hey, mika, quite a day here on "morning joe," what have you learned? >> detroit needs help. we're headed there actually, to do our show live there, to take a look at the problems firsthand. also to look at the city's incredible history, joe. >> all right, thanks so much, mika. we're at the top of the hour. thank you so much for being with us. we really appreciate it. have a great weekend. stick around right now because chuck todd is next with "the daily rundown." the motor city stalled. detroit becomes the largest municipal bankruptcy filing in u.s. history. a one-time iconic city can no longer pay its debts. estimated at $18 billion. also this morning, a house call. the next few months will decide what the 2014 battle will be about. we'll talk to the point people on both sides about the race to frame the fight for control of

congress. and from 2014 to 2016 the woman who might be speaker again makes her hopes very clear. she's all aboard the hillary clinton train this time around. by the way, on the republican side, guess who's in iowa today. good morning from washington, it's friday, july 19. this "the daily rundown." let's get right to my first reads. we begin in detroit, michigan. at one time, the fourth most populated city in the country. and one of the wealthiest. it's now becoming the largest city in american history to file for bankruptcy. one hour from now, michigan governor rick schneider and detroit's emergency manager will hold a press conference to discuss the chapter 9 bang ruppcy filing. the city announced it cannot pay its debts. the governor called it a very difficult and painful decision which she had to make on thursday. >> many people may say this is the lowest point in detroit's history. but if we were to do this,

detroit would continue going downhill. isn't it time to say, let's stop. detroit is broke. from a financial point of view. and more importantly, the citizens deserve better services. this is one way to get that to happen. >> detroit's mayor dave bing indicated that he disagreed with the decision but he also didn't fight it. >> one of the things that i want to say to our citizens is that as tough as it is, i really didn't want to go in this direction, but now that we are here, we have to make the best of it. >> today, snyder and other officials will try to calm the fears expressed right here by many detroit residents. >> i think the people in detroit are afraid. they don't -- we don't know what's going to happen. >> my husband and i have no source of income coming in because we're both retired police from the city of detroit. we would lose everything. >> everything, you got to wonder if you're going to get a

paycheck. >> we're trying to get ahead of those concerns on thursday. >> as far as things are concerned for provision of services and the conduct of city business, it is business in the ordinary course. services will remain open. paychecks will be made. bills will be paid. nothing changes from the standpoint of the ordinary citizen's perspective. >> it sparks a conversation or could spark a conversation that desperately needs to be had. the bang ruppcy filing is the culmination of what's been a tragic downfall of the great 20th century american city that ended up being unsustainable in the 21st century. that arguably never got to the 21st century as far as an economy was concerned. while many american cities experienced what detroit experienced in the final decades of the 20th century, a suburban shift, where wealthier residents fled the cities. places like pittsburgh, philadelphia, and even new york city. but all cities eventually

experienced an urban renewal with diversified economies. of course government corruption was cleaned up. detroit never did that. population is now estimated to be just 700,000. down from a peak of 1.8 million during the auto industry boom years of the '50s. population has plunged 25% in just the last decade. roughly 78,000 city structures had been abandoned. the city's unemployment rate has nearly tripled since 2000. and is more than double the national average. and the even bigger fear now is whether detroit is the first example of what a lot of states and cities are fearing. that they're going to get crushed by pension obligations that they can't meet. that's at the core of this bankruptcy. it's unique and trainingi tragi. when does it become a crushing burden for then to meet those same obligations? the bankruptcy filing lists more than 100,000 creditors. the biggest ones are all related to retirement and pension funds period. that will surely be a major part of today's explanation by the

governor and others. and every city currently struggling with its budget is watching detroit. if this works and detroit does turn a corner after bankruptcy, reinvents itself some way, you will cities all over the country rushing to follow detroit's lead. nbc's dave gutierrez is live in detroit now. gabe, why, why did this happen yesterday? and granted, i know there was a difference between it could have happened today rather than yesterday, but why now, why not a year from now? or why wasn't this used as a way to force new negotiations? why did this come to a head the way it did with the filing? >> well, chuck, good morning. as you mentioned, this discussion has been going on for quite some time here in detroit. why it happened this week is that it got to a point that the city and the state were negotiating with some of these creditors, negotiating with these pension boards, and the emergency manager, who had been

