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tv   Happening Now  FOX News  October 16, 2013 8:00am-10:01am PDT

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martha: we are. together at rest of the day. yea. bye, everybody, "happening now" gets started right now with jenna and jon. jon: a fox news alert and we might have a deal. good morning, to you, i'm jon scott. our sources on capitol hill are quoteing a senate aide that says the reid-mcconnell legislative text is finished. that is a deal the two parties in the senate, the two respective leaders of their parties have put together. senate republicans are going to meet, well, just about now to discuss that deal and according to senator ayote cited by the ap, they are expecting to make a formal announcement about the legislative language. wouldn't that be good news if all of this could be over at least for a time? jenna: almost too good to say, so we won't say it yet. we'll wait for the official announcement. meantime, hi, everybody, i'm jenna lee. it is now day 16 of the
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government shutdown. certainly a lot of our patience and certainly yours, has been tested last two weeks. all eyes are on capitol hill where fox news confirmed leaders have reached a deal to reopen the government and raise the debt ceiling. what is driving urgency warnings from the obama administration along with the timeline in general. if no deal is reached the government risks defaulting on its debt for the first time in american history. senior white house foreign affairs correspondent wendell goler is live at the white house with more on this. wendell, what do we know about the senate bill and whether or not it can pass the house and whether or not we see any vote on it? >> reporter: jenna, the senate bill would restart the government for a few months and to give house negotiators time to put together a year-long spending bill that would reduce the deficit and get the country out from under the across the board spending cuts known as the sequester. the only obamacare requirement
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that people verify their income if they qualify for subsidies at the health care exchanges. house speaker john boehner tried and failed to get republicans to pass a bill yesterday mostly because they insisted on more obamacare delays and restrictions that the senate will accept. wisconsin congressman sean duffy says republicans are pretty united about their goals but not necessarily their tactics. >> you have to work within the system in divided government that the electorate gave us in trying to stop progress of these liberal policies and systematically move the country to the right. tough actually connect with the american people with your policies, so you can win elections. and some who want to push it too far with strategies that don't work in the end turn off the american people. >> reporter: duffy thinks 20 or 30 house republicans will vote for the senate bill that forces speaker boehner to rely mostly on democrats to pass it, jenna. jenna: we'll see what happens when the dynamics emerge from the vote, whenever that vote
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might happen, wendell. what about the president? what is his role in all of this? >> reporter: the president is criticized for not leading the negotiations and accused by the republicans for refusing to negotiate. president has been meeting with congressional democrats to try to hold them together. he met with them here at the white house late yesterday. his efforts in the house fell apart. he told wabc that past efforts to negotiate directly with speaker boehner haven't worked out too well. >> him negotiating with me isn't necessarily good for the extreme faction in his caucus. it weakens him. so there have been repeated situations where we have agreements. then he goes back and turns out he can't control his caucus. >> reporter: once we get past this current crisis the president is likely going to have to negotiate with boehner to avoid doing all of this all over again early next year, jenna. jenna: not too far away. some of those timelines in the supposed, quote, unquote, deal. we shall see, wdell.
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thank you so much. more as it comes. jon: could be back at it again in mid-january. now since the last time we saw you here on "happening now" a lot has happened on capitol hill. here's just a sampling of some of the back and forth. >> trying to find a way forward in a bipartisan way that would continue to provide fairness to the american people under obamacare. there are a lot of opinions about what direction to go. there have been no decisions about what exactly we will do. >> extremist republicans in the house of representatives are attempting to torpedo the senate's bipartisan progress with a bill that can't pass the senate. can't pass the senate and won't pass the senate. >> if there is any hope here that they don't have the votes. so why are they doing this to the american people? sabotageing a good faith bipartisan effort, coming out of the senate. wasting the public's time. >> i again urge my democratic colleagues, we know you have the upper hand.
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isn't it time that we helped to find a way out of this which is what the american people want rather than who won and who lost? the only people that are losing right now are the people of this country. >> for speaker boehner, for example, him negotiating with me isn't necessarily good for the extreme faction in his caucus. it weakens him. so there have been repeated situations where we have agreements. then he goes back and it turns out that he can't control his caucus. >> they stalled because of this deliberate effort in the house, started by the tea party caucus and once again, speaker boehner has allowed that part of his caucus to run the show. >> no votes for tonight. we'll see you. >> here are some of the details as we understand them, from the senate bill, put forward by a minority leader mitch mcconnell as well as majority leader harry reid. it would allow the continuing resolution through january 15.
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that would fund the government through mid-january. it would allow a debt ceiling increase through february --, i'm sorry through february 7th. that would obviously allow the country to pay the bills for that amount of time. the president will retain the ability to take extraordinary measures that was one of the sticking points yesterday when conservatives wanted to deny him the extraordinary measures opportunity to move money around to pay the country's bills. on top of that there is income verification for those who receive subsidies on the insurance exchanges under obamacare. that is the one apparently issue involving obamacare in this proposed compromise. and there are also instructions for a bipartisan budget committee to report by mid-december. the sequester, we understand, would stay as is. no flexibility to change anything that is in the sequester. doesn't sound like a huge deal but these days on washington, in washington, it is hard to get
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anything agreed on, so, we'll see how this one goes. jenna: let's go straight to capitol hill now. standing by, senator angus king. he is a independent from main. senator, first of all nice to have you back on the program. been a while since we chatted. >> jenna, nice to be with you. jenna: tell me a little bit about this deal? what do you know about it? what can you tell our viewers? >> it was just outlined. that's all i know. what i've been hearing in the last hour they're close, they're close, they're close and now apparently in the last few minutes people actually said they have the language and that the details will be emerging. but essentially the good news is that we're going to get through this shutdown default situation. the bad news is it is only for two or three months this is as my father used to say, a hell of a way to run a railroad. certainly not much of a way to run a government either and i hope eventually we can get off this crisis to crisis way of
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governing. jenna: i'm sure a lot of our viewers share that sentiment as well. i want to talk about bigger issues in just a moment but i'm curious about the timeline. have you been made aware of any votes coming up the next few hours? how do you see this playing out so we don't pass into the danger zone where we're on the verge of defaulting? and how confident are you that this deal will actually pass through the house? >> well, i'm reasonably confident. i think it has been clear for a month now if speaker boehner brought something like this to the floor of the house, it would pass with enough democratic and republican votes. he has been holding to the so-called hastert rule where he has to have a majority of his caucus before even brings a bill to the floor. i don't think he will be able to maintain that today. what i'm hearing is that the house is going to move something. it will be over to the senate and it could move very fast. now the other big question mark is whether senator cruz and mike lee and some of the other folks
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that have been working this hard from their point of view are going to try to filibuster, slow things down, object. so the question is can we take care of this in a day or so, even by tonight or is it going to drag out into the weekend because of a rear guard action by those who don't want to see a settlement occur? it is going to occur. i think now it is just a question of whether it is going to be in the next 24 hours or the next 72 hours. jenna: a lot of what ifs. we'll leave those until we learn a little bit more from those members and get more of a timeline. senator, we talked the day after you were elected into office and one of the things you said to me, you said unless we start talking to each other, finding common ground, it is public and people that end up suffering and i hope to nudge the senate in the right direction. you're new to all of this. how bad is it? is it fixable with the members that are currently in office, or do some real changes have to be made? >> well, it is pretty bad.
