hunter with bloomberg government. thanks for joining us. >> thank you so much. >> we just heard also bit about the concerns of conservative republicans in the house. congress jim jordan, the chairman of the republican study committee today said he thinks speaker boehner lacks the gop votes to pass the spending in the house. it does not cut enough spending. this is about 30 minutes. >> thank you, everybody. especially my colleague for being here today. we do have a lot of folks speaking. it would be okay if any member of congress committed that unusual offense of having an unspoken thought. and in any case, if we can all try to keep our comments brief so we can get to the q and a saks. although the president's speak last night didn't give me a great deal of cause for confidence, i still hope he will drop the insistence on the huge tax increase, drop his opposition to pursuing balanced budget. at this late stage in the process, it's obvious now to everybody that it is possible, increasingly possible, he will not have raised the debt ceiling by august 2. if august 2 does, indeed, passed. we believe it's absolutely essential that the federal government have a plan