appointed earlier this year, he was finally fed up. so he brought the decision to governor rick snyder. we're told on tuesday, and the governor thought about it for two days or so before finally giving his blessing and having it moving ahead yesterday. there had been rumors all week. what happened yesterday was actually quite interesting. these pension boards had actually tried to block any type of bankruptcy filing. you know, tried to file something in the county court in lansing and tried to block the governor from doing this, but right before hearing was set to start on that motion around 4:00, the city filed for chapter 9 bankruptcy. unprecedented. the largest municipal firing in u.s. history. the question is what happens next. what happens to city services? many are distressed about what could happen over the next year or so. the emergency manager seems to

think that best case scenario detroit could come out of bankruptcy by late next year but that remains to be seen. some experts say it could take several months, some say it could take several years. that's part of the questions they're hoping to ask the governor at the news conference which starts in just a little bit. to try to reassure the residents of detroit that no city services will be impacted now. the city will move on for this better, chuck. >> we'll let you go to that press conference. kevin orr right here on the show to ask some of those questions gabe was just bringing up. to politics and fight to frame next year's election. whether there will be any political repercussions in tw s remains to be seen. policy battles will probably frame the debate. republicans want to make 2014

about health care implications. democrats are hoping to make 2014 about other issues. maybe obstructionism. but is the public even listening? in 2006, it was apger anger over the iraq war. in 2010, it was anger over the economy. 2014, will it be anger that gets people to the polls or passive anger? anger at the ballot box or anger by not going to the ballot box. the assumption is 2014 will be status quo. this week's vote on the health care mandates gave us a glimpse of the 24 democrats who self-selected themselves as the most vulnerable incumbents. as for the republicans, there are 17 seats that obama carried

in 2012. another 20 where obama narrowly lost by two points or less. another 26 who consistently voted with john boehner when he's had to bring votes to the floor that upset conservatives. a total of 83 seats where members perhaps are feeling so much pressure from swing vote politics. republicans rode a political wave of discontent over health care to take control of the house. gop hopes to capitalize on that sentiment again, especially as polls show a majority of americans still disapprove of the president's signature legislative achievement. democrats see their path forward differently with republicans routinely blocking legislation in the housing and deep fissures even within the gop conference. especially if they fail to pass immigration reform. which not just a majority of voters want but strategists know is crucial to reaching out to a growing bloc of hispanic voters. the fight lies somewhere between

these two philosophies. joining me now is the democratic congressional campaign committee chairman new york congressman steve israel. and the national republican congressional campaign chairman. it's a political junky stream. thank you, both. good morning. i just am curious, both of your responses, you guys are not michigan guys but, you know, you grew up in new york, new york went through this in the '70s where they almost filed for bankruptcy. >> you're right, new york in the 19 0s was on the verge of collapse. remember that "daily news" article, new york drop dead. >> issues, the wealthy left, nobody knew what new york was going to be. government corruption. all sorts of issues. >> and rebuilt. kay out better than ever. detroit will as well. >> it's a sad i do for detroit and michigan but i think it's also an example what happens when government runs amuck and tries to take on too much. it promises more than it can deliver. and this is the logical outcome.

from a financial standpoint. i think other states and communities are facing this. frankly, the national government's facing it. >> it's going to be an interesting conversation that i think -- you talk to mayors. doesn't matter their party. you talk to governors. they whisper about this pension problem. they don't want to talk about it publicly. >> chicago's another place, you know, illinois. they're on the edge. we've had other cities come right up to the brink or go other. >> if you're a mayor you have to balance your budget. you can't eject ideology in everything. can take a lesson from mayors who have to be about compromise and getting it done and not about ideology and partisan. >> ah, look at this. >> the irony is, house republicans the only one who offered up a budget that actually balances in ten years and pays off the debt. there wasn't an alternative presents by the democrats thatter balances fully in ten years. >> i want to talk about this larger issue. about what is 2014 going to be

