senior white house foreign affairs wendell goler is at the white house tonight with the latest. good evening, wendell. >> good evening. the president is meeting right now with the democratic leaders of the house and

i'm going to bring in wendell goler to talk about these. first of all, wendell, the president laid out what he thought was a reasonable plan, what he said was the plan to work out with the republican speaker of the house, john boehner. $1 trillion in cut and discretionary spending, including military spending. $650 billion in cut to entitlement he said would not hurt current recipients but cut to current entitlement spending, social security, medicare and medicaid. total of $1.65 trillion in spending cuts. $1.2 trillion in revenue increases that would have come not from raising revenue but from closing loopholes and doing away with deductions, tax deductions. he said this would all have been part of the tax reform that he hope to see the tax rates being lowered. that is point one. point two, the president said that clearly frustrated he said he is calling all of the top leaders, house and senate, republican and democrat to the white house at 11:00 a.m. tomorrow. basically to say folks, we've got at that point ten days until we hit the august

senior white house foreign affairs correspondent wendell goler has the specifics tonight. good evening, wendell. >> reporter: good evening, bret. republicans and democrats were both afraid the president would haul them off to camp david this weekend to work on the deficit reduction deal. neither wanted that. they were under orders to meet separately to try to make progress they couldn't seem to make together. in an unprecedented third news conference of the past two weeks, president obama said he hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over

joining me now is wendell goler at the white house and chief washington correspondent james rosen. we will talk to both of them about this evening's talking extraordinary developments. let me start first of all with you, wendell. any talk from the white house after the president's briefing about what they hoped to get accomplished to avoid a default this weekend starting at 11:00 a.m. tomorrow when the president meets with congressional leaders now that trust and confidence has so broken down between the president and the speaker. >> only that the president, chris, insists that republicans, that members of congress, i should say, come to him with a plan to raise the nation's debt ceiling. the president said he had offered speaker boehner a plan with deeper plants than those contained in the crafted in the bipartisan senate group known as the gang of six. he insisted it contain enough revenue to contain social security and medicaid. not put the whole burden as he put it on ordinary americans who he said know they are getting a raw deal and are angry about it. he said the question is

wendell goler at the white house tonight.do we know about this meeting with the dems and the president? >> shep, we know it just wrapped up after an hour and 45 minutes. one of the longest meetings yet. one of the reports out indicate the president was prepared to agree to $3 trillion in spending cuts without any increase in revenue. and his aides spent some time knocking that down. the president may have wanted to give democratic congressional leaders his personal assurance that he wasn't prepared to agree to cuts in social security and medicare. in exchange for a package that aides say would be both unfair and unbalanced and could actually hold back the economic recovery. house speaker john boehner part of any package. the house will go along with. the president has met separately with democrats and republicans in recent days, but they haven't all met together in a week, shepard. >> shepard: the senate is veto vote tomorrow on a house republican plan that everybody knows is not going to pass in the senate. >> well, and ther

joining me now is wendell goler at the white house and chief washington correspondent james rosen. we will talk to both of them about this evening's talking extraordinary developments. let me start first of all with you, wendell. any talk from the white house after the president's briefing about what they hoped to get accomplished to avoid a default this weekend starting at 11:00 a.m. tomorrow when the president meets with congressional leaders now that trust and confidence has so broken down between the president and the speaker. >> only that the president, chris, insists that republicans, that members of congress, i should say, come to him with a plan to raise the nation's debt ceiling. the president said he had offered speaker boehner a plan with deeper plants than those contained in the crafted in the bipartisan senate group known as the gang of six. he insisted it contain enough revenue to contain social security and medicaid. not put the whole burden as he put it on ordinary americans who he said know they are getting a raw deal and are angry about it. he said the question is

senior white house foreign affairs correspondent wendell goler is live at the white house. good evening. >> reporter: good evening, bret. the president had tough-selling to do with democrats as well. the afl-cio announced today it opposes the gang of six plan, but you are right, the toughest job for the president is what republicans, particularly those in the house. mr. obama got started on it today. a day after saying bipartisan senate proposal might break the log jam over cutting the deficit and raising the debt ceiling, president obama met separately with leaders of both parties and the so-called gang of six briefed members of the house on the proposal. gang member kent conrad, a north dakota democrat said some of the plans critics are trying to kill it in the crib. >> we are a working group of six to try to inform colleagues. the sooner you put out a plan like this, there is much misinformation that goes out. >> reporter: some 30 senators republicans and democrats indicated they might support the plan. gang member chamblis georgia republican said house republicans would