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in some ways it is worse than i expected although we have been able to do some things on a bipartisan basis the student loan compromise in the senate. the immigration bill, we're pretty solidly bipartisan. there are little bills passing here and there. but when you get to this budget stuff you're talking about the core values of the two parties and it is very hard to resolve but, what worries me, jenna, is, and i heard the interview with the republican congressman before and he was right, that the way you change laws and make policy in this country is by winning elections. and what bothers me is this, using the debt ceiling or the funding of the government as a weapon to get something that you want that you couldn't get because you don't have enough seats in the senate or you don't have the presidency. so i would like to get back to democracy with a small d, following the constitution, and abide by the rules as they have been established and not go through this constant hostage-taking situation to get
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something in that process that you couldn't get through the normal process. jenna: we heard the term hostage-taking from democrats. you're independent but you do caucus with the democrats. you also have a meeting with folks like senator collins who came forward with an idea, bipartisan effort, to try to fix this a few days ago. how do you feel about how the democrats have treated the republicans in this, in this 16 days? do you think both side are guilty of, disrespect, of not elevating the conversation, or do you agree with how the democrats have handled it? >> well i think there has been some pretty hot rhetoric that i don't think contributes to a solution. i've met john boehner. i don't think he is a bad guy. i think he is doing a very difficult job as well as he can. he is in a very tough situation over there. so, yeah, i think we could be a little calmer on both side about what is going on. i used the word, hostage, because i don't know how else to characterize it when somebody
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says we're not going to let the government run and we're going to flirt with the default of the full, faith and credit unless we get what we want and if you will recall this all started out with an effort to defun and fundamentally repeal the affordable care act. that didn't work. the votes weren't there to do it. so it shifted to other kind of things but, whoever is playing that game i think it's a bad, it's a bad way to go because it, again, if you want to make policy, the thing you have to do is win elections. jenna: senator king, great to talk to you. i know you said you were going to try to bond with some other former governors in the senate. see if you can coalesce a group of bipartisanship. come and talk to us about your efforts there. >> that started happening and three members of the bipartisan group with susan collins and joe manchin were former governors. i like to think we have something to bring to this
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process because we understand about compromise and we understand about getting things done. jenna: that is what you said about governors. they had that experience. there you go. senator king, great to see you. look forward to have you back. >> thanks, jenna. jon: compromise, that is a tough word to find on capitol hill these days, all over on washington. don't want to put it on the members of the house and senate. we'll take you back live to washington momentarily. there is word of a deal, at least among two leaders in the senate. but we heard this before. will the house go along, will it be enough to end this gridlock, on capitol hill.
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jenna: fox news alert and a headline, a tentative one, that there is some sort of deal that has been reached in the senate that could avoid further government shutdown and could avoid a default as well.
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just want to show you quickly what is happening on wall street right now. again this is just a report but just to give you an idea how sensitive folks are to any sort of news that there might be any sort of deal we're seeing the dow rally 200 points. it could go the opposite way, you never know. it is a few hours before the close and everything and anything is happening down on capitol hill. that's where we find doug mckelway. he has further details what happens next. have these reports of a deal. now what? >> reporter: i'll tell you everything i know, jenna, at this point. apparently the language of the senate deal has been now finalized. we're hearing senate republicans are huddling at 11 this morning, 11:20 right now. they're in the strong thurman room, just off the quarters of the senate chambers to discuss the final deal. let's look what is included in the senate deal. a continuing resolution through january 15. debt ceiling increase through
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february 7th. it would require income verification for those that receive subsidies on insurance exchanges. that sounds like a bit of a bone thrown to conservative republicans but they're unhappy with that. that is the law that was originally intended but it has not been enforced. so they're not happy with that. a bipartisan committee of both houses to report by mid-december. that is potentially a real problem area. it just kicks the can down the road. these two sides, democrats and republicans in the conference will be idealogically driven to some extent. they have their ideas what a good budget is. it will be very, very difficult to iron out. that is basically what we have here. jenna? jenna: doug, i'm seeing this pass by reuters. i will hang it on them. this is their report right now. the republican-led house is expected to pass the senate measure relying on democratic votes. we heard that before that is something boehner might have to do. give as you little context with that, if that indeed does happen
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and that is indeed the case. >> i'm sure that is the case. that is the scenario everybody is conjuring up right now. that seems very likely indeed. we saw last night they called off all votes in the house because boehner knew he simply didn't have the votes necessary for the republican plan. i heard some house republicans here say today they were very upset with the deal, when the language was taken out of the house plan which eliminated the repeal of the medical device tax. that is one thing they were very upset about. so republicans were opposed to that. if the house gets this new senate plan as we do expect, they will have plenty of democratic votes. they might not have the tea party republican votes, anywhere from 18 to up to perhaps 25 republicans. that will be more than overcome by fairly large majority of democratic votes. so it sound like it is pretty much a done deal. the other question, which lingers at this point is, which house will vote on this first. the constitution as we know, stipulates that all spending
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bills have to come from the house side. there are a lot of legislative and parliamentary nuances in that. we know that the senate deal is the one that they're looking at right now. the senate can technically take language from some earlier republican house bill and strip the language out of that, put in their own language and make that the new bill. so i think, i'm not an expert on this, i think that would suffice as having originated in the house. the senate can go ahead and vote on it and boot it over to the house for their vote. in any event it looks like we'll have some sort of a deal unless there is truly some 11th hour consternation about this, jenna. jenna: a lot of folks thought that yesterday too, doug, right? >> reporter: that's true. jenna: we'll see what happens from this point on, doug. great information for us. thank you so much. >> reporter: sure. jon: we keep talking about deals. it appears there is one but it down matter until the votes are counted. who are the political winners and losers in this whole weeks
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or even months-long mess? we'll be talking about it with charlie hirt and juan williams after a break.
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jenna: fox news alert. at 11:24 ears coast time, this can change any moment, but we hear there is some sort after deal worked out in the senate that may get passed in both chambers. here are a few key points of this. basically it would reopen the government. there would be continuing resolution us through january so we would get through the holidays and the government would be funded. the debt ceiling would be increased through february 7th. of course all of this would restart again after that because they would have to figure out a way to work together on a larger budget, the budget issues that are facing the country.