about. you saw the way i thought perhaps the way this is going to get fraped. you're the incumbent here. so i'll let you say. what do you think 2014 will be about? you're defending a majority. he's trying to grab if. >> sure. i think there's a number of things. it's ultimately jobs and the economy. you have 12 million americans still looking for work. we know as the president's health care law begins to take effect there are companies as widely respected -- as respected as weigeman's that are now reducing hours for people that used to work nearly full time. are now being reduced to under 30 hours to avoid the potential the employer -- >> were they ever going to offer health care at 35 hours? >> whether they were or weren't, the point, if you're a struggling person out there trying to make ends meet and provide for your family, does having your hours get cut back help or hurt your situation. and frankly when you're getting cutback under 30 hours, knnow

you're probably looking for two part-time jobs that don't offer those benefits. i think economy and jobs is paramount in terms of the voter's minds. creating really good paying jobs. we all ought to be focused on that together. >> what say you? how will you frame it? >> on everything that greg mentioned, jobs, the economy, health care, wages. you need one thing. you need solutions and compromise. this republican congress has been about extremism, obstructionism. they find excuses not to do things. whether it's health care. they're not interested in improving health care. they've had what is it 39 votes to repeal the entire thing. immigration, you have 68 senators on a bipartisan basis passed it. comes to the house of representatives, all they do is find excuses to obstruct it. there is a thirst, particularly in districts we have to win, an unquenchable thirst for one thing, compromise.

we're going to put that compromise on the ballot in 2014. >> talk about the next six months and perhaps what your party ends up doing is at cross purposes with what you guys want to do. you got into hot water is some republicans when you were critical of the idea of republicans signing on to the president's compromise on social security and cpi. said, hey, we'll run against obama on that. so here was something your party was going to negotiate with then and you were like, no, this is a political thick and it came across. >> a bit of a policy thing. >> i ask you, no, i understand it, but -- >> you know, i think we also said we're not going to go after existing seniors, reduce their income. it reinstituted bracket creep in the tax brackets. a bibarn group got rid of because it would put you into a higher tax bracket and then you'd pay more than you were getting in terms of a salary increase. that was done away with. cpi would put that into the tax

code. that was half of the total revenue. >> but i guess are you -- if you want to talk about this administration, this term -- i was going to go -- i have the same question for him on immigration. >> no, i'm going to go to obama care because you raised that. every one of the targets that we have, and you said this in your opening, that theme got to go defend. define their president who issued a veto threat, i legally delaying the employer mandate. all those folks voted with republicans the bipartisan way to send a message. as max baucus said, is a train wreck and needs to be refigured, repealed, waver you want to do, fix. some of the votes have had overwhelming bipartisan support and we actually repealed the reporting requirement. we had 85 amendments when this was considered that were never

allowed by the democrats to be voted on on the house floor. >> if the president cuts a deal and gets a deal, bipartisan deal with the republican house on immigration reform, doesn't that undercut the message that you just said about they won't work with the president, they won't do obstruction, they give him basically a second signature piece of domestic legislation in the first year of his second term? >> good policy is good politics. what is in our interest is in the country's illness. a solution, a compromise. i've looked at this every which way. people want a compromise. united states senate, 68 senators came together in a compromise. as far left as elizabeth warren. if it can work in the senate, if bush and obama can agree on it, why can't house republicans let us at lead vote? vote yes, vote no, but let us vote. >> let's sneak in a break. after the break, campaign chairmen sticking around a little more tyke to talk with us

about the narrow field of fight to control the house, talk about the gerrymander situation, and talk to detroit's emergency manager kevin orr about today's bankruptcy filing and what's next for the motor city. first, a look at the politics planner. a nonpublic event day for the president. ted cruz in iowa. hasn't even been one year since he won the texas senate runoff. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies."

