coming up thursday the obama at question and answer session we have devoted an entire hour to get you the information that you need. we will be ready. >> president obamacare delivers another speech attacking republicans while declaring he will not negotiate the speaker says he wants unconditional republicans surrender in boehner declares it will only end by negotiation. it is state number eight of the shutdown. i am lou dobbs. lou: good evening. president obama and house speaker boehner spent much of the day repeating themselves with this afternoon press conference

and hurled the same insults that we have heard throughout the standoff. president obama accused republicans of debriding a ransom for doing their jobs. he did so released eight times and compare the republicans to deadbeats the anarsonists by claiming repeated the once olfaction and of the republican majority in the house is holding the entire economy hostage. the president says republicans are trying to cause another recession. >> and members of congress don't get to demand ransom in exchange for doing their jobs. to the very basic jobs is passing a budget and to make sure america pays its bills they also don't get to say unless you give me what the voters rejected in the last election i will cause a recession. that is not how works no

american president would do with a foreign leader like this. >> where was the loyal opposition? house speaker standing firm he will not bring a clean government funding bill or a debt ceiling height to the floor without negotiation. he noted as well a phone call between himself and president obama earlier today had not gone well. end henry has the report. >> i apologize you have to go through this stuff every three months. i am tired of it, lord knows >> apologizing to the american people into the camera over nonsense the president for the first time offered republicans of playing out of the standoff to declare he will set for negotiations over the federal budget as well as health care if the speaker will pass legislation reopening the government to extend the debt ceiling for a few months or weeks.

>> i said i will talk about anything i suggest the speaker will be so let's stop the excuse is a and take a vote and end the shut down right now to put people back to work. >> one hour later he says the nation's needs to pay its bills but suggested a phone call earlier when a badly of the day. >> he said if there is unconditional surrender by republicans he will sit down and talk to us. that is not the way our government works. we cannot raise the debt ceiling without doing something about what drives us to borrow more money to live beyond our means. the idea we should continue to spend money we don't have and give the bill to your kids and grandkids would be rob. >> that insistence on attaching spending cuts was rejected again by the president who warned of dire consequences of the world market. >> i am not budging when it

comes to the full faith and credit of the united states and it has to be dealt with. >> republicans stepped up their attacks. >> this president is not beating his way or the highway he says i will not negotiate or change. that is not leadership. >> the president offered a car to retrieve message saying he is ready to talk even as he continued to slam republicans as hostage takers and extortionist wang pledge of likely to get them to rush to the negotiating table. >> if they want to talk i am ready to head up to the hill and try. i will spring for dinner but not intel -- a and tell the extreme partisan republican party stop forcing john boehner to issue threats

about our economy. we cannot make extortion and routine. >> and he says he does not have any flaws. >> the people understand i have flaws michelle will tell you. one of them is not that i am not unduly to compromise. >> yet he said he would compromise to potentially support a new deficit panel on capitol hill it against the cover although a short time after the conference the white house issued a veto threat explaining the republican approach would only be spending cuts for the panel does not deal with tax revenue. lou: breaking news we are learning that president obama will nominate federal reserve vice chair janet yellen to replace ben

rnanke as chairman of the federal reserve. again janet yellen will be nominated to replace ben bernanke at any events at the white house tomorrow afternoon her nomination as a widely expected following larry summers was all. the second week of the obamacare health exchange begins like the first. the main health care web site is too slow, too many errors and on top of that there is a new report showing the obama white house made a lot of errors as well as promising the cost of health care would go down over the next decade. jim nagel has our report. >> president obama made many promises about his signature health care plan but one of the simplest was in insurance he was lower spending to save every family thousands of dollars. >> comprehensive health care reform to do what i pledge

to do with the candidates to save the typical family an average of $2,500 on their health care costs in the coming years. >> but government actuaries found obamacare will increase health care spending by $621 billion over 10 years. >> now receive the official scorekeepers that it is the link up. >> they made it very clear the health care law did not been the cost curve down but there will be increases is of national health spending associate with the implementation of the health care law. >> there is no mystery that is the way the law was structured. >> we're adding more people and insisting that those who have insurance have more generous coverage so of course they spend more than the premiums go up. >> as supporters say two factors will help to hold down cost.