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so it doesn't necessarily solve all the issues but delays them a little bit. here is a quick note, what about health care, how is that included in this? obamacare is not part of this deal at all except for one point. there would be income verification for those americans who need to receive subsidies through the insurance exchanges. that is the one obamacare point that has been a big sticking point for tea party republicans. we'll see what happens as this continues. 11:25. it could already have changed. jon: one point you're talking about. that is not a great deal of money. they're not talking about obamacare. jenna: medical device tax, all we heard about, doesn't look like it is part of the deal. jon: we'll see. the speaker of the house john boehner suffered a pretty serious setback yesterday delivered not from democrats or the white house but members of his own party. house republicans refused to support a plan to end the government shutdown even though it did contain a few concessions to conservatives. it might have been the last chance for the house gop on "the kelly file" last night, fox news
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political analyst juan williams said speaker boehner needs to rally his members and the fact that he can not is hurting his party in juan's opinion and also hurting the entire country. here. >> i just think that independents are running away from the party. you know, i don't think anybody wants to see speaker boehner, you know, weakened in this way. i mean it is not just good -- >> nobody? >> no, really, chris i think you need a strong speaker just like you were saying you would like to see more leadership from president obama, chris, i think people want two parties that can negotiate and make a deal. these guys are crazy. >> and i think he means both parties in that. juan williams joins us now along with charlie hirt, a columnist for "the washington times." i have that right, juan, you think both parties are a little bit crazy in their inability to get a deal done here? >> yeah. i mean i think that's the whole theme of washington, the way that people are thinking these days, that is winner-take-all.
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i don't think that is politics. i think the heart and soul of politics jon, is about making deals and compromises and you just don't see it right now. everybody is at hammer and tong to punish the other side. jon: charlie, you look who we elected last time around, we have a president probably the most liberal in my memory yet you have a house dominated by people who were sent to washington to cut deficit spending and reduce, reduce, you know, government spending generally. >> yeah. you know that has been kind of one of the most troubling aspects of this entire debate is the caustic nature of the accusations somehow the republicans in the house are terrorists or kidnappers or arsonists and things like that when the truth of the matter is, they came to, they're representing a very, first of all they're representing american people and they're doing exactly what those people want but they're also representing a very legitimate point of view in that they want this wild, insane government
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spending to be brought under control and one of the most important levers in that argument is this, is battling the, this constant raising of the debt ceiling. and they do it just willy-nilly. and as has been noted widely, president obama himself, when he was in the senate voted against it, argued passionately against raising the debt ceiling because it was insane to dump all this debt on our grandchildren. jon: right. >> so the fact of the matter is, they are representing people with a legitimate, legitimate position. jon: so, juan, why can't the president harken back to those days when he was so against raising the debt ceiling when i think it was a whopping $7 trillion? that was $10 trillion ago or so. why can't he budge on this particular issue? >> well, i think that was a symbolic vote by a guy who knew that the votes were there to raise the debt ceiling, he since said, that was pure politics at the time. right now this is serious, serious deal here as we approach
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the brink and you see, you know, fitch and others saying you know what, if you do this we'll downgrade you and it will have international repercussions and possibly take us back into recession. i think that is whole another item. but on the larger point here, i just think i look what happened to speaker boehner yesterday, that you've got to hold the line, you have got to say speaker boehner is an important player. republicans need leadership. right now, even as we think about what is going to happen when that vote goes back to the house later today, the question is, does boehner get punished for this, jon? does he get punished by hard-line people who say, well we didn't get anything on obamacare. or do people acknowledge you need leadership for entire country. you can't just represent your little district and say, well my voters in my district hate obamacare so i will take down the entire government. jon: i guess, charlie you could say the same thing about the president. he is the one who represents the entire country and he is representing a country that
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elected a house to do the things i said earlier, reduce government spending and reduce the deficits. >> one thing is for certain, jon. you know the president that we see today is not the barack obama that we saw in 2008 who was a very, had very unifying message, was promised to be a unifier. promised to be leader for all of us and inspired lots and lots of even republicans to cross over and vote for him. this is a totally different guy and their strategy from the beginning, he joined up with harry reid and their strategy from the beginning has been to destroy john boehner in the house and they have done a pretty good job of it on this particular bill with a handsome assist from ted cruz in the senate. but that is what their goal is here. and i think, and i agree with juan, i would like to see much better leadership all over the place and, but that kind of, you know, kneecap politics is not, is not leadership in my opinion. jon: in about half an hour we'll
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be talking about all of this with karl rove. he says republicans have taken a beating but the democrats, particularly the president are weakened as as a result of all this going on. we'll talk to karl in half an hour. juan williams, charlie hirt, thank you both. >> you're welcome, jon. jenna: that is the bigger question, what is the impact on the country overall and leadership in general from either side? so we'll be talking a lot more about that. just to catch you up in the last few minutes there is some debate how this deal will appear, which floor it will appear upon. will it be in the house, will it be in the senate? we're still unclear about timing. timing matters as we're getting close to deadline for breaking through the debt ceiling or defaulting on our debt which is something treasury secretary jack lew jack lew said we would be at risk of doing. a daring rescue when a cargo ship hits a seawall. where this happened and how it ended next.
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jenna: headlines here about a potential deal in the senate. what we're hearing is that the government would be funded through january. the debt ceiling would be extended through february. so we would get through the next few months, through the holidays without having to do this all over again. also a small concession on the new health care law with income verification for anyone asking for a subsidy from the government. that is the one small concession. it is apparently part of the
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senate deal. our mike emanuel hearing from john boehner's office, speaker boehner's office saying no decision has been made how or when a potential senate agreement could be voted on in the house. time is of the essence here. we'll see who goes first and when it happens and bring the headlines when it does. jon? jon: now a look at stories still to come at this hour. take a look at the big board. the market has been surging this morning on word of a deal reach in the senate to end washington's latest budget crisis. now up 180 points but the thing still has to pass both houses. we'll talk about what you should be doing with your money in these days of wild stock market swings. tragedy strikes when a cargo ship crashes into a seawall. what through this ship so far off course? and a terrifying flight. passengers say an engine exploded in midair. they're talking now about their frightening experience. jenna: two girls, ages 12 and 14, are now facing felony
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charges of aggravated stalk in the death of a 12-year-old girl in florida. they were arrested yesterday and released to their paints. authorities say rebecca ann sedwick committed suicide after being bullied online relentlessly for nearly a year. rebecca's mother, spoke this morning with our steve harrigan. he is live in lakeland, florida, and has more for us now. steve, how is the family coping? >> reporter: jenna, the family is having a very rough time t was on september 9th, rebecca sedwick, 12 years old, instead of going to middle school came here to the an bonn dodd cementing factory. that tower is 60 feet high. she climbed it and after a year being bullied on line, she jumped to her death. still malicious posts keep coming. we spoke to the mother this morning. here is what she had to say. >> i was in shock. i can't believe she is going to post something like this. i mean, it was crazy and then i
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think started seeing other comments other kids were leaving. it turned into fear for her because she was geting a lot of threats. i don't want to see another child be hurt. i want justice to be served but i don't want anybody to be hurt. >> reporter: even after death online malicious posts keep being put up about the 12-year-old's, there is the victim's mother, worried about the safety of the 14-year-old girl who stands accused of bullying her own daughter to death. jenna. jenna: the two girls facing felony charges, steve, where are they now? >> reporter: that's right. one 14 years old, one 12 years old. the polk county sheriff's office has been very vocal and getting their pictures and names out in details of this case. the 12-year-old who has shown remorse has been released into her family. the 14-year-old who according to the sheriff has shown no remorse is in juvenile detention awaiting hearing. this saturday, rebecca's family will mark what would have been
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her 13th birthday. jenna. jenna: horrible story, steve, thank you. jon: it was a deadly crash at sea. a cargo ship that sinks after slamming into a seawall. details of the rescue efforts that were not entirely successful straight ahead. plus a look at the markets as we wait for a big announcement from capitol hill, up 194 points right now on word that there may be a logjam break in washington but it was way down yesterday when a house plan fell apart. next we'll talk about where you should put your money these days. twins. i didn't see them cing.