wendell goler is live at the white house.ike there's a battle brewing over a short term debt ceiling increase, yes? >> reporter: there is. the president says his bottom line is increase that is large enough to last through all of next year. john boehner's bottom line is it canning the deficit by more than the debt ceiling is increased. after the day's one hour meeting congressional leaders instructed their staffs to work out a plan. republicans will propose taking the cuts agreed to in the talks chaired by vice president biden and raising the debt ceiling nearly that much which would get the country part of the way through next year. jay carney said: a short term extension could cause our country's credit rating to be downgraded. causing harm to our economy and causing every american to pay higher credit card rates and more for home and car loans. republicans don't see it that way speaker boehner's aides suggests the president's reelection campaign is why he doesn't want another fight over spending cuts six months to a year f

senior white house foreign affairs correspondent wendell goler is live at the white house tonight with an update. good evening. >> reporter: good evening. progress comes from gang of six which was down from five before a new proposal encouraged republican member's return. with time running out on deficit and debt ceiling plan, president obama made surprise appearance to hail oklahoma senator tom coburn's return to bipartisan group known as the gang of six. which has a new deal to make spending cut with increased tax revenue which mr. obama insisted on. >> we now have a bipartisan group of senators that agree with the balanced approach. and we have the american people who agree with the balanced approach. >> reporter: draft of the agreement showed it would "slash the nation's deficit by $3.7 trillion or $3.# trillion over ten years." a trillion of that would come from the additional tax revenue. overaum tax rates would be lower and the alternative minimum tax would be killed. meanwhile, the house prepared to vote on the so-called "cut, cap and balance" plan, which the senate was unlikel

senior white house foreign affairs wendell goler is at the white house tonight with the latest. good evening, wendell. >> good evening. the president is meeting right now with the democratic leaders of the house and senate, talking about a plan to cut the deficit and raise the debt ceiling. less than two weeks to go before the nation runs out of borrowing authority. they are still debating what they say has less than a chance of passing and even less with getting signature. with time running out on the borrowing authority, senate considered a house pass deficit cutting plan that democrats said had less than one chance in a million. >> does the half baked concoction of ideas that don't hold together, that don't add up, that would actually further threaten the economic recovery. >> theydynied report they were close to spending cut but no increase tax revenue. >> there is no deal, not close to a deal. >> boehner himself warned the deficit must be cut and the debt ceiling raised to protect the country's credit rating. >> if the united states of america debt rating gets downgraded, ev

wendell goler, north lawn of the white house, leading our coverage.te house say about the vote in the house today. >> reporter: they'd have you believe it is a political exercise and the president's advisors recommended that he veto the bill and last night, all 53 democrats in the senate sent boehner a letter saying they would not vote for it. it raises the debt ceiling enough to last six months and in a sense compare it with boehner's assertion that the deficit cutting plan should not contain tax hikes because tax hikes could not pass the house but republicans say 6 months is about an average extension of this debt ceiling, and, yesterday, white house press secretary jay carney repeated the obvious. >> time is running out. we need to come together, now. we have only... it is only a matter of days, before the august 2nd deadline. and, while at midnight, august 2nd we don't turn into pumpkins, we do as a country lose our borrowing authority. for the first time in our history. and that would be a very bad thing. >> reporter: republicans believe if they

our wendell goler from the white house has more details. wendell. >> reporter: today's meeting ended without an agreement to hike the debt ceiling and lawmakers left the white house without commenting to reporters and no indication the president would make an appearance in the briefing room. he had told congressional leaders to come here with a plan to extend the debt ceiling through the end of next year. house speaker john boehner said he was coming with his standard demand, that the deficit be cut more than the debt ceiling is raised. now, the meetings here at the white house lasted a little less than an hour so there wasn't much time for negotiations. and house democratic leader nancy pelosi says if they get something done by august 1st, have to in here words engineer backwards and make every minute count at congressional leaders say the staffs will work through the weekend. and unclear if there will be a meeting here tomorrow. there's concern here and capitol hill what the markets might do if there's no deal. markets had closed when spea