>> there will be a lot of plants people can choose from so there will be competition. >> taxpayer subsidies will lower the cost for some. >> very significant subsidies provided to people to help them pay for premium >> even cathy sebelius talked about the price increases many people are facing. >> that will end up in difficult times to spend money they would not have spent. >> yes. >> to buy health care if they did not have it. >> yes there are people who will pay money and many will pay less than their cable bill or cell phone bill. >> better ways band is $621 million increase does not mean to say that is $25 per year. >> divided across the population of americans will see a higher bill per capita

from the health care law not will were. spending but to insure the uninsured is where it is some sacrifice is savings it appears well on have been. >> shutdown murder shutdown the supreme court opened wi with the case of a campaign contributions on how much individuals can contribute for federal office to the candidates. we have the report. >> ordinary americans are shut out of the process back we visited the controversy that sparked a showdown in his 2010 address causing samuel toledo to shake his head and say not true he referred to his characterization about political campaign but the

supreme court tackled part to a that this morning looking at the constitutionality of limits on individuals who contribute to candidates as well as control of the national party. limits the president wants to see the justices uphold. >> they're not a lot of democracy is at work this way to have millionaires and billionaires bankrolling whoever they want or however they want. >> and alabama businessman who says he is baffled tiki and daudet across the country but once they had a specific dollar limit he cannot spend another die meeting he cannot give to all the candidates he would like to support. chief justice roberts questions how that squares with the first amendment you cannot have a rule that says the poster the new york times can only endorse nine candidates. othersncluding ginsberg

conducted the anti-corruption argument'' mack that by having these limits you are promoting democratic purchase a patient and. and not the super affluent as those to control the election. opponents argue they will live in you gets to speak hand how. >> not only that people can do that but not in the most transparent way possible. >> the president said he believes they are partially responsible for the breakdown in washington saying'' mack some ideological extremists to have the big bankroll can skew the politics. lou: thank you. we will have much more on the debate over campaign finance talking to the chairman of the federal election commission. stay with us. >> the president declaims the entire federal government is being held hostage be he refuses to negotiate with republicans.

the congressman on the ransom demand. next.

lou: critics call out the obama and a station for allowing a massive rally today for a comprehensive immigration reform taking place on the national even though it is supposed to be closed because of the government shut down. open-air spaces like the world war ii merrick memorial have been barricaded since last week but the national park service allowed the rally to take place because they said it is a first amendment activity. democrats like house minority leader nancy pelosi and senator bob melendez

attended the rally that was sponsored by obama supporters organized labor. my next guest shows the rhetoric of fear saying the risk of default this fall's and they absolutely will not vote to raise the debt ceiling without spending cuts. joining us now is a member of the house intelligence and energy and commerce committee. good to have you here. what is your reaction to the opening of the national mall to the president's sponsors and a rally for comprehensive immigration reform while he barricades' national parks and everything he can to carry out the campaign of paid for ordinary citizens? >> i went to the world war ii veterans representative memorial last we

can't we were not welcome to wine understand the enormity it is reminiscent of the irs when the president has one set of tough rules for one group and another set for groups he does not treat highly about. it is troubling but it is the way he has behaved. lou: one way is to insult republicans forcefully e and repeated the. speaker boehner says this will and one way, through negotiation. is that your judgment as well? >> all we have been asking is to have a conversation with the president to engage in a thoughtful discussion how to prevent defaults i am talking 20 years from now about whether there is a statutory cap but to be out

of money. that is what the house republicans are talking about. we don't want to move to where the debt ceiling is hit by keeping open but we have to reform the pieces of spending of the affordable care act for the years ahead of us. >> they have been guilty you and i want to say again there is no prospect of a default of the u.s. government unless president obama loses his mind and decides to send this country into default. there is no possible consequence. would you agree? >> complete the. secretary lew talks about october 70 being a magic date but it is not.

i was in a business before i came here. they make decisions how to prioritize the there is plenty of cash flow and if the president chooses not to do that it would be a terrible mistake for by the cooler heads would prevail so the risk of october having a cataclysmic event is just zero. lou: in getting tired of the of the food research their elevator when a treasury secretary would attach a specific date in it in to make it will lead to defaults and it is bizarre in the american people deserve better because both parties have talked about default as if it were a foregone consequence of the october 17 date and i am glad to hear you disavowal all that nonsense and i hope

your colleagues will follow your lead. turning to fox news for 58 percent said they would vote against raising the debt limit only 37 percent but the president's poll numbers remained under water a new fox poll says 62 percent say the debt limit should be raised only of spending cuts are put in place at the same time. you appear to have strong public support. is that a fair interpretation? >> if we get is. i wain kansas over 40 hours over the recant. that was the common-sense view. we cannot raise the debt limit or the credit card limit and the affordable care act is a part of that

