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tv   Greta Van Susteren  FOX News  August 2, 2011 10:00pm-11:00pm PDT

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president obama privately signed it into law. there was not a lot of fanfare in the rose garden, just a simple signing in the ooh val office. lawmakers have been scrambling to beat the deadline and yes, they did do that. don't pop the champagne cork, not yet. there is grim news, wall street
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is taking a beating. u.s. investors are clearly not celebrating. and there remains the question of our nation's credit rating. much more on that, straight ahead. but first, we caught up with mitch mcconnell, just a short time after the senate big vote. all right, senator. senator harry reid went on the floor and said that as part of part 2 of this debt ceiling bill that taxes will go up. actually used the word revenue. is that true? >> the joint committee can look at tax reform which both the president and virtually every republican is in favor of. we are in the race, trying to do something about the preferences. but the issue of raising taxes, from a republican point of view, is no more on the table later as it was up front. in the basic bill, there are no tax increases at all. the joint committee's also going to focus on entitlements. the trustees of the social security and medicare system,
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appointed by the president himself says that medicare has 5 years before it goes broke and social security, a little bit longer. we have to look at the entitlement, if it's even going to be there for the next generation. >> many americans are worried because of the uncertainty and even take the question of tax reform. for instance, if you got rid of the interest deduction on your mortgage that, may be considered a reform. and for many americans, that's a tax increase. so how do we know the difference of reform and increase? >> i think we ought to wait and judge what the committee reports before prejudging it and addressing hypotheticals. all mortgage interest reduction and the charitable deduction are so popular, last time we went through tax reform in the 80s, they were not touch employed so, you know, the members of the committee, if they deal with tax research at all, it's a very complicated subject. they may decide they don't have time to go down that path. they do have time to deal with
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entitlement reform. the studies have been done. a committee looked at that. we understand what needs to be done, all that's lacking is the will to do it. if we don't fix medicare twon't be there in a very few years. >> how do we fix medicare? wasn't the national health bill an attempt to address our national health care? now we hear about fixing medicare. >> the obama care took a half trillion out of medicare to pay for a whole new entitlement program. that didn't help t. made it worse. medicare is in deeper trouble as a result of obama care than it was before. it was already in trouble t. got turned into a piggy bank to finance half of the trillion dollars of new spending in obama care. we think that was a mistake t. exacerbated the medicare problem and made it more urgent that we deal with saving medicare. >> you mentioned a committee, do
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you select the committee from the republican side of the aisle? >> i do. this is not a commission. there are no outsiders on it. nobody from the administration, this is a powerful, joint committee of congress, set up to try to get a result. the way we have been doing things for years has led us to a $14 trillion deficit and over $50 trillion in unfunded liabilities, that is promises we have made to future generations on social security, medicare and medicaid that we can't keep. we are setting up a structure designed to succeed, not designed to fail. i think to prejudge a report that hasn't even come out yet is a mistake. let's wait and see if they can get the job done. there are powerful incentives because if they lock up, it's a pretty catastrophic consequence. >> all right. have other senators been knocking on your door to get on the committee? or are they running from you? >> i have surprisingly enough had a number of senators interested in it. we will go through the process like a job interview to talk to them about whether they are
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willing to spend the time this is going to take. it will get started in august, typically, around here, everybody's gone back to their state. this is a big job. tell take serious, responsible people to get it done t. has to be done before thanksgiving. >> what are you looking for in a committee member? >> i am looking for somebody who is solid philosopheically and interested in an outcome. if everybody puts on our most partisan members, nothing happens. we need to get an outcome. the country is looking for an outcome. we have to save entitlements. that's essential. we have had a difficult time getting that done, short of doing things the way we always do it. it is time to try something different. that's what the joint committee is about. >> if i were making the decision, i would wait to see what the opponent put up. if they put up partisan, i might want to match them. i would assume there is some sort of, you have to know who is
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on it from the other side? >> i am going to pick three people that i think are serious, responsible people who want an outcome for the country in a way that republicans believe best. i'm not going to pay a lot of attention to anybody else puts on. i am only responsible for my three. im going to make sure they are serious, constructive people with the same vision for the future of america that i do and most of my party members doi. but you could get jim demint, a member of the tea party caucus here, a small caucus here. but he's a serious man, whether you agree with him or not, he's a serious man about his vision, about his passion. but he probably won't be on a committee i. i wouldn't rule anybody in or out. i am only going to consider those who want to be on the committee. we will have an announcement soon about who they are. senator demint is a very effective senator, an