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gerrymandering has of course narrowed the playing field, created a house more divided than ever. california may have found an intriguing solution to that supposed problem. they're holding elections between the top two primary vote

getters regardless of party. curious, the california experiment, greg, you first. >> it's an interesting experience. i know it didn't work out in california 31 very well for my colleague here last time when pete failed to get in the number two spot. now the number four primary going out among democrats. it's going to be a competitive race. it can end up with an interesting result. we ended up with two republicans. >> this is interesting for the system. let's talk about the republicans who were the swing votes. democrats, right. and they had to prove they weren't just talking to the base. >> miller's a pretty conservative republican but he knows how to represent a district. it creates some interesting results, no doubt about it. i think in the end it will be more traditional. >> should be a model for other states? >> that's up to other states. we will have a handful of primaries on our side of the aisle.

greg and his party have a holy war on their side. largely is a result of redistricting. it is true that many of their districts kind of new englaudger to the right. you have republican incumbents not thinking about a general election but a fear of a primary from their right. it is what explains the inherit chaos and instability of house republicans on the floor. they couldn't muster the votes. they couldn't muster the votes on aid to victims of hurricane sandy. >> you know what's interesting -- >> there's intol zblans about some of that, is when we do have a big bipartisan vote on legislation, suddenly we're something that he doesn't like, and yet he talks about we want to govern from -- well, fiscal cliff, we got things done. >> you produced about -- >> we got things done though. we mopped legislation. we will go -- >> let me ask you about redistricting. it's texas and florida are the two. do you think they'll be new maps? >> that's something the courts

in both states have to decide upon. >> we'll just get handed what the courts -- >> but those are the two, i think texas will probably company out about where it's at, the legislature's -- >> i want to talk about this primary issue. you have club for growth. primary. you were a target for them. they announce their first big successful recruitment against mike simpson in idaho. how much of it -- is there any chance any incumbent republican and the nrcc would not get nrcc support? >> i would hope the club for growth would be about beating democrats and growing our majority but we're not the only party, by the way, chuck, with primaries. we got mike mcintyre down in north carolina now facing a primary because he's too moderate or whatever for the democrats. county commission, african-american, down there, is challenging him. i mean, they've got primaries across as well. >> you acknowledge that the primary issue, this intraparty

feud? >> you get back out to california 31, i mean emily's list is endorsing one candidate. this is not unique to either party. this is something we all face. and you know what, you need to go win your primary. you need to go win it at home. and then move forward. >> your challenge is trying to convince them that despite what people like me say and others, that you have a chance. i'm heard other democrats tell me that a lot answers you're getting is call me again in 2016. how do you come bbat that probl? >> first, i want to say i endorse greg. on recruiting, we're way ahead of our game. we'll have 52 in play. of our top 15 districts, the districts the president won or closely won, high democratic

performance index, of the top 15, we have 15 recruits in place. they are problem solvers. >> be saying we'll wait till hilla hillary clinton's on top of the -- >> thank you for clarifying that, i was talking about one individual in a very conservative district. who we would have loved to run in 2014. he said in this district i think i have a better shot in 2016. >> steve israel, greg, this was an enjoyable discussion. thank you very much. for more on the fight for 2014, check out our website. it's rundown.msnbc.com. for a look at some key members who could be affected by the immigration and health care fights. still to come, detroit's emergency manager kevin orr will be here to talk about the emergency bankruptcy filing. plus, new york congressman peter king is floating himself for president. he talked about it a lot this

morning. and we now know why he wants to do it. he apparently has one person in mind to target and it's not a democrat. first, today's trivia question. in 2012, 13s how incumbents were defeated in primaries. when was the last time 13 house incumbents lost their primary races. we're looking just for the year. first person to tweet the correct answer to @chucktodd, @dailyrundown. answer coming up on "the daily rundown." is like hammering. riding against the wind.