as the entitlement that will break the bank so whether it is a piece or other part you cannot raise the debt ceiling without fundamental reform and the conversation that will take place over the next few weeks and days. lou: and the speaker says he will have that conversation. the stocks fall sharply lower following the rhetoric this afternoon. the dow down and the nasdaq fell 76. the wilshire 5,000 measure in the losses at $275 billion. up next eight days of a partial shutdown to revive one of the least effective and one of the original ideas. we'll take up the idea of a

super committee. super committee. yes another, stay with us. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪

lou: all right tonight for the chalk talk, imagine you are a republican congressional leader, you can't get the government up and running, you can't get anybody to talk with you negotiate with you your job approval rating fallen to 11%, one point above worse rating in congress history, the republican party is pro piecing a new -- proposing a new supercomm it to address all that is befallen them. looking at supercommittees, september 2011, first supercommittee kicked off its first meeting, official name, joint select commito deficit reduction. do you love that. almost guaranteed a win with a

big fancy name like that, they had two months to come up on a agreement, they called it a supercommittee, it failed. congress has a short memory, if one at all, they love to talk bipartisan, as they try to wind their way out of messes they create. they love bipartisan powwows. in january of this year, the senate formed the gangf 8. isn't that impressive? a gang of 8. capitol hill's newest power clicclique. they managed to have their immigration reform package pass in june but dead on arrival in the house, despite a supercommittee, "gang of 8", bipartisan device. of it not just a language latest failure -- legislative failure it was a political failure for "gang of 8" marco rubio.

we're not done with congressional failures, things were going so swimmingly in senate, january of this year the house created its own immigration "gang of 8" in june of this year. it became however, the gang of 7. these things happen to supercommittees ans and gangs, t sent it was the gang of 5. now, it is the gang of 0. gone nowhere, it will go nowhere, notice trend? wait, lawmakers s this time will be different. well maybe all we have to do is name this the -- let's go wit a couple names here. see if they make sense, magnificent outstanding marvelous, candy-rock mountain sensational, outstanding super duper, super calla frank liftic

committee, does that sound like they should putting it there. bound to succeed with a name like that. or maybe it will just lead back to this. which is what it has done every wore instant. a big zero. stay with us, we're coming right back. president obama spent a billion dollars to get reelected. supreme court is hearing a case that could make unlimited campaign money available to the next presidential candidates, we take it up in dobbs forum next. bny mellon combines investment management & investment servicing, giving us uniq insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world.

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lou: federal government officials issuing a public health warning over a salmonella outbreak that sickened people in 18 states, linked to raw chicken from three facilities that are operated by california poultry producer much abou foster farm,r there is no recall, most of

chicken was sold in california, oregon and washington. >> campaign contributions taking center stage in supreme court's first major campaign finance case since 2010 citizen's united decision, numbers us now former chairman of federal elections commission, and partner at pot pat and boggs, don m mcgan . >> this case it about letting wealthy people contribute more money, don, how do you think this court will rule? >> i think the court will probably strike the limit that is at issue. i'm not convinced they are going big as some suggestion. throw out all limits. remember the limit that is at issue is a belt and suspenders limit designed to cap overall ability to give to certain

candidates, if you do the math it is result in a ban with respect to making contributions to a number of candidates, or a small donation to a number of candidates, either way, i think that court will find that as unconstitutional. lou: 48,000. to candidate, and 74,000 t noncandidate, that sounds like a lot of money to most americans, jay. what do you think? >> i think don is right, i think that supreme court will do what in a have been doing, a continual chipping away at campaign contribution limitations, and also recognizing that contributing money to a campaign is a form of speech, i argued a portion of mccain-feingold case several years ago. in this case, whether this was a provision that i argued that was unconstitutional the supreme court struck 9 to 0, a ban on contribution for minors

contributing, the court said that unconstitutional. since then have you seen a progression where court looked at least 5-court majority, views the limitation as a violation of spree speech. you said it, sounds like a lot of money to some. but to some, it affects number of candidates you can support. if someone has resources and want toes support say 25 or 30 candidates, republicans, democrats, independence, do we think that of in the should have the a-- that the government should have the ability to say no you can't do that. i do think that by the way there are 5 votes to prohibit the limitations. >> before we get into the votes, i want to continue the theme here that we're struggling with. i personally, don, i don't' the supreme court to give it, i hate

limits, especially on free speech on any right of any american. at the same time i hate watching a michael bloomberg, a billionaire, spending vast sums of money to attack second amendment rights of americans. he has his view and resources, you know many americans have their views, but they don't have his resources. how do you deal with the just massive power of some individuals, and by the way there are people who would be just as upset on the left by some money interests as i am by bloomberg. >> main of these limits are really incumbent protection, does not take a las vegas book maker to tell you, if you give to 8 candidates before you mack out, you will give -- max out you will give to most well entrenched safin cume bant -- incompany dants you can find.