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of south korea much. strong wind and rough waves pushed the ship into a seawall. at least nine crewmembers were killed. eight were rescued. they are said to be in stable condition. jenna: a little bit of a tongue-twister. jon: shouldn't be that difficult but i made it. jenna: you did it just fine which is the bigger point. as the budget battle plays out on capitol hill americans are left wondering what is next and what it means for the bottom line? the dow has been an a roller-coaster yesterday. down 100 points yesterday. look where it is at today, up more than 200 points at the highest point in the market. some investors just want to figure out what to do with these wild swings. maybe get out of the market for now. others say you have to stay in the market because you have to look long term. you can't look at this immediate horizon. for the moment let's forget the lawmakers and ask a question regardless what happens in d.c., what should you do with your money? matt mccall is president of penn financial group. scott martin, chief market
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strategist for united advisors. nice to have you both of you gentlemen. matt, let me ask you first. you have to look at the end of the year, planning ahead for the next few months. what are you telling your clients? >> we've been buying pretty heavily over last couple weeks, i know what happened in government, we don't want to take that out of the equation, but what happened created buying opportunities of the as you mentioned, jenna, the market was down over 100 points yesterday. we had a couple of big down days. to me it's like going shopping to say, wal-mart, if you buy a new television, for example, would you rather buy it on a day when the price is higher or go in two days later when it is 10% off? i would rather pay 10%. i look at market at a discount because long term you will buy a tv regardless. why not buy it now when it is cheaper. >> everybody likes sales scott, that is true. a lot of us are not moving stocks in the markets every day. maybe it is in a 401(k). so what questions should we be
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asking someone advising us or handling our money? >> the nice thing about the 401(k), jenna, that money goes in at a staggered basis, to mat's point he said correctly, when the market drops maybe you have sometiming to get your money in. that's right, the market is selling off on the government news and if you drill down even further, jenna, you look at some names that have been hit pretty hard and a lot of them have been in retail because the consumer is affected by all the posturing in d.c. i think that is where you need to look looking in your portfolio for say, an opportunity because i always said the going gets tough the consumer goes shopping and as we go into the holiday shopping season and there is nothing bet we like to do is go shopping whether you buy that electronic or a new piece of furniture or a purse chair that might be a place to look at in your portfolio in the consumer sector. jenna: calling me out for twitter feed, i appreciate that, scott. everyone knows i'm a little bit of a shopper. thank you for the research. matt, on that what do you think
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will happen over the next few months? is the market going to stay at these record highs we've been seeing or do you expect it to come off regardless what happens in d.c.? >> it will not go straight up but i believe the path of least resistance for the market is higher. you look at valuations, they're still very attractive. i think that will push the market higher. technically it looks great. you know what i love about this market? are a lot of retail investors unfortunately for them, still on the sidelines, still in cash, still panicky. last wednesday i had more emails from clients wanted to sell everything and move out of the market forever. what happened the next day? dow at biggest day of the year. the fact that people are still panicking. we don't see the gold rush to the top, that exuberance tells me there is lot more on upside. i'm continuing to put more money in the market setting up for new highs not only this year but next year as well. jenna: i'm sure a lot of folks relate to the calls that matt received. it is easy to feel nervous. there is not a lot of confidence in leadership in general. the big question about what is
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next not only in politics but for the country overall. so how do you handle that? when you get those questions about, you know, which is very natural feeling, what do you, what do you tell your clients and, are you both totally confident that this is just going to have no effect on economy and stock market will be great and we'll all be cheering? >> we have to be. that is our business. jenna: really. >> we're rich, jenna, but matt brings up a good point though. there is a lot of cash on the sidelines. tough focus long term. if you're home trading in the living room, the day-to-day fluctuations are going to bother you and hopefully you're taking advantage of them. face it with all the computers out there these days that is probably not a good business. matt talked about cash on the sidelines, jenna. there is another thing going in the trillion dollar plus bond market where investors are running to safety. that is another reason to like stocks, jenna, when rates go up, bond prices go down. the money has to go somewhere for return.
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i think that is stocks. jenna: final question for you both. i get a lot of questions on twitter and otherwise, it is about the goldmarkket. we saw the goldmarkket rally when financial crisis happens. that sticks with folks as well. what do you think, matt, starting with you? what are you thoughts about the goldmarkket. >> i started buying in gold in 2006. largest hold for six years of the we unloaded everything this year. as the price of gold false, i profit off that. the reason look what happened last two weeks d.c. if anytime gold should be in the last two weeks as we look for safety. the safety everybody wants to hold hold hold on to go down. i think gold goes farther. i want to stay away from it. jenna: gold is down 20% this year alone. >> i think this is buying opportunity. matt and i finally disagree. we just sold it over the summer but bought back in, jenna. it is not bonds or stocks. it provides good portfolio diversification. jenna: you could buy gold jewelry. that maintains value, right.
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>> i love gold jewelry. please send it. >> scott, matt, great to have you both. thank you. jon: pork bellies, that is my two words of the day. the senate we are told will be convening in 11 minutes and when they do according to the reuters news agency the leadership is going to unveil this proposed fiscal deal. the deal that would get the government open again until the first week in january at least. it would raise the debt ceiling until the middle of february. and everybody could go home for the holidays happy. then we would battle over all of this again early next queer. -- next year. that will be unveiled we're told by reuters in 10 or 15 minutes. we'll have details to take you live to the senate when we hear they will talk about it. meantime passengers on a spirit airlines flight see an engine explode in midair. now they are describing their ordeal in a plane filling with
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jon: new info now on a terrifying emergency in the skies. passengers headed from dallas to atlanta, say an engine exploded on their spirit airlines flight just moments after takeoff. some had no idea whether they were going to survive, as smoke poured into the cabin. thousands of feet above the ground. several of them desperately sending text messages to their families they loved them. here passengers describe the heart-stopping scene. >> maybe three or four minutes later this huge explosion goes, bam, and we saw the flames come up the side of the plane which
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lit up the whole inside of the plane. looked like the inside of the plane was on fire. of course it was on the outside engine. the plane started shaking violently. after that the plane started filling up with smoke. >> shortly after that big explosion went off which lit up the whole side of the airplane and it poured in. all the vents on the side of the aircraft were pouring smoke. full white smoke. before you knew it, you couldn't really see. that is when everyone got really scared. jon: spirit airlines confirms the captain report ad possible mechanical problem. i wonder where he got the idea of possible mechanical problem and smoke in the cabin. the company said all the passengers got off safely and transferred to another point. pointing out averyization is the safest way to travel. jenna: are you kidding me? jon: we do these stories because they happen so rarely. jenna: i think you and the rest of the team do the story on purpose because you know i'm scared about flying.