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outstanding spokesman for his point of view. anybody who wants to be on this committee will be considered. i have a completely open mind about who outto be on t. but i am moving soon because the committee has to get going. >> some senators have enough intention to retire. if you put them on the committee, they won't be beholden to anybody. that might be an idea. does that enter into your calculation? >> my calculation is that i want to put serious people on there who want an outcome. we have had too much gridlock. we need an outcome. otherwise, we are not going to have medicare available in just a few short years from now. we need to get a result. and so i want people i consider solid conservative who is want an outcome. >> now, you are a member of the u.s. senate, but you are the minority leader. many americans don't know what that job is. how does your job differ from a rank-and-file senator? >> i have two jobs, the regular
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job, representing ken tucket and leader job on top of it, which involves dealing with the member, trying to help us come together on different points of view, different people from all over the country. a little bit like the choir director, hoping nobody will sing offkey. it's a time-consuming, challenging job. but we have had good teamwork this year. i am proud of our members. and we are a lot more relevant with 47 in a body that takes 60 to do anything. we are much bigger players in this congress than we were in the last congress when the democrats ran the house and the senate and had the white house as well. >> do you attribute that to the large membership in the house of freshmen g.o.p. and the tea party? >> it's great. without them, we wouldn't be having this discussion. last time the debt ceiling was raised was in the previous congress by a $1.9 trillion.
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they air-dropped it into obama care with no spending cuts. the days are over when this debt ceiling will be raised with no spending cuts. i would say this, the next president -- who are that is -- will be askingitous raise the debt ceiling again. we have set the temp late for the future. you ask for a debt ceiling increase, we will demand something about pend -- spending and debt. >> what's your thought about dealing with president obama? >> he's a smart guy. i like him. we have very different points of view. but we had to get an outcome. the american people expected us not to default for the first time in american history. i said that the last two months. it was not an option. we needed to use this opportunity presented by his request of us to raise the debt ceiling to do something, to do something about deficit and debt. and we did. >> stock market took a plunge today and there is the threat of our credit downgraded. how do you intend to address
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that in any way? >> look, i think we need to quit doing what we are doing. we need to quit threatening to raise taxes, quit over regulating, pass trade deal and it is growth is going to come from the private sector. if the government will quit overregulating everybody. i meet everybody day with somebody in every segment of american life who's dealing with dramatic new sets of regulations. so it's got the country all clogged up. people are afraid to borrow. people are afraid to lend. the president needs to go in a different direction. and cutting back on the regulatory burden is something he could do with the stroke of a pen. call the regulators off and let the private sector grow and develop. >> have you told him that? >> i had, both publicly and privately. they think the smart guys are at the white house. it isn't working out too well. we have 9.2% unemployment, higher than when he came to
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office. increased spending 24% since he came to office. he needs to quit doing what he is doing with spending, with borrowing, quit over regulatorring, pass the trade agreements, which is one thing i think we do agree on. >> this morning, you said on the floor that nothing's personal. you know, everyone fights for his or her position, but the bottom line, the american people should know it's not personal. >> listen, it's not personal at all. any differences we have and express publicly, pale in comparison to what jefferson and adams said about each other, what jefferson and hamilton said about each other. >> and the resolution that expires on september 30 on the 2011 budget? >> yeah. we have to negotiate again. as a result of not doing appropriation bills, we're back up against the end of the fiscal year.
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one of the good things in this bill that we just passed, we set the spending total for the discretionary budget for '12 and '13, which will make it a lot easier. >> thank you, sir. >> thank you, greta. >> how badly damaged is our nation's reputation? can the united states economy bounce back? the new york times business reporter is here. good evening, louise. to what extent is this plummet, 8 straight days, as a result, do you think, of the debt ceiling debate here? >> you know, this doesn't have to do with the debt limit. this is the economy of the last week, you were hearing a lot of noise from different lawmakers and different people on wall street that the debt limit it to be increased right away to avoid a catastrophe this week.