>> you are in the suggestions that we're helping billion air avoid bad decisions ? >> no, i am suggestion z these limits to protect incumbents and ruling class in a weird way by striking the limits it opens up, gives more people more of a voice. you have candidate up starts. who is receive more funding give them a chance to combat the single issue large money bloombergs of the world. lou: and the assistantment, which is -- establishment. which is entrenched. we see you can talk about a incumbent winning 96% or a recidivism rate, i don't see how they would are be charmed by idea of next cycle let's bring in fresh blood. what would create that change?

>> lou, remember difference is that not only can the individual, if limbin limb imine at much, remember -- limitations are at issue but remember individual citizens can work together, there is a freedom of association right that goes with overall free speech right, groups of people, individuals without money of a mayor bloomberg individually, but collectively they do. that is going to impact that. i think we saw that with citizens united. not just the elite financial elite so to speak, but people able to work together and pull their resources together, 1 you get government out of the way that will protect more speech. >> and don, the president today already talking about this case, saying he believes citizens united contributed to many of

the problem. this case could -- well-bein wet could take it to exponential levels, i am sure the president's views. how do you think that the justices will vote. >> key justices chief justice roberts, i think there are 4, that have all but said they don't like there sort of limit, several of those justices have written they don't like limits. but the chief is the key vote, i think questioning today showed high an the issue, and he was looking for aiwa to reach the result in a way that was consistent with court precedent. i think he pointed out there is other ways of achieving the goal of government that are not as draconian as banning people to give to candidates of choice. >> he said it was a direct -- chief justice, said it was a

direct restriction on speech. those were the words he utilized. that shows the 5-4 majority, i would not be surprised -- >> thank you again, for joining us. >> thank you. lou: take a second to go to our sites loudobbs.com, find links to our facebook page eyou can e-mail me or follow me on twitter, and check out foxbusiness.com. to find out why economic confidence is now at its lowest point since lehman brothers collapsed. >> up next, army buying a brand-new device. that is next. any last reqsts mr. baldwin?

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lou: breaking news, ran

reportedly preparing a package of proposal to halt production of near-weapons grade nuclear fuel according to those briefs to diplomacy ahead of talking to take place in geneva next week, iran will ask in return that u.s. and e.u. begin scaling back senssanctions against iran. >> and british secretary hague said his country in talks with iran to reopen its embassies in tehran and london. >> obama administration's detention of high profile terror suspect aboard a navy warship now drawing opposition among some republicans in congress, claiming that al-liby should be sent to a u.s. prison at guantanamo bay for long-term interrogation, senator saxby warning about losing va valuable

information. >> we're sending him to an article iii court, he will get lawyered up, just like the surviving boston bomber, he is going to go silent, and we're not going to be able to gather any information from this individual. i am very disappointed. lou: joining me now former u.s. ambassador to united nations, fox news crist contributor john boldon. thank you for joining us here. your reaction? >> this is a big mistake this is a preemptive conception by british to put iran in a good mood, this signals what i think is the beginning of a very bad deal for the u.s. and its allies. lou: how consevere able is it this -- conceivable is it that u.k. would have opened that relationship with iran without

u.s. approval, and full knowledge, and support? >> certainly full think, i suspect support, because we are looking for somebody else to make the sequencing moves to give the first concession so it does not look like it comes from us, but this is nothing but bad news next week when parties get together, as you read iran will have a fake proposal in affect that means nothing, i agree we're going to agree to it, and i believe this is the road to iranian nuclear weapons. lou: it is clear that the administration is moving along a path that really believes is significant. how can may be deterred it looks as though they have support internationally for this opening. >> a lot countries are determine ed oed to --determined to find m with this. -- settlement, that guarantees