wendell goler is on the north lawn tonight. >> democrats called their meeting constructive if not entirelyg. they like the mix of the gang of six proprosal. increased revenue with spending cuts. they don't like the cuts in social security if not rates cuts in medicare enough to turn off the afl-cio which says it won't support the plan. >> what is needed is the political will to get outside of one's comfort zone and that is true for democrats as it is for republicans. the -- and that would be required for anything that is significant in size in terms of the deficit reduction packages that we are talking about. >> the president's meeting with house republican leaders went 30 minutes longer than the meeting with democrats which may reflect the difficulty in convincing them they can support the gang of six plan and stay true you to their pledge not to raise taxes. a gang member says, yes, they can. >> we really aren't raising taxes. we are actually lowering rates to help generate revenues. >> the plan does cut tax deduckses and that raises tax revenue more than a trillion dollars and shep, the

wendell goler the heat is on in more than one way. >> reporter: you are right. it is not just the august 2nd, deadline. congressional sources say they are trying to get a in place before the asian markets open tomorrow night. the markets were closed when house speaker boehner announced he was giving up on talks with the president friday evening. today's meeting here in the white house lasted just under an hour. congressional leaders instructed their staffs to work on the plans. republicans leaning toward one that takes the deficit cut as get to in the talks chaired by vice president biden and raises the debt ceiling about 1 1/2 trillion h that would satisfy speaker boehner's bottom line that the deficit be cut more than the debt ceiling is raised. but it wouldn't satisfy the president's demand that the debt ceiling be raised enough to last through next year. boehner has reportedly told republicans in a conference call today there are still options on the table for a long term extension. white house spokesman says a short term extension would rattle markets and r

tonight on "special report," wendell goler examines the options on the table on the fast-moving storyhows former massachusetts governor mitt romney maintaining his lead with the primary voters but there is significant move in the the pack. texas governor rick perry who has yet to announce and minnesota congresswoman michele bachmann both made significant headway. it's been a year since the dodd-frank wall street reform and consumer protection act passed. peter barnes looks at the impact of the legislation so far. "special report" starts at 6:00 eastern in washington. now back to new york. and "the five." ♪ ♪ ♪ >> greg: welcome back to "the five." so, in england, environmentalists are using the arrival of david and victoria beckham's newest and fourth child as an opportunity to rail against overpopulation. is that a hat? simon ross from the optimum population trust says having three or four kids is "being selfish." he says there is no point in reducing the carbon footprint when you have another pair of feet running around. that is the math of modern environmentalism, add a person, kill

tonight on "special report," wendell goler charts the day's back and forth. dig in detail a new plan with a live interview with one of the members of the gang of six. mike crapo. and rupert murdock and others testifietestified in the "news e world" phone hacking scandal. news corp is the parent company of fox news. we have a live wrap of the day's proceeding and a panel discussion on this topic. of the 20 suspected gun buyers and operation fast and furious only one is behind bars. we will tell you why. special report starts at 6:00 eastern. now we head back to new york and "the five." ♪ ♪ >> dana: welcome back to "the five." proving that the saying when one door closes, another door opens is true. the winning charlie sheen has a new show. the title is perfect. it's called "anger management." yep, you at home are thinking this won't be much of a stretch for our good friend charlie sheen. now let's say, do we have a picture of him? do we remember -- >> kimberly: behind my shoulder. >> dana: greg, do you think this is another example of failing upwards in hollyw

wendell goler is at the white house with what is holding up a compromise.co would see excons treated as a protected class. critics say it's political correctness run amok, while opponents say getting criminals back on their feet is the best way to stop recidivism. claudia cowan has a fair and balanced look. "special report" at 6:00 eastern. now back to "the five." ♪ ♪ ♪ >> kimberly: all right, everybody. welcome back to "the five." thank you for being with us today. the show is just getting started because we have a big cheater, cheater, oh, no, you didn't scandal that involves the entire state of georgia. and the governor is none too happy. sonny perdue said he was fed up and going to have investigation. they're not anonymous anymore. we call them out. 1788 principals and teach -- 178 principals and teachers and 82 confessions. as a former prosecutor i love a good confession. they fraud leaptly raise -- fraudulently raised test scores. what do you make of this? >> eric: this is when unions get too strong. teachers union, of the most powerful union in the c

we're going to bring in wendell goler now to talk about the president's remarks today as i was just saying, wendell. the president really made three points. first of all, as i say, he laid out the plan about 1.6 trillion in spending cuts. 1.2 trillion in revenue increases from closing loopholes and ending deductions. he said he is calling congressional leaders to the white house at 11:00 a.m. tomorrow to find out some way to avert default but he did did add he has been talking to treasury secretary gitedner about the possibility of default and how the government will handle that. so he, at least for the first time, seems to be indicating default is, while a very unpleasant, a real possibility and thirdly he really took off after the republicans said can they say yes to anything and while democrats have been able to step up, that republicans have not shown the capacity to make any tough decisions. again, this is the comments of the president. we're going to hear from speaker boehner in just a few minutes. wendell, what can you add to it and what are you hearing there at the white house abou