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so it was today. but yet, we had somewhat of a catastrophe in the stock today. the stocks have erased all gains for 2011. this has nothing to do with the debt limit. it has to do with the economy. we have had very bad figures about the economy. gdp growth is a lot less than we thought. people are talking about a double dip. consumers are not spending. manufacturers are not manufacturing. so people are very concerned about the tepid growth and possible stumble back towards recession zone. >> are people on wall street saying that sort of the overstatement about what would have happened if we bounced up against the debt ceiling, that it was overstated, how catastrophic it would be? if you are telling me it's unrelated, if the economy going down for the last -- the stock market for 8 days is not related to this debate? >> well, you know, what people are saying is that -- look, it's good that the debt situation is
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taken care of temporarily now. but that what you are seeing sen the stock market has to do with the economy. if you look over the last week, stocks were falling all of last week. but while they were falling, people were buying treasures. even before the debt limit was taken care of, people were buying treasuries. so that shows they were not so concerned about the u.s.'s commitment to paying back. they were more concerned about something else and that was the economy. you know, the housing market is still bad. companies are sitting on record levels of cash, but they are not spending. so we are at a standoff in the economy and no one knows how it will get better. >> republicans here in washington and even senator mcconnell said that what is choking the stuff about people holding onto their cash is the regulations in businesses that businesses are under right now. is that what the business community and wall street is
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telling you? or is that political rhetoric? >> have you one side that says that we need more federal spending, more federal stimulus and that side is saying, this debt deal could be really bad because we are going to cut off federal spending and that will ruin a recovery. but you have the other side saying federal spending just gets in the way of what companies want to do, the government does not spend efficiently and getting the government out of the picture, keeping taxes down will more so help companies spend. and so, that's the debate and you know, people certainly go to either side of it. >> let me ask you this, in light of that, the stimulus people, february '09, i was looking at your paper, gdp numbers that came out friday, horrible. the economy growth in the second quarter, horrible. manufacture numbers, slowing. and it goes through so many indicators and that's the product of the stimulus bill in february '09.
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so are economists giving up on the idea that they need to stimulate more and go to plan "b"? >> no, there are a lot of economists saying we need to stimulate more. the more liberal economists are saying we need more stimulus. they say the stimulus was not big enough. and that it tends to be the more conservative who is are saying, no, look, that was a failed approach. we need a different approach. >> is there any indicator that the stimulus bill from february '09 is working? is anyone pushing that indicator up? >> the economy is not stimulated now. the economy is not recovering. what we will never know if we didn't have that stimulus, would it be worse now? but certainly, the economy is not working right now. >> louise, thank you. >> thank you. >> straight ahead, many republican senators voted yes to raise the debt ceiling. but why did chuck grassley vote
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yes? he says there is one advantage to the new law. but is there a catch? and since the debt ceiling was raised, why does the nation tonight have new fears about our credit rating? is there another problem? you are going to find out. and donald trump, he's standing his ground and it's getting personal. what is going on with donald trump? hear from donnel in a few minutes. stay tuned. is are [ male announcer ] this is the network. a network of possibilities. excuse me? my grandfather was born in this village.
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>> greta: is the debt ceiling law a band-aid on the economy? the law raises the debt ceiling cuts more $2 trillion on our debt over the next ten years but with a what was when 2013 comes? >> explain this to me. in terms of the debt ceiling deal, change in the first year, in the second year and when are we going to see the last $900 billion in the first group of cuts? >> as we always do when we budget it's spread out over a ten-year period of time. $900 billion is working ten years. if that is carried out, that is not a bad deal.
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so often we see congress change things along the way. so you are only sure of what is going to be for the next couple of years. for itself year $21 billion throws be spent next year than being spent this year. remember, that is just 15% of the budget we call discretion ear. 44% that is entitlements, it doesn't affect that at all. that is going to go up 6-7%. so if you look at the entire expenditure it's going to go up next year regardless. >> greta: the thing that caught my attention, it's a ten-year plan. to the extent anything is certain but the ceiling, debt ceiling is being raised through 2013. so we all have the hope that the economy is really going to rev up or come 2013, we are not sitting with all these cuts that we are planned for. we night be up a ceiling again?
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>> no march of 2013, we're going to be back here doing the same thing. the only advantage is this. we have established a principle. i say this even if i voted against the bill. the principle is established that we are going to reduce expenditures dollar for dollar for an increase in the debt of a dollar then we've established a principle had that goes on for ten years at the end of ten years we'll have $10 billion surplus. again, with you got to always raise questions, is congress going to stick to its guns? that is a question that is out there. since it's kind of like a bird in a hand, like two in the bush, you a know. >> greta: but if you cut to the year 2014, what we're going to cut, come march 2013.