that iran wi be able to weapon ice its uranium with more enrichment at a time of its own choosing, they want lifting sanctions they get a tw a twofe. >> and what plan -- what can be done here? there is a strong support for this. is there anything that those who are opposed, opening can do? >> well i don't think so. unless the iranians score an own goal and screw up, which is possible, but the desire to say we've taken care of the iranian program, is a high priority for president obama, one thing that stands in the way of iran right now is an israeli military strike. lou: does this make that more likely? in your judgment? >> it should unless israel wants iran to have nuclear weapons, i believehat president obama has

put unremitting pressure on that netanyahu, i now do the that israel will strike. lou: ambassador john bolton thank you. >> thank you. lou: breaking news, we have just learned, looking at house floor, current vote. republicans have just passed legislation that would create the much discussed tonight supercommittee, this committee formed to resolve government funds standoff, and debt ceiling battle, the white house, president obama has already vowed he would veto such legislation if it does makes it way to him. it will hit the senate floor, and all likelihood be defeated there. we'll be watching and reporting you to the progress as it takes place on capitol hill. progress on capitol hill, you don't often hear that together. >> new video reveals a

undercover police officer was the scene of this disturbing attack by motorcycle gang, motorcyclists, he can be guilty of much more than complacency and inaction, we will have that story for you next. friday night, buddy.

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lou: a fourth biker facing gang assault charges for his alleged role in brutal beating of a father chased for miles along a network highway last month, new york police is investigating whether as many as three off-duty officers were present and may have taken part in the attack could fox 5 new york reports that one under cover has

been arrested. we heard never bridge a knife to -- bring a knife to a gunfight, a new york clerk deli did, and successfully demonstrating that don't bridge bridge a gun to ae fight, that is a very intimidating machete. he cased him down the street, and across the parking lot. that had a happy ending. he is moving fast. >> turning back to government shut down my next guest said we're days away from any real progress, but he said there are two plausible outcomes of this budget fiasco, joining me now. greg pehlier, good to have you hire, you sense optimism? >> i am a glass half full lou.

i have think there is maybe some ostmism. we specialize in washington in kicking the can down the road. i suspect we'll do that right ber thbeforethe 17th temporariln irexchange for a commission that will look at tax reform, and -- entitlement reform and do nothing. lou: do nothing, and president obama said he will not negotiate, speaker boehner made it clear there is one conclusion, by negotiation. do you think that speaker is right? or is the president? >> there has to be talks, i think just as obama had to walk back his line in the sand on syria, he has to walk back his line in the sand, there has to be some kind of negotiation, the issue is how much more pain and

surfinsuffering do the markets o go through. i fire they have two things to worry about default on 17th but i think the corosive impact on the economy, it will do real damage to business psychology, consumer psychology, and market psychology. lou: president, though to me, greg, seems the more vulnerable. as you said. we know the 17th is really not a i didefault date, it is a date s government with move by with assurances and positive in stating there will never be a default. the real issue for he, what is going to be the fiscal policy of the government, why would president assume he is not

vulnerable, his polling numbers are upside down, ultimately he is the one that has to pull the trigger to negotiate. how much lower can congressional approval latings go? >> let me push back a bit. there is enough money to pay interest, i understand that to the bond holders, but not enough for everything. i guarantee, that the treasury secretary jack lew will play the social security card. they will say grandma will not get her check because of john boehner, that is not a good place for the republicans to be anything into an elect year next year. lou: i agree with you, but the problem is, i personally think that there is a good chance that the administration has already and i think polling supports this, has already over played the i won't negotiate line, this president is not getting any support for that.

as we respected in latest fox -- reported in latest fox news poll, pay the percent oppose to the debt saling, the closer we get to the 17, this may be counter intuitive but i believe that the speaker gets stronger as we approach. >> it is a pox on both their houses, the one that does not get enough blame in my opinion is harry reid, he refuses to negotiate. lou: he gave a speech about civilitty. and then the president comes down today, i think he needs one of those -- well, you know harry reid refresher courses. >> well, i think everyone in this town is thinking about much about 2014 elections, especially harry reid on the white house,

maybe the republicans are not. but one thing in my world that you have to start thinking about is the markets, they are getting grouchy. lou: thank you

neil: wait a minutes. halloween is still more than three weeks away. why is everyone screaming now? fox on top of fear mongering over the top. we might as well go ahead cash out, administration says, we're all but in default right now. welcome i am neil cavuto. whether it is trick-or-treat it is a incredible fight we've gone from worrying about bumping up again debt ceiling, potentially defaulting to saying to hell with it we're already