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that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. now for some other stories on our radar. florida governor rick scott says he will not call a special legislative session to review the controversial stand your ground law in the wake of the george zimmerman trial. demonstrators calling for a review of the law met with the governor at the state capitol on thursday on the third day of a sit-in protest there. scott promised a statewide day of prayer on sunday but said he will not amend the law. >> right after that happened, i put together a task force of 19

individuals, bipartisan, they traveled the state, they listened to ordinary citizens, they listened to experts. they concluded we didn't need to make a change to the law and i agree with their conclusion. >> "boston" magazine has published new graphic photos from the capture of boston marathon bombing suspect dzhokhar czar tsarnaev showing the bloody suspect with a target on his head. tactical photographer sean murphy. murphy says he handed over the photos because he was angry about the portrayal of tsarnaev on this month's very contentious "rolling stone" cover. murphy reportedly had been suspended from his post. ted cruz headlines today's gop picnic in iowa. in his first visit to the state as senator and apparently it's his first visit ever. also in iowa today, kentucky senator rand paul. he's there to meet with leaders

from the event gel call, african-american and latino communities. interestingly enough for mr. cruz, it's been less than a year since he won the texas runoff against david duhurst. congressman king says he will run for president in 2016. saying those concerned with a national defense policy approached him to run. saying it is motivated by the shift in debate by some leading republicans. >> it bother, me when the leading republicans out there, someone like rand paul seems more concerned about an american killed in starbucks by a cia drone than he is about islamic terrorism. >> must wonder, is this peter king going to work on a political suicide mission just to go after rand paul. we've got more coming with our gaggle. first, big citibank rupp y bank.

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just over 20 minutes from now, michigan governor rick snyder and emergency manager kevin orr will hold a press conference to talk about the motor city's bankruptcy filing. kevin orr joins me now. i want to start with the simple question i think a lot of people -- why now? we've been hearing about this as something that's been chatter for a while. when you were appointed to this position, you know, i guess my question is, why not three months ago, why not a year from now, why today. what made yesterday and today -- i know there's a difference between these 24 hours, but what made this the tipping point? >> well, chuck, you know, when i got here originally on march 14th and started in earnest on

march 25th, i started by saying i wanted to engage in discussions and negotiations and i wanted to offer an olive branch. but then our creditors as well as our labor constituencies to see if we can reach a resolution on some of our outstanding issues. we've got $18 billion in debt outstanding. i was trying to see if there was a way to resolve this. i said i have a tenure of only 18 months and that is a precious small amount of time to achieve a lot of what we have to to and i couldn't spend a lot of time running in place negotiating endlessly. fortunately, we're able to get some concussions from our creditor constituencies done fairly quickly. but i had said back in march, i said again on june 14th, i said that time is going down, we have to make a judgment call. in my estimation, it was time to make that call this week so i requested from the governor the authority that caused the city

to file and he granted it to me and i exercised that authority yesterday. i'm still going to engage in expectations and we're going to do that going forward. >> you don't have the protection yet. a court has to decide. what are the chances that you could -- how much is it $18 billion in debt do you think you could negotiate out of the bankruptcy before the court makes its decision? >> the court has to make an eligibility determination. the judge hasn't been assigned. what we do get is the benefit of the automatic stay. we get breathing room. some of whom who had sued me, the governor and the treasury, other the last couple weeks. we stood by them, still holding out hope we could reach a central resolution. as it started to eat into the time we had, we had to make a decision. i'm hopeful we can negotiate.

we'll go through the eligibility determination. i don't thing any person of serious measure is going to contest detroit's solvency. or maybe some discussion about good faith negotiations. we think we've bent over backward. other people may have a different opinion. >> of the $18 billion, how much of it is pensions? >> well, you know, the $18 billion, 16.2, related to secured debt. we're going to pay that. going to be clear. we've also said in bankruptcy there's two types of creditors. we use that rubric, that doctri doctrine, outside of bankruptcy. we said we're not going to impair our secured debt. we have $12 billion of unsecured debt. the vast majority of it, $5.7 billion approximately is unfunded health care obligations. not one dime has been set aside in the 60 years of this crisis to address those issues.

approximately another $3.5 million is unfunded pensions. only $2 million roughly of that $12 billion or so is related to unsecured bond debt, the vast majority of it has to do with pensions and health care. >> why not seek a bailout? new york city in the '70s got a bailout from the federal government. why not try to seek a bailout from the state or the federal government? >> that was a different time, first of all. these are problems of detroit's own making. if we go back and look at the jen sus of these problems, 2005, 2006, the city borrowed $1.5 billion. that would secure the pension problem back then. 2009, the city defaulted on obligations, pledging the casino revenue to support our defaults. and then 2011, we had this consent agreement. we've dug this hole of our own making.