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we to have raise the debt ceiling. we need to find something to cut again or raise revenues? >> but here, that shouldn't be very hard. let me explain why that isn't very hard. there has to be a lot of room in any budget. you get the president smigtd a budget on february 14. then you get a lot of heat from his own democratic party. so on april 13th, he revises it. in a speech. national speech, and already he has found ways of saving $4 trillion. okay? we go through this process that we went through the last two or three weeks, we voted on it today. we found another way of saving another $12 trillion. so -- $12 trillion. -- $2 trillion. if a budget that has a $13 trillion deficit and later it will be $9 trillion budget and
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congress acts and it's going to be $7 trillion to the national debt. did we started out in the real world and probably we didn't. washington is island surrounded by reality. >> greta: should the american people watch what is happening in terms of this vote, does the american people feel like we are on the right path? or should the american people think there has to be structural changes and lots of promises? >> there would be structural changes and the 15%, that is discretionary. most structural changes in entitlements, 44% of the budget. very little change in the 20% of the budget that is -- if you are going make changes they are going to have to come in the area of defense and entitlements. i don't say in the area of entitlements just to safe money. its case there, are you going
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save the program for our children and grandchildren. they won't have any benefit from it if we don't make structural changes. >> greta: how do you feel about the committee? would you like that serve on it? >> i would be willing to serve on on it. the leadership put out, tell us if you are interested in serving on it. it's not going to be a an easy job. if they don't reach to some agreement by thanksgiving. you have these automatic across the board cuts, 50% for medicare 50% for defense and i don't know how you are going save that from defense and medicare. these be broader based than that. >> greta: how do you think the american people good about this, bad about this, wait about it or indifficulty? >> if i want to be kind, wait and see. knowing how congress has acted in the past on efforts to reduce the deficit and have automatic triggers and have those
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automatic triggers overwritten by acts of congress later on because they didn't have cuts to follow through, then you ought to be pretty cynical about it. >> greta: thank you sir. always nice to see you. >> greta: good news and bad news. moody's says it will continue to give the u.s. a aaa credit rating but that is not a universal feeling tonight. find out what it means for our economy and you, coming up. toomey is shaking his head. the debt line was never the the debt line was never the problem. [ jelani ] neither of my parents went to college.
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>> greta: short time ago, president obama signed a debt limit bill into law. credit rating is in jeopardy. standard & poor's have indicated they might lower or credit rating. and independent rating company has downgraded the u.s. to double a plus. lis, nice to see you, credit agency, i think this is one that got us into their mess. this credit rating issue how serious is it? >> moody's has put the u.s. on a
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negative out look, usually what that means there is a one and three chance of a downgrade. what moody's is citing, it's interesting greta, like what s&p has saying it wasn't an external shock that the u.s. economy that s&p 500 put the u.s. on a fast track for a downgrade 50s 50 odds if it didn't come up with $4 trillion in cuts. s&p 500 cited the infighting in washington, d.c. they called it acreate mondayous infighting over the debt ceiling fight and deficit reduction site being detrimental to the u.s. credit rating and also moody's is echoing the same sentiment today with the negative outlook on the u.s. debt. >> any other credit ratings in the last couple of days made any sort of admission, we sure bush we hadn't given the toxic credit
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swaps, cbo's high triple rating. has anyone made any admission they have made a mistake? >> we haven't seen it. these credit rating agencies have been testifying before congress and they have been holding their feet to the fire, you are right. they have been heavily criticized. the sense there may be more activists they dropped a lot of ratings for a number of countries in the beginning months of this year. they chopped a lost corporate bond ratings and they have been going after greece and portugal in downgrading those countries, too. >> one of the things, how the world looks at us. you know one of the on things, i find insignificant, chinese rated agency but they have taken a whack out of us? >> china has its own problems that we are still learning about because it's not a transparent
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economy. china has a massive amount of debt on its books that it's not telling us about and state owned enterprises. but getting back to what happens when a country is downgraded. we look to japan. japan lost a lot of credibility in standing in the world when it was downgraded by the credit rating agencies, still suffering. you know what, it's borrowing costs still dramatically low. an average of around 2% since 1987 is that where the u.s. is head snd effectively the u.s. government is still borrowing at teaser rates. investors are saying what is a safe haven, euro zone or asia so they are turning to the u.s. as a safe haven. >> greta: they are watching what the credit agencies are doing. why should somebody sit at home care if it's downgraded? what is the real impact on