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is that what is happening in the control room? i think it is all on purpose. jon: just keeping viewers informed. jenna: i could never handle it. right now, 911 tapes are giving us a very picture what really happened as a woman dangles from a drawbridge in florida. you probably seen the video. what is the real deal here? patti ann brown in the newsroom with more. >> reporter: it was pretty do mat tick, jenna. 911 calls were released capturing the incredible scene in fort lauderdale, florida, on saturday when a woman became stuck on a drawbridge. wanda mcgowan had taken part in a five-k walk for a breast cancer charity. she cross ad railroad bridge not made for pedestrians. sure enough it rose and the 55-year-old woman became trapped 20 feet in the air, clutching railroad ties for dear life. witnesses called 911. let's listen. >> bridge is going up and a woman is standing on it.
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>> she is on the bridge with it open. >> the bridge is open and she is on there? >> she is on it. she couldn't get off. >> bring a ladder or something like that to get her down. i don't know how long she is going to last. >> she is towing on tight, on to the beams. we need to get somebody out here. >> we're getting them over. >> somebody has to contact them and tell them bring the bridge down now. i don't know how much longer she will be able to hold on. >> reporter: mcgowan was rescued bit fire department 20 minutes later useing a 24-foot ladder. that drawbridge she was walking across is operated remotely. it has a sign warning pedestrians not to trespass. it is not clear why mcgowan was crossing the bridge. she could be charged with trespassing. at the request of the florida east coast railroad, fec vice president said he is happy she is safe but in his word, wanda is not a folk hero. it is very dangerous to be on a railroad bridge. jenna. jenna: good point, don't walk on
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a bridge not made for pedestrians. we'll leave it there. jon: those railroad ties are greasy and slippery. we're waiting for breaking news from capitol hill. looks like there is enough votes in the house to pass a bill. i'm only in my 60's.
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and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. >> high noon on the east coast, and we have a bipartisan deal in the senate. fox news alert area di ad to rae the debt limit and open the government. we are expecting an announcement on the senate floor. we will take you there live just hours before the debt ceiling deadline. jenna: hi, everyone. welcome to the second hour of "america's newsroom." i got excited. noon. a lot going on. giving the opening prayer before the session really begins. what we are waiting see what will be the move here. we will get that in just a moment. little bit of a recap.
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day 16 of the shutdown. our national debt still is skyrocketing and there are fears of repressions here and around the world if our government is not following authority. harry reid and mitch mcconnell finalizing a deal about when we got on the air at 11:00. the house planning to bring out the emerging agreement on a vote with conflicting reports on which legislative body will vote first. this 11th hour agreement coming after the agreements for a republican proposal exploded last night. still on the house floor today, the rhetoric was still very red-hot. g.o.p. lawmaker refusing to budge on his opposition to obamacare. >> i will continue to fight to defined as much of the bad law as possible. obamacare remains completely unpopular around the country for good reason. it's hurting jobs, hurting
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pocketbooks of struggling americans. jenna: on the other side of the aisle there is a call for everyone to work together. >> i make a plea today, mr. speaker, that republicans, however distracted they may be, joined democrats so that the senate bill the on the desk of our president today before midnight. jenna: a little sound from both sides of the aisle. we want to go to the senate floor right now to get hopefully we can listen in in just a moment. first a prayer, and then the pledge of allegiance as well. >> motion to proceed to counter 211, a bill to ensure the title payments of the obligations united states government until december 31, 2014. >> following remarks republican leader, the senate will be a period of business up to 10
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minutes each or situation where people can speak up to 10 minutes each. i'm going to wait until senate the calling gets the floor. i will not give any long remarks here. in fact, i will not give long remarks any time but i have a few things to say. while we're waiting for senator mcconnell, i have an opportunity to say this. admiral bloch has for me during this long period of crisis we have had in this country and a voice of stability, a voice of inspiration to me and i am being very selfish in saying me. that is meant for the entire senate and the country. heartfelt prayers are so timely and so sensitive to the needs of our country and the need that we
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all have to call upon our spirituality to get us through periods of difficulty. i can speak for the entire senate by saying how much we admire and respect this good man. he is a leader in the senate as much as anyone that serves in this body. >> the clerk will call roll. jenna: so while we wait for the business to continue, senator harry reid is talking about very black, former chief of navy chaplain and he has created some headlines. the sharp wording as some have said, some have said it is appropriate for the site opens for business and encouraging lawmakers to try and figure out
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a way to come together. there is an interesting debate whether or not it is appropriate for a chaplain to do. i will leave that up to you as the viewer because that is certainly the business of the day trying to figure out a deal, and that has been the business for the last 16 days or so. jon: although bipartisanship has been tough to find on capitol hill, it is interesting our 10 washington has noted in that the language that the majority leader harry reid and minority leader mitch mcconnell have been using in their addresses the last 24 hours or so has been fairly soft and fairly gentlemanly. a lot of the koran in that body. apparently senator mcconnell and senator reid have decided to tone down the rhetoric and get the deal done. jenna: that is the choice now. he did not the one that had taken over the last week or so. this is an hot language from the floor.
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senator reid says he is waiting for senator mcconnell, his partner in this. we will go back to the floor as soon as senator reid begins to speak. when we hear from senator mcconnell, which we also expect. helping us work through some of the details of this new deal. what is the language of the deal, what is actually in it? speak out first, it's really important to mention you talk about the toned down rhetoric. i think the senator probably had a lot to do with that. i don't know if you saw chris wallace's profile of chaplain black this sunday on ""fox news sunday"." his mother taught him to recite versus from the bible until he became so good at it that she gave up, he was able to memorize the entire passages at heart. he gave a prayer just the other day or he asked members both sides of the aisle to relinquish their pride. it seems they have done just that and perhaps that's why we have reached the deal.
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let's get to the legislative language. we are expected to hear about it at any moment now. here are the details of the plan was thinking and resolution through january 15, a debt ceiling increase through february 7. requiring income verification for those who receive subsidies on the insurance exchanges and obamacare. a small bone thrown to republicans, not enough to satisfy them but perhaps helps a little bit. also creating bipartisan budget committee for both houses report by mid-december. if it is a done deal, it moves to the house. let's listen in to representative sean duffy talking about the house's perspective on all of this earlier today on fox news. >> report in the next half an hour or an hour announced. i'm sure it will be passed by the senate and they will kick it over to the house. we will get jammed. >> we are going to get jammed, those were his closing words.
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for house republicans, conservative house republicans having to swallow a very, very bitter pill. the reality is they don't have the votes to stop it at this point. jenna: we are watching you and also seeing on our screen, we will put it up in a moment, the dow rally being more than 200 points on this news. oftentimes a short-term gauge of what is happening. this deal, how does it address the long-term issues, long-term issues of budget and debt facing the country. >> it doesn't at all. to use the expression we are just punting the football, football is getting worn out and losing air. it is less and less. we will have to revisit these issues generate 15, february 7. these we put together mid-december, made up of republicans and democrats who are very different ideas of how to approach long-term budgetary
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strategies, the democrats by and large wants to see revenue increases which means higher taxes, they want to see cuts in spending and never between. you throw in the president of the united states who has said he does not want to negotiate a remarkable piece in "the new york times," i don't know if you saw it, but i will quote from it. she is quoting from the president two years ago we went through the same thing. i am not going to go through this again, it is bad for democracy, bad for the presidency. he admonished his staff to spread the word about that. even in your body language. in other words, we will be revisiting these issues weeks from now. i suggest bringing your christmas presents to the studio and where your red pjs. jenna: i will heed your advice.