we need to dig our way out of it. there is a concern that if you did that, tried to seek some -- how would that take? would it be a transfer for the issues the city made itself? what is the obligation? the obligation for the city is to resolve its own problems because it made its own problems. >> kev be orr, i know you have a press could be frebs to prepare for in less than 20 minutes. i appreciate you taking a few minutes to talk to us. good look to you. these are tough times for detroit. >> thank you so much, chuck, i appreciate it. >> all right, governor snyder and kevin orr at the top of the hour. we'll have live coverage right here on msnbc. i've got the gaggle. maybe we'll show the shot real fast. but first, the white house soup of the day. look at that. seafood gumbo. we'll be right back. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars.

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daily flashback.

this day in 1980, the 22nd olympic games opened in moscow without the united states. the u.s. led a 65-nation boycott of the games to protest the soviet invasion of afghanistan. the gesture proved to be merely symbolic. the soviets remained in afghanistan till 1989 and retaliated in 1984 by boycotting the summer games in los angeles and allowing the united states to win every single gold medal ever invented in history then. now there is a serious chance the united states could boycott a visit to moscow and the president could snub putin in september. are you ready for hillary for 2016? house majority leader nancy pelosi is. she spoke with andrea mitchell earlier this week. the former barack obama supporter back in the day had this to say about the candidate that she wants opposed. >> are you ready for hillary? >> i think the country is ready for hillary. i certainly hope she will choose

to run. >> clinton could have some competition. vice president biden hasn't hinted away from the run. he hasn't talked about it in terms of against hillary. his most recent comments came in a gq interview when he said this, quote, i can die a happy man, never having been president of the united states of america, but it doesn't mean i won't run. will biden's run help the party or end up being a distraction? joining me now, "washington post," president of american bridge and former spokesman to senate majority leader harry reid. and from tax reform, matty dupler. the dup ler radar is here. we'll have a detroit conversation, a longer one. i want to quickly -- you've wrote about cracking the glass ceiling. you have a great book about this. nancy pelosi was not interested in cracking that glass ceiling in '08. she was a barack obama person through and through. for her, it was about pure

politics. never a clinton democrat. >> not at the presidential level. she was happy to crack the dome as she called it of the capitol herself. she was neutral in the beginning of 2008. >> behind the scenes, she was actively working to help obama. >> look, she's a pragmatist. she's look at the landscape right now. there are a lot of women. a lot of nancy pelosi supporters who think whatever they thought of hillary clinton 2008 they've changed their mind in the time since then. joe biden has to keep this out there that he might run. >> i think he's trying to prepare in case she doesn't run. she might not run. >> absolutely. but it sounds like he's pretty practical too. you look at all the numbers. you're look at the dangling hillary clinton is doing, that she's likely to do that. nancy pelosi i think would be a fool to at least not say what she said. >> the massive rush to endorse hillary so early by democrats today, what to you make of it?

>> of course president obama won the primary back in 2007, 2008. there were a lot of people who have been waiting for this moment. i think she starts in a position that no one else starts, including -- >> politicians being pragmatic. the train is leaving the station. i don't want to get left behind as a democrat. >> had not for this force that is barack obama, hillary clinton might very well be the president today. so i think that there's -- i think there's almost, in some people's mind, an inevitability that she is going to run and she will be the first woman president. >> history does not show a candidate with this kind of support this early being a front-runner this time still getting to the presidency. this sort of -- i mean, it would be -- you know, people are comparing it not really since eisenhower has there been this consensus where republicans acknowledge, boy, it's all about figuring out how are we going to