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america? >> fear is that if the u.s. gets downgraded, then what happens is sblevts say -- oh, wait a second its risky investment a downgrade means they not pay up on the interest or principle on the bond. so quickly. the u.s. has to offer more in the way of interest or yield to investors so the yield then would go up. that is theoretically what would happen. because borrowing rates are pegged to the treasury yield, loan rates will go up. car loans, credit cards will go up. certain types of mortgage rates would go up. that would be the problem. they are getting back to what is going on now, both moody's and s&p 500 are saying the economy has to grow. we need to get echo to stabilize the debt picture. we have seen economic growth at just 2%. that is anemic. what that means is, on a $14 trillion economy, which you do
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the math, it's 2% annual growth, it's only about $280 billion that covers the interest costs on the u.s. debt. when the credit ratings are very worried about that. they want economic growth to come back to the country so the did it picture stabilizes and they are concerned that may not happen as the debt continues to grow. >> greta: liz, i hate when credit agencies have their foot down our throat. >> there are no tax hikes in the bill but it looks like harry reid has different plans. we'll tell you when pat toomey goes on the record. and. >> donald
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>> from america's news headquarters, i'm ainsley
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earhardt. the trial of former egyptian president hosni mubarak is set to start within hours. the proceedings at the police academy outside of the capitol of cairo come nearly six months after he was toppled in an 18-day revolution. the ailing 83-year-old is on his way to attend that court hearing. mubarak is charged with premeditated murder by unleashing police on demonstrators. at least 840 people were killed in the uprising. if convicted, he could face the death penalty. our government is likely to lose more than $1 billion in uncollected air fare taxes. the partial stalemate won't be resolved until congress returns from recess next month. nearly 4,000 faa employees will be out of work until then and hundreds of airport construction projects must be delayed. i'm ainsley earhardt. now back to greta. thanks for watching. and back to greta. >> the senate passed the debt ceiling bill and averting a potential or possible economic
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disaster. lawmakers are setting the stage for the next political showdown. many republicans say they will not accept tax hikes out of the super committee. but senate majority leader harry reid has different take? >> as early this morning, republican leaders in the senate say there will be no revenue. that is not going to happen. otherwise the trigger is going to kick in. the only way we can arrive at a fair arrangement for the american people with this joint committee is to have equal sharing. it's going painful. each party if they do the right thing it's going painful for them. because to be fair we have to move forward. it has to be equal. spending cuts, there has to be some revenue that matches that. >> greta: so what is going on. earlier today we asked pat toomey about that and why he voted no. >> greta: you voted no, why? >> the bottom line for me, greta despite good efforts by good
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people here, i'm afraid this bill doesn't change the fiscal round. it's unsustainable course. we're already in an unsustainable place. >> greta: the bill is supposed to bring the debt ceiling through the year 2013, will it? >> i'm doubtful. we're going get a revised budgetary outlook from a congressional budget office, the non-partisan accountants to evaluate this and they will probably project it won't get it through. but go to the underlying problem. i've argued that the big deal is not the debt limit in august 2nd but rather the debt. the deficits that we are running and the mounting debt. that continues to be my concern. >> greta: when you are being whipped, time to get you to vote yes on this, you raised those concerns, those that wanted you to vote yes, did they say no,
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you are wrong? >> no, in fairness, there was no arm twisting and no threats. there was no heavy-handed. >> greta: did they say you are wrong with the ideas? >> we generally agreed, but there is the best we can do. i think i'm sympathetic with that argument. giving all credited where it's due, conservatives, republicans, john boehner moved the president a long way. remember he wanted this huge debt increase and then he said he wants a big tax increase. we were able to avoid that and initiate a discussion and that is constructive. the problem is in two years we'll be in an unsustainable place. >> greta: no tax inyeast crease in the first run. harry reid said after the vote there will be revenue increases which people take to be tax increase when the committee meets. revenue increase as far as the democrats are concerned is going to happen. >> its theoretical possibility
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given the construct. i don't know how he said it because how can he predict what 12 members of congress are going to vote. >> greta: he said if they don't do it it will set off a trigger and republicans will be very unhappy? >> it's way too soon to conclude there has to be a tax increase coming out of the committee. the way we need to get revenue is more growth. tax reform would be very constructive and would help our budgetary situation but big tax increase like harry reid wants, i don't think it can pass the house or the senate. >> greta: everybody talks about job growth. we're two years into the stimulus bill. we don't have it. 9.2% unemployment rate. what is it that is going to rev up these jobs and get the jobs before the committee meets? >> i don't it will.
