that's on the table, the u.s. economy is still facing soaring unemployment, you know that, a sinking gdp and really a fragile housing market here. >> it is still a fragile recovery if we can call it that. let's bring in once again ali velshi in new york, richard quest is here in washington to talk about this. is this deal, ali, so much focusing in on america's aaa credit rating, but at least in the short run you think it is going to spark this u.s. economy and are we going to see some growth, some job creation? >> no. because this was not the problem. while republicans and tea party members have been very effective and painting this as the single biggest problem that the u.s. economy is facing and that helped them succeed in the last mid-term elections, economically it isn't.

it was always a distant second to jobs and economic growth. so the problem is we've got way too many unemployed people. three things affect you -- your ability to earn a living, your ability to have your investments increase in value, and your home. this isn't going to do anything for housing whatsoever. this does nothing for jobs. and in terms of investment, all this has done is cost us because of this game they've been playing in washington. so no. what would be fantastic, wolf, if we had seen this kind of passion go into dealing with job creation and how we do that. this doesn't do anything for the things that the underlying things that make an economy better. this was a long-term problem. it was never the most pressing problem and it's been painted as the most pressing problem and it's actually wasted a lot of time where we could have been solving the most pressing problems. >> interesting. ali, yesterday you were doing your show live and talking to a conservative columnist and you talked about spending cuts, versus revenues and whether or

not this argument that the tea party's been giving about cuts, whether it's upside down. don't go anywhere. i'm going to play that for you after the break, then you are going to respond. richard quest, and we'll get back to our wolf blitzer in washington. you're watching our continuing coverage now of the debt deal in washington, "get it done!"

back now to our continuing coverage. want to bring in cnn's ali velshi. he's joining us from new york. ali, i posed the question before the break -- is this argument upside down? to many economists, even some conservative economists, there should be revenues in their estimation and less cuts. let's listen to your show yesterday.

>> well, increasing taxes wouldn't hurt anymore than say cutting spending. both would decrease the amount of demand in the economy. to say taxes would hurt the economy is kind of code for cutting spending's okay but taxes are not? that's simply not true. in fact, raising taxes may be less deleterious than cutting spending. economic theory says so. >> so ali, who do we believe? has it been talking points? is he right? >> he's a conservative. i mean this conversation about how cutting taxes is deleterious to the economy, peter morici himself said that, the memphis tea party agreed with the same thing. if you spend too much, you either cut how much you spend or you increase taxes. it's all money. it's all the same thing. but when you cut spending, what you do is you cut money that generally goes to people who have less money so when they have that money they spent all of it and more on the economy. when you deal with taxes, when you cut taxes, you're taking it

away from a portion of the population. you're taking money away from a portion of the population that doesn't spend every last dollar they have which is why the impact on the economy of spending, government spending, is greater than the impact of tax cuts. i put it out there on twitter, don. i said if somebody can provide me with evidence or a report that says cutting taxes is good for the economy or increasing taxes is bad for the economy, i'll read it. there is no such report. people just say it and they've gotten everybody to believe it. >> yes, absolutely. that's a good way of putting it. if you say it or some people will think that maybe -- >> say it enough, people start to think it's true. >> according to economists, and even conservative economists, it may not be shaking out the way it has been played out in washington. ali, stand by. i want to get back to wolf blitzer in washington. wolf, there's still a lot of politics to work out and a lot of dotting the "is" and crossing the "ts" in washington. >> they always say the devil is in the details. certainly it will be in the details when the senate members of the house look at the

language. they will draft. kate bolduan, up on capitol hill, what are you seeing up there now, kate? >> hey, there, wolf. well just a little bit of information on kind of the path forward. obviously members of both parties want their members to actually see the legislation, they need to discuss that. but on the path forward there's always this question of the procedure, is there enough time actually to get any piece of legislation, any prom economize through the house and through the senate, just procedurally in time. i've got a little reporting probably some good news for people watching this this evening from the top senate democratic aide. they say the senate is going to go first in this procedure. they're going to take up the compromise measure first and the goal would be if everything goes as planned, and as they hope, that they would begin debate on it, maybe between noon and 2:00 tomorrow, and then vote on it, hopefully late afternoon tomorrow, then send it over to the house and the goal, we're told by the speaker, according to a call participant he told

members on their conference call today the goal in the house as well would be to vote on it tomorrow. so if everything goes as hand, wolf, this could be voted on by the end of the day tomorrow. >> we'll see. you heard senator mike lee of utah say he's going to filibuster, i assume others will filibuster in the senate so it will require that 60-vote threshold for passage in the united states senate. we'll see what happens in the house of representatives as well. but if the speaker's on-board and if nancy pelosi's on board, i assume they'll get the votes they need and there will be a celebration, a big signing ceremony with the president and leadership. stand by. don, this process is going to be intense tomorrow as we watch it unfold. >> there should be a celebration for the american people. everyone should be happy tomorrow that at least -- at least this isn't hanging over their heads. i'm sure a lot of people will be happy. it may not be a good deal for everyone involved but at least there is a deal. wolf, i was watching you earlier today and you pointed out something on television live, you and gloria borger.

you said let's listen in now to the senate, we might learn something and it will make us all smarter. because you saw it was a great piece of television playing out. it is what they're supposed to do, senators from each party, talking about republican john mccain, and democrat dick durbin, they held a courteous discussion on taxes, spending and the issues behind the debt ceiling debate. we'll hear from them, wolf.