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thank you very much. back to you. jon: for more on the deal to end the shutdown and advert what could be the country's first ever default, i'm joined by former senior advisor to president george w. bush and a fox news contributor. speaker boehner and conservatives with republicans in the house have been trying to work this in some way that we get some concessions out of the white house and out of the president especially with regards to obamacare. it doesn't appear they will be successful. do i have that right, carl? >> you are right. the president agrees he will enforce a part of the law that he supported and was passed by democrat congress and that he signed and he then subsequently waived no statutory whatsoever. the claimant be verified to be sure they are legally entitled to these subsidies under the insurance exchanges.
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let's roll this thing back two months. republicans made a mistake by pursuing in my opinion the defined strategy saying they'ree part of the continuing resolution. the country realized this was a failed tactic on the wednesday before the united states house passed the measure as the authors of it, the senate authors of the strategy immediately said we don't have the votes in the senate, we hope you will keep fighting. republicans should have came as a result you quoted conners and duffy of wisconsin, think he is right, the house republicans will get jammed on this and have little to show for the pain they have endured. jon: the president has as well. >> the president is the guy in charge. they have turned upside down, and job approval rating is now in the low 40s in most polls.
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37% in the associated press. how durable and long term that is, we don't know. yes, everybody is suffering under this. democrats in congress have suffered, and the president has suffered as well. one of the biggest determinants in the outcome of a fall midterm election is the president's popularity. if the president remains where he is, his party will not do too well. jon: i want to play for you some of what the president had to say in an interview with wabc news. here's what the president said about his ability to negotiate. listen. spiegel why have you not been able to create a bipartisan atmosphere here? and do you put any of the blame on yourself for that? president obama: i think if you look at my track record over the last four years, i have consistently sought compromise sometimes to the point where democrats have been mad at me, but i don't care.
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i did what i thought was best for the country. jon: so he is a compromiser in his own view. what do you say to that? >> i will use a highly technical term, that is lonnie. he took house republicans suggestion about the stimulus and cut off eric cantor who was deputized to suggestions of stimulus i saying i won. he went 32 weeks without talking about health reform and finally met with them in a public venue, brought them over to the white house and put them in front of the television cameras and tried to bludgeon them into supporting him. the report in bloomberg mirrored in "the new york times" report, the president has made a deliberate decision to withdraw from these negotiations. our system of government is fractious, it is democratic, it has separation of powers. in moments of crisis like this depend on the president of the united states to be the big adult and compromise and seek
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agreement. we could have had this done weeks ago. said i gave the business a delay for a year, i will give working families in america and delay from the penalties of obamacare. look, i will withdraw my waiver on congress. congress will have to live under obamacare. if he had done those two things, we would have this all done and not gotten up to the deadline. we have to be careful about this. jon: if you would, we are going to take a quick break and want to have you back on the other side of it, another couple of questions for you. we will be back with more from karl rove and a second as we watched the floor of the senate where apparently this deal has been born.
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jenna: fox news alert. wants to bring you back to the senate floor where we understand it is back in action. let's take a listen in to what
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senator reid has to say. >> i've been in washington all this week, that is a gross understatement. while they witnessed political discourse, they also see congress which is sort bipartisan agreement covered in default on nation's bills. compromise we reached providing our economy with the ability it desperately needs. it is never easy for two sides to reach consensus. sometimes harder than others. this time was really hard. but after weeks spent facing off across partisan divide that often seemed too wide to cross, our country came to the brink of disaster. but in the end, political adversaries set aside their differences and disagreements to prevent that disaster. i think republican leader for his diligent efforts to reach this important agreement.
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republican leaders essential to reach an accord for both chambers of commerce and be signed by president obama. as part of our agreement in order to assure commerce continues the work on a path of fiscal sustainability, this legislation strikes leaders to a budget conference to set our country are long-term path of fiscal sustainability. i know some say that's going to be hard. but what will you do that is hard here, this is really hard, but i think we can get it done. the committee members must have open minds, willing to do every option matter how painful it political ideas and even their own political parties. this conference committee led by chairman murray and chairman ryan would reduce the negotiated budget resolution in december is the place to try to chart each
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course for economic growth. this legislation funds the government through january 15 and avoids default until january 7. working toward a long-term budget agreement that prevents future crisis. perhaps most importantly, this legislation ending a standoff to ground the work of washington to a halt has stalled. this is not a time for pointing fingers or blame. this is a time of reconciliation. i look forward to working with my colleagues on both sides of this great capital. passing this remarkable agreement that will protect the long-term health of the economy and avert a default of the nation's debt. allow us to set a foundation for economic expansion. what we've done thi is sent a message to americans from every one of our 50 states, in addition to that to citizens of every country in the world that
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the united states lives up to its obligations. now, is most to its most important job, foster economic growth and protecting middle-class families. i appreciate your steady hand from president obama to guide us to this conclusion. i'm optimistic the spirit of compromise has taken root in the senate over the last two days. i do know this, senator mcconnell and i have sat with very serious discussions the last few days. we will do everything we can to change the atmosphere in the senate and accomplish things that needed to be done for our country. >> republican leader. >> this has been a long, challenging few weeks for congress and for the country. it's my hope that today we can put some of those most urgent
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issues behind us. after yesterday's events, we began a series of conversations about a way to get the government reopened and to prevent default. i'm confident we will be able to do both those things later today. crucially, i'm also confident will be able to announce that we are protecting the government spending reductions that both parties agreed to under the budget control act. and that the president signed into law. that has been a top priority for me and my colleagues on the republican side of the aisle throughout this debate. and it's been worth the effort. some have suggested we break the promise as part of this agreement, some have said washington needs to spend more, that we need to raise taxes, that we need to tax our way to prosperity. and balance. but what it showed was that
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washington actually can cut spending and because of this law, that is just what we've done. for the first time since the korean war, for the first time since the korean war, government spending has declined for two years. in a row. the first time in 50 years. and we're not going back. on this agreement. there's a lot more we need to do to get our nation's fiscal house in order. hopefully once we have gotten past the drama of the moment we can get to work on it, but for now let's not understate the importance of the budget control act or the importance of the fight to preserve it did this legislation's largest spending reduction bill over the last quarter-century and the largest deficit reduction bill since 1981. that didn't include a tax hike. preserving this law is critically important to the
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future of our country. throughout this debate, the public is rightly focused on obamacare. for good reason. this law is ravaging our econo economy, killing jobs, driving up premiums and driving people off the health care plans they have and like in droves. it is a disastrous rollout of a sign of even worse things to come. and the refusal to delay it reflects a kind of stubborn ideological exception it will do unknown damage our country. republicans remain determined to repeal the terrible law. but for today, for today, the relief we hope for is to reopen the government, avoid default, and protect the historic cuts we achieved under the budget control act. this is far less than many have hoped for, frankly. but far better than some have
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sought. now it is time for republicans to unite behind other crucial goals. i yield the floor. >> under the previous order, leadership time is reserved. under the previous order, senators are permitted to speak for up to 10 minutes each. >> madam president. >> senator from arkansas. >> i had not intended to speak right now. another leaders are working on trying to get the process clear so that we can move this legislation forward. but i do want to mention a few of my colleagues that really helped in this process. we had a number of democrats a number of republicans that met
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together and talked to try and come to a resolution on a package that we wanted to present to the leaders, and in fact the structure of what the two leaders have agreed on is very similar to what we had proposed to them. i see some of my colleagues here today that were instrumental. the senator from alaska, senator murkowski, i know others are here. as well as senator flake, who happens to be in the chamber right now. jenna: senators reid and mcconnell speaking moments ago. : the deal on u on the senate a historic bipartisan agreement saying it is not the time for blame. senator mcconnell commenting of the government center is a reduction in the last two years, the first time we have seen this in government. mcconnell saying it is far
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less than what we had hoped for but far better than what some had sought. well that was happening, senator cruz, who has certainly had his time in the headlines as we have seen the shutdown come and abs pursing the ship out and come we will see it. speaking moments ago, i want to play some of that sound for you. >> can you tell us, do you plan to delay a vote in the senate? >> let me wait until everyone is situated. unfortunately once again it appears the washington establishment is refusing to listen to the american people. the deal that has been cut provides no relief to millions of americans who are hurting because of obamacare. the deal that has been cut provides no relief to the young people coming out of school who cannot find a job because of obamacare.