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unfortunately what is harming our job creation is this chilling effect we are having from policies in washington. the fiscal uncertainty is a threat of higher interest rates, higher taxes and that discourages entrepreneurs sburs and businesses from expanding. this en we have a regulatory environment, from expanding their business and what the epa is doing is devastating. so the combination of the policies is absolutely having a chilling effect on job creation. if we would get that right, i'm confident the private sector would take off. >> greta: the thinking was if we raise the debt ceiling that would give more certainty in the markets. first things the market took a big drop today. >> it was off a little bit yesterday. i've been the one arguing for a long time the market isn't so much fixated on whether we raise the debt limit, market wants to know we're going solve the
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underlying problem. i would argue we haven't solved the problem. >> any interested on that committee? >> i would be delighted to serve on the committee. >> greta: have you asked to be on the committee? >> i do intend to be considered. we'll see hoyt goes. >> greta: in terms of how this is played out on capitol hill, americans have been watching this from afar. it seems like everything has to push up to the deadline we hear the entitle going to be pout line so people can read it. this hasn't happened? >> part of why this doesn't happen, we don't follow the normal process. as dysfunctional the government has been, it doesn't have to be this way. for instance, we have a mechanism for laying out a plan, for spending and revenue and deficit called the budget. congress is required to produce a budget, unfortunately our democratic colleagues in the senate refuse to produce one in clear violation of the law for the second consecutive year. that is why we find ourselves in
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these situations, we are not following a transparent process where they can be aired and amended we could get our ray to a reasonable solution. >> greta: on september 30th, the continuing resolution with funding government expires? >> yes, it does and this bill establishes a spending level for the next year. what we should be doing is a proper budget. >> greta: senator, flies to see you. straight ahead, donald trump is fighting back. this time its personal. what has him fired up. and embattled donald trump. and embattled donald trump. and big scare and it's at exxon and mobil, our smart gasoline works at the molecular level to help remove deposits and clean up intake valves. it helps your engine run more smoothly and leave behind cleaner emissions. it's how we make gasoline work harder for you. exxon and mobil.
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>> greta: top story but here is the best of the rest. is donald trump under attack for being messy? apparently trump's critics think he needs to do some housekeeping. >> some of the writers, some of the ones that are not so smart. they say the desk, trump has so many papers on his desk, let's analyze everything on the desk and they do the best and they fail. but the fact is, i've noticed over the years successful people
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have a lot going on on their desk. my desk is my office. it's very important part of me. frankly, it's very important part of my success. everything i do comes right through this desk. so, if it's not perfectly neat, if there is a lot of action, i think that is okay. i actually think that is a good thing. many people have been asking about my desk and the fact that i have so many papers on my desk. it's actually very neat. i know where everything is, but if you look around, i mean there is a lot of stuff. the fact is, i'm busy. i always noticed that busy people, people that are very successful in many cases have a lot going on on their desk. >> greta: if that is the case, as successful as donald is, we should expect his desk so to be messier. donald trump will be here tomorrow night to go on the record.
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and a tennessee family got the shock. water mocas slitered up their windshield while they were driving. and they captured it all on a cellphone camera. a for the snake, the reptile tried to crawl down the side of car. this is a huge hit on the internet. >> this man is messing around. he said retired people parking in the bike lane. they are doing a stunt to make a point. he is bringing out a huge tank and crushing the cars, at least that one. it doesn't seem so sad to us anymore. there is the best of the rest. coming up. is president obama being sincere? what is going to go on with the
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excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say.
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>> greta: time for your last call. president obama is thanking americans for help with the debt ceiling mess but jon stewart is saying not so fast. >> well, i'll tell you this. the president has got to be pretty upset about what is taking place here. >> i want to thank the american people. it's been your voices, your letters, your e mails, your tweets, your phone calls, that have compelled washington to act in a final days. >> let me just stop you right there. you're not pinning this turd on us. the last time i stepped -- if it's the buck, the buck stops with you, not the twitter-verse. >> thank you for being with us tonight. blame that one choice on our staff. i didn't pick that one but

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