beat them? >> the question that hasn't been answered is who's excited about a joe biden presidency, who's not excited about a hillary clinton presidency. >> let's move away from the biden thing. how do republicans deal with this sort of hillary phenomenon? >> i don't think hillary will be the most formidable candidate we'll have to face. the number one region, she doesn't have the liability of a presidency she's been shackled to over the previous four years. the president wants to delay the health care law. joe bride be has to own that. right now, 2014 even, we don't know how it's going to fair on our side of the aisle. we don't think it's a viable issue for democrats. >> very quickly, peter king's attack on rand paul, i mean, candidacy for president what do you think? >> as someone who comes from more libertarian side of the movement who doesn't think we need to be empearlizing the rest of the world, don't think it's going to gain a lot of traction. >> peter king's motivation is

clearly, it felt like he had one, this is a one-track thing and he'll be like, i'll go on a suicide run to destroy rand paul, stunning. >> fascinating debate for the republican party to have about national security. it's an incredible conversation. >> yeah, we talk about all this rush to hillary. she'll have minimal -- they'll be some fairly well-known candidate that does it. watching an ideological but really first low so philosophic inside the party. >> it's about national security, about sandy, but i think peter king is trying to talk for the -- i don't want to say moderate, let's say the sane part of the republican party. >> the northeastern republican wing. >> they're willing to this have debate. >> we'll talk detroit, everything detroit, after the break. trivia, we asked, when was the last time more than 13s how incumbents lost races for their

nomination? 1982. 19. less than 75% of the hue was re-elected that year. the smallest percentage since 1948. if you're bouncing checks, you're going to lose, and that was that check bouncingredrickea head in '92. congratulations to today's winner, not sure he should have been eligible for this conversation, richard skinner. e-mail us if you have a question. we will be right back. ♪ i turn ed 65 last week. i turn the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing.

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now, live here on msnbc we expect to hear from the governor of michigan snider about the city filing of chapter nine bankruptcy. rowdell, this sdroit bankruptcy

is this the beginning of the larger conversation about cities and states who are worried about long-term debt issues on pensions and sort of becomes a come to jesus moment for public sector movement and cities to say we have to deal with this crisis? >> i think so. some will use this as an example to needing to talk about these issues. that being said, your government you made -- you made promises to your people and i don't think that can be swept under the rug. i understand why detroit is going through what they are going through right now. this has been a long time coming but i think especially on the pension side, if you are making these promises, you need to, as a government, try to, in the best faith, keep those promises. >> is it pretty clear the fiscal conservatives see this as an -- i say exploit. basically say this is what we are talking about all the time

government overpromises? >> this has to be starting a conversation on municipal bankruptcies. detroit is going to be the first story in a long line of the exact same tragedies. i mean, chicago has this exact same problem. we are looking at tens of billions of dollars unfunded liabilities. some put nationwide the unfunded liabilities at the state and local levels as much assess $2 trillion. a huge problem. >> the stunning thing to me is the lack of washington involvement. like we could both imagine here a scenario where three months ago, detroit leader would individual you bailed out the banks, you bailed out gm, why don't you bail out detroit? >> detroit, because -- it's an isolated case. you could buy a house for $7. everybody has known for some time this is the case. i have to think maybe that is the explanation for it because it's hard to see city after town

collapsing around the country without starting some kind of washington conversation. >> "the washington post" great polling director who also happens to be my husband, the first vice president of research for the pew center has a great track record. >> my friend jamal simmons, it's his birth tomorrow. >> i've been watching his tweets. >> 42 days until the start of college football, a proud wisconsin badger, i'm looking forward to it. >> that is it for this edition of "daily rundown." hopefully, the detroit tigers can come up with a world series championship. coming up next is chris jansing. bye-bye. and i know the results will be fantastic!

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good morning. i'm chris jansing reporting live from detroit. we are just moments away from hearing from governor rick snyder. he is going to give us the latest on detroit. the country's fourth largest city filing for bankruptcy. this has been absolutely devastating. this is a city that personifies urban blight. when you look at the statistics they are impressing and astonishing. let me give you a sense what is happening in detroit. this is a city whose population has been in decline. about the same now as it was in 1910, about 17,000 people. unemployment over 16%. 78,000 homes are abandoned. the governor says the city can't meet its obligation and cites a list of disturbing staes ining . the average time for police to respond to what is considered a high priority emergency, 58 minutes. more than 50% of parks have