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it provides no relief to all the single parents who have been forced into part-time work struggling to feed their kids of 29 hours per week. it provides no relief to all the hard-working families who are facing skyrocketing health insurance premiums and it provides no relief to all the seniors, al while those with disabilities who are right now getting in the mail notifications from the health insurance companies that they are losing their health insurance because of obamacare. it is unfortunate that washington is not listening to the people. now i want to commend the house of representatives, and house of representatives have taken a bold stance listening to the american people, but unfortunately the united states senate has refused to do likewise. the united states senate has stayed with the traditional approach of the washington establishment of maintaining the status quo and doing nothing to respond through sufferings obamacare is causing millions of americans. this is unfortunate, but nobody
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should be surprised washington establishment is pushing back. nobody should be surprised the resistance to change. let me say the american people the last few months have risen up in overwhelming numbers. wif the millions of americans al over this country working to change washington. that has been incredible progress, and this fight, this debate will continue until collectively the american people can make d.c. listen, can get real relief for all the people who were hurt because of obamacare. he wants to know what this fight is about? it is about one thing. it is about all the people across this country who are right now facing terrifying decisions because they are losing their health care, losing their jobs, being left in the cold and sadly united states senate has said washington will do nothing. it has created the problems you are facing that washington will do nothing to address the suffering you are feeling.
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that is unfortunate, but this debate in this fight will continue in the months ahead. >> will you filibuster? >> what is the second part? >> i if you are not going to filibuster, we take a significant amount of time to fill a true filibuster? >> has been any questions about the timing of this vote. the timing of this vote and understanding from leadership is likely to occur today. i have no objections to the timing of this post. the timing is simple, there's nothing to be gained from delaying this vote one day or two days. every senator, every member of the house will have to make a decision where he or she stands, but there is no benefit, i've never had any intention of playing the timing of this vote. i thought it was interesting reading in the papers that much speculation about whether we might delay the timing of the republican leadership -- jenna: ask that question you just heard, it is the key
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question because timing is an issue here. with that imposed deadline by the secretary jack lew about a default and having an issue with the debt ceiling being tonight going into tomorrow, can they actually vote today in the senate and in the house on this deal that would keep the government open through january and make sure that the debt ceiling continues to be moved up, if you will, until february. senator cruz saying he will not delay or keep time away from a vote on the senate floor. he can choose to do that. deciding to delay the vote, they could try to do it, but you just heard what the senator had to say. it doesn't look like he is going to attempt to filibuster. that was clear the way for a vote on the senate and the house later today. we might have a deal today, we will continue to watch it for you. we will be back with more
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that may improve blood sugar in adultth type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza® has not been studied with mealtime insulin. victoza® is not insulin. do not take victoza® if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. symptoms of a serious allergic reaction may include: swelling of face, lips, tongue, or throat, fainting or dizziness, very rapid heartbeat, problems breathing or swallowing, severe rash or itching. tell your doctor if you get a lump or swelling in your neck. serious side effects may happen in people who take victoza®, including inflammation of the pancreas (pancreatitis), which may be fatal. stop taking victoza® and call your doctor right away if you have signs of pancreatitis, such as severe pain that will not go away in your abdomen
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or from your abdomen to your back, with or without vomiting. tell your doctor about all the medicines you take and if you have any medical conditions. taking victoza® with a sulfonylurea or insulin may cause low blood sugar. the most common side effects are nausea, diarrhea, and headache. some side effects can lead to dehydration, which may cause kidney problems. if your pill isn't giving you the control you need ask your doctor about non-insulin victoza®. it's covered by most health plans. jon: fox news alert. it appears we have a deal to reopen the government and extend the debt ceiling at least through the middle of february. the minority leader mitch mcconnell and majority leader harry reid. within. >> i think we are now seeing the end of this agonizing odyssey.