congress has been working non-stop this weekend in order to try to reach some sort of compromise on raising the nation's debt ceiling. listen to this remarkable exchange earlier today on the senate floor between democratic senator dick durbin and republican senator john mccain. >> i'd like to respond to my colleague through the chair. does he remember what happened with the reagan tax cuts? what happened was we tripled the national debt during that period of time and president reagan came to congress 18 times to extend the debt ceiling. he holds the record. so to argue the reagan tax cuts led to great long-term prosperity is i think seriously in doubt if you're going to use the deficit as a measure. >> if i could say, we believed, and reagan believed, if cutting tax cuts would restore our economy, which was in the tank, thanks to the practices of the previous administration, before him, and we, reagan presided over probably one of the greatest job creation periods in

the history of this country and those are numbers that i would be glad to insert in the record. compare that with what has happened since this administration took office. with the promise that if we passed obama care, if we passed t.a.r.p., if we passed all of these others that the economy would then be restored and grow. and again, it's hard for my dear friend from illinois to refute the fact that the categorically stated that if we pass the "stimulus" package, that unemployment would be at a maximum of 8%. unemployment today is 9.2% and if you look at any indicator, whether it be housing starts, whether it be the deficit, whether it be unemployed, whatever it is, it's gotten worse since the stimulus package was passed rather than better. >> all right, that went on for longer.

i want to bring in donna brazil and alex castelanos. republican consultant and former adviser to mitt romney's campaign. donna, imagine that. using the senate floor to come to consensus, to listen to someone else's arguments and get your point across while being civil at the same time. >> well, look, there is nothing wrong with that, don, as you know. alex and i have civil conversations all the time. the question tonight, don, is what's in the deal for the vast majority of americans who wanted to see a balanced approach. i think when the president tonight outlined that there are core priorities that are protected. i think democrats are going to look to see if social security was protected, medicaid protected. of course civilian and military pay protected. student aid and student loans and many of the things that will not only help those who can least afford any more draconian

cuts, but we don't want to see anything that will stall our recovery. when i heard "supercommittee," i said i hope they will consider job creation. we need to start growing jobs in this country. we the last few months, we have heard from the republicans, from the tea party. we know they want to cut, cut, cut. tonight, i think the american people want to know is this a balanced and fair approach to reducing our deficit, paying our bills, paying our obligations, instill confidence in the global community of our leadership in the world, the united states of america. and ultimately can the leaders, don, sell this framework to the rank and file members of the united states congress? >> wolf will jump in here, but i have to say, alex, you heard what donna had to say yet in the final hours the house speaker was concerned about defense spending. we didn't hear some of the points that donna just brought up.

>> well, i don't think there is a great danger of civility breaking out in washington any time soon despite senators mccain and durbin's efforts. something good has happened in all of this. we are talking not only about a serious issue like spending, the debt and are we going to spend ourselves along the path of greece but we are also talking about jobs and taxes as i think these senators were talking about. i take exception to something said. that we are not talking about jobs. that's all this is about. no one is going to create jobs in a country spending itself into insolvency. first you need fiscal discipline. if a nice news network like cnn were going to hire you but you knew they were going bankrupt it may affect your positions. >> alex! >> go ahead, ali.

>> what are you talking about we're going bankrupt? come on. what are you talking about? we're not going bankrupt. greece can't issue bonds. america can. there is no question. we have a aaa credit rating. this was an invention of fiscal conservatives. >> absolutely. >> jobs is the issue. >> as you know, greece had this decision ten years ago. they chose to keep going along the same path. everybody keeps saying, gosh, we'd raise the debt ceiling automatically here 60 times. that's the problem. we keep going up to the bar like it's routine. we are now having a debate that says we cannot continue spending more money than we take in. >> alex -- >> hang on. >> ali and alex, hang on -- >> -- pay the bill. >> do you agree that it was an invention by connecting the debt ceiling to the deficit. >> no.

let him answer, ali. >> no, no. this was manufactured. >> this is something we can agree on. this is money. >> yep. >> the federal money can't first spend any of this it doesn't take from someone else. we are $14 trillion in the hole. the democrats say the way to grow the economy is to keep doing that. keep stimulating the economy by taking this money, sending it to washington -- let me we are going send it to washington and send it back to us. >> we are on the same side, jobs, everybody has to have a job. not everybody has to have a house and 401 k, but everybody has to have a job. i would love for you to create

how this creates a job in america. conservatives have been saying the reason companies don't hire is uncertainty about taxes, uncertainty about health care. now i'm hearing it was uncertainty about the debt ceiling. companies will use any excuse -- >> no, no, no. >> i want to bring donna in. >> guys, thank you. thank you. don, we are not going to find any consensus on how we got here. alex and i will disagree over who spent this money. where we need to find consensus over the next 24 hours is on this framework. democrats must feel comfortable, especially with the republicans in the house would like to see democratic votes on the table. they must feel comfortable that this framework will protect they, what they laid out. democrats wanted to avoid default but

wanted a balanced, bipartisan approach. republicans have ignored that and they put forward their ideas. >> okay. >> if this deal continues think ms. pelosi will have a tough job but may have to come up with democratic votes to get it over the finish line. we'll see what happens. >> before you jump in, alex, i want to bring in wolf. >> very quickly, donna, will the congressional black caucus and the progressive caucus -- and together they are well over a hundred members, a hundred democrats in the house of representatives. will they be with the president of the united states and vote in favor of the deal? >> you know, the black caucus has always said there are no permanent friends or enemies, just permanent interests. they will vote in the interest of their constituents. i don't have to tell anyone on cnn their constituents like many americans are hurting right now. they want a deal that protects the most vulnerable citizens of

our society but a deal that creates jobs long term for all americans. i hope tomorrow when they hold a press conference at 11:00 they will outline what they like in the deal or dislike in the deal and tell us how they will vote. >> stand by. we'll take a break. much more coverage coming up after this. [ bell tolls ]

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