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this body has been put through far more important than what the american people have been put through. one of the more shameful chapters that i have seen in the years that i have spent in the senate. if there is a good outcome in the 514 of us were able to join together, republican and democrat, the leadership i must fully admit provided primarily by women in the senate. i will not comment further on that. but seriously, 14 of us got together, we came up with a plan had a very spirited discussion, and that plan i think was probably better than the one that we are going act on today. the fact is this group of 14 people are committed to staying together to address other issues of importance and to tell the american people there are at
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least 14 of us and many others wanted to join that group and are welcomed to join this group. we are going to not let this kind of partisanship crippled this body and injure the american people. i'm proud to have worked with my colleagues, i'm proud to have worked with the members from the other side, and on my side of the aisle, and this isn't the last crisis that we are going to go through. i think we have the framework for the kind of bipartisanship that the american people need and want. jon: longtime arizona governor john mccain there. let's talk about it again. karl rove, former senior advisor to george w. bush and fox news contributor. harry reid spoke glowingly. almost as if they have cured cancer or something. spoke glowingly about the fact
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we're going to get the government open through january, raise the debt ceiling until the middle of february. we have kind of been here before. we have had the super committee, we will resolve all of this differences and nothing has been done. what is to lead us to believe this short-term deal is going to come push anything. >> you heard in the comments some issues that will come up. the continuing resolution. there will be a special budget committee. you heard what senator mcconnell laid down. the republicans will not move above the spending levels that were contained in the 2011 budget agreement. jon: the sequester, right? >> the sequester. if you don't achieve them through a normal means of the appropriation process, automatic haircut the sequester steps in. he has said we will hold to those levels now. the first point of conflict. the spending budget resolution calls for spending
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$1,058,000,000,000 more over the next year. that is $92 billion above the level set in the budget agreement. that will be the first battle. will we go down the road of the resolution in the senate agreed for set down, more spending, more taxes over the next decade. the second issue is we take the budget, the debt ceiling off until february. anthe necessity of raise the det ceiling by $1 trillion in order to take care of the governor or the government army needs. the question is are we going to do something on the long-term spending of the government, mandatory spending. senator reid made it sound like it was not going away. last week, rissman paul ryan of wisconsin house budget committee chairman said we talk about the debt ceiling, why don't we start about putting in law the president' on mandatory spending cut, which amounts to
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$500 billion over the next decade. we will have another battle over the debt ceiling. will be offset some spending cuts in the long term b? jon: karl rove. good to talk to you, thank you. jenna: we've heard a lot of headlines over the last few moments. the biggest one from john mccain, that women solve the issue. jon: i knew somehow you are going to bring that up. jenna: senator mccain given some credit to the female members of the senate. jon: giving props to the members of the senate. jenna: we will see with the bigger picture is pitted what that means in future segments. we will talk a little bit more about your money. the budget battle taking a toll on the economy. it could get worse as one of the debt rating agencies putting our credit rating on negative watch. that is the step toward a downgrade. that happened yesterday before
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we heard about this deal. so far only one of the big three credit rating firms to make such a move. all this as the market watches what is happening in d.c. very closely. in response to some of these reports about a deal. if it goes ahead with the downgrade, it could be really bad news for stocks and 401(k) because the last time it that happened in august of 2011, the dow plunged 630 points. the very next day though the dow gained back almost all of that. the market madness did not end there. the day after that the dow lost all it gained but an additional 90 points. the big headline is when that happens from a ratings firm, hundreds of hundreds of planes swings. for though contact him about three years before that happened with the debt ceiling there was a bigger incident because of d.c. when the house speaker,
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nancy pelosi, failed to get enough votes in the first try, the dow heading into a freefall plummeting with the roll call. a single day record loss of 778 points. it does matter when it comes to the bottom line. >jon: and arrest in the homemade bombs at los angeles international airport. we will tell you who police think is behind it and the possible motive here. all the news from capitol hill as the senate and the house prepare to vote on a new deal. ♪
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jenna: wh back to d.c. in a mom. a pair of dry ice explosions at los angeles international airport. they're calling it an inside job. live from l.a. with more.
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reporter: he works for an airport subcontractor as a baggage handler. 28 years old. police arrested him last night in los angeles. they took his cell phone and computer. he is currently held on $1 million bail. prosecutors don't look at this as a prank, but a security breach designed to disrupt operations and scare the public. police say he got the dry ice off airplanes he serviced. it is typically used to chill flowers and pharmaceuticals. when dry ice melt it emits weber, not water. it can create a pressure bomb. they are not legal unless you add nails or metal shards, but they can cause serious injuries. one bomb exploded in an employee restroom and another on a tarmac. a third responded nearby. coworkers believe it could be related to a labor dispute. it is unknown if he is a current or former worker. you still need electronic key card or pass to gain access to those airplanes on the tarmac
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and if you left the company, it should have been confiscated. under state law, he could get six months if convicted. back to you. jenna: thank you. jon: if you're having trouble getting pregnant or suffered a miscarriage, researchers say some common household products may be partly to blame. we will tell you what you can do about it. plus some fast-moving developments on a showdown on capitol hill. a short time ago the senate announcing a bipartisan deal to avoid default and reopen our government. but it is not over yet. they have to count the votes. we will tell you what other challenges lie ahead. next. [ male announcer ] this is brad.
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jenna: and new medical warning now for all pregnant women and those looking to start a family, and families in general. according to new research, women exposed to large amount of chemical compound are at a higher risk of having a miscarriage. that is not all. similar chemical can lead to infertility in men. both of these chemicals are found a common household items like plastic water bottles and beauty products and even children's toys. we wanted to talk about this with some doctors. an ob/gyn at hackensack university medical center. and a pediatrician and spokesperson of the american academy of pediatrics. great to have you both. our viewers probably recognize the bpa. a big debate on the fda decided it would no longer be in cb cups or baby bottles. but the fda says it is still okay to have in general.
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does this change your opinion on it, this new research? >> it changes it a little that i am slightly more concerned. the fda didn't say 100% it was safe. what they did say was more study is needed to be done. there is no absolute evidence yet that bpa are harmful to us. jenna: so what do we do with that information? people drinking plastic water bottles. what are we supposed to do? >> i would be concerned. we should be avoiding these products as much as possible. what we want to do is don't microwave and a plastic. keep anything very hot out of a plastic bottle. if you have a water bottle, don't keep it in your car in the hot sun because that is going to make the bpa more bioavailable. don't put a hot water bottle in the car.
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avoid anything that has recycling numbers three, six or seven because those type of products are more likely to contain bpa. be careful to avoid these products as much as possible. jenna: the headline is scary thinking bpa. the study looked at a few hundred women. you do with what appeared at women, that headline is amazing when you think bpa could cause miscarriage. could they find a direct cause, the bpa did cause this? or could there have been other factors as well? speak other could have been other factors. there is an association. what you do with informatio that information is don't get panicked. make changes that are sensible to your daily lifestyle. if you are pregnant woman you are particularly vulnerable to outside agents. what you want to do is just avoid them as much as possible
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by getting containers to heat your food, not drinking out of plastic water bottles, getting bpa-free containers. and if you're trying to become pregnant, there is an association with decreased counts as well. jenna: what about for our entire family? i bring cap were everywhere as well. there's a big industry now, it is hard to tell is that a gimmick, that's something we all should be doing? what do you do in your home? >> i avoid the bpa products. you don't want to go crazy. we don't have proof it is not safe, but according to the academy of pediatrics there is justifiable concern bpa may be harmful. when possible, avoid any products with bpa for everybody in the family. i think that's just the smart thing to do until more research is done to prove one way or another whether the bpa is
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responsible for the things we're seeing neurotoxic effects and the miscarriages, infertility and all the different harmful effects we are seeing. jenna: just sort of emerged in the 1960s, a big part of a lot of different products. thank you both so much for the time today. we appreciate it. >> thank you. jon: debate were today is a boat out on a set for bipartisan deal that would end the partial government shutdown and lift the debt ceiling at least for a short time, get us through the holiday did the devil is in the details. still votes to be taken and votes to be counted. will they be done before the midnight deadline? we will be on it after this.
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here is jay carner. >> the operations and procedures are you preparing for the possibility that the congress will not pass it today. >> the treasury is the place to answer those questions. what i have told you. secretary lew made clear to his testimony to congress. the treasury will exhaust the borrowing at the end of the day and beyond that point, the treasury would have only cash on hand and not able to borrow new money to meet obligations. >> jay, how confident is the white house that the congress will pass the deal? >> we are not putting odds on anything. we are applauding the leaders of the senate for reaching the agreement and calling on both houses of congress to act
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swiftly and to take action to make sure the government reopens and the threat of default is removed. and continuing harm that these two situations have caused to the economy can stop. >> the president said from the beginning that he would not negotiate on this. now it looks like there is a deal. do you feel he fulfilled that pledge? >> what the president was made clear in his position, he would not, allow a situation to develop, where he paid ransom to any party in congress that is trying to extract unlateral concessions in return for congress fulfilling their responsibilities. he believes is the right position to take and it was and is the right position and right for the presidents of the

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