thank you so much, wendell goler, following the news out of washington for us.king live outside of the house of the former head of the international monetary fund, dominique strauss-kahn who could be free on bond this morning. law enforcement sources say the maid who accused hill of assault lied to prosecutors and is not credible. they say she's a con artist with ties to drug dealers and money launderers who deposited $100,000 in her bank account. he said his encounter with her was consentual. he is expected to be given more time outside. >>> and the nigerian man accused of boarding a flight at jfk airport with an expired boarding pass is due in a los angeles courtroom today. he allegedly used the pass to board a virgin atlantic flight to lax. he was arrested for trying to board a delta flight on wednesday with another bogus boarding pass. now congressman peter king is demanding an investigation into the breach. the tsa says it is reviewing the incident. >>> overnight minnesota's government shuts down after six months of negotiations failed to close a $5 billion

wendell goler live on the north lawn.. balanced. he wanted the cut cuts on the bt balanced with tax increases. how many times did he use it? seven times in a 14 minute speech. that did not get by charles who believes there was a reason why the president was using those words. >> this balanced approach asks everyone to give a little. the only reason this balanced approach isn't on its way to becoming law right now. keep in mind that under a balanced approach. what we're talking about under a balanced approach. a predecessor of mine made the case for a balanced approach by saying this. but today, many republicans in the house refuse to consider this kind of balanced approach. if you want a balanced approach to reducing the deficit. let your member of congress know. >> those two words together had been tested specifically with ind pendents because he said, let's face it, they end up deciding the elections, specifically in 2012 for the president. you heard taxing millionaires and billionaires, invoking the spirit of ronald re

wendell goler is standing by, he's been watching this process. we are starting to hear a little bit of what came out of the meeting. what can we expect a couple minutes from now. >> reporter: i expect the president will say there was progress made in the meeting with democrat and republican leaders of the house and senate, though he's unlikely to detail the progress. the only comments made at the start of that meeting were about the sandstorm in phoenix. the president put social security on the table today in an effort to cut up the $4 trillion from the deficit. republicans are saying they are considering tax loop hopes closing loopholes but they want to utilize that elsewhere. martha. martha: this has been very sense negotiations but the president has signaled that he would like to see serious developments come pwa, and cutting social security is very much on the table right now. do we expect he's going to take any questions? there he is, let's go straight to the president of the united states. >> hello, everybody i'm going to make a very brief

wendell goler is live on the north lawn with more. >> reporter: speaker boehner's plan would take the spending cuts agreed to before talks with vice joe biden broke down and raise the debt ceiling a little less than that. it would satisfy the speakers bottom line which is cutting spending more than the debt ceiling is raids but we'd have to go through this all over again by the end of the year. the speaker said yesterday it would solve the immediate crisis. >> there is going to be a two-stage process. it's not physically possible to do all of this in one step. having said that, chris, i know the president is worried about his next election, but my god shouldn't we be worried about the country? >> reporter: the president has made clear his bottom line is raising the debt ceiling enough to get through the 2012 election campaign. treasury secretary geithner suggested spending cuts won't be any easier to make when you add a republican presidential nominee to the negotiations. >> the idea that we'll spend another seven months lifting the cloud of default from the american economy, it seems

wendell goler is live at the white house. >> reporter: with the house struggling to pass a deficit cutting support from the left and the far right as you say the president called on the senate to act. he said there are plenty of ways out of this mess, but we need a deal by tuesday. the president said the country's aaa credit rating is at stake not because we lack money but in his words because we lack a aaa political system. he called for a compromise between two proposals offered by the republican and democratic leaders of the senate. >> we are in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. we agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform and i'm ready and willing to have that debate. if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms i'll support that too if it's done in a smart and balanced way. >> reporter: the senate majority leader harry reid says he will bring his bill to the floor possibly tonig

wendell goler is joining us live with the dell events -- developments as they tick by moment by moment. >> reporter: democrats say the republican bill facing a couple of votes in the house can not pass the senate which is the same thing speaker boehner said about a bill raising taxes passing the house. 53 senators, all the democrats and two independents, sent speaker boehner a letter last night saying they would vote against his measure if it passes the house. it would require another vote raising debt ceiling by christmastime which the white house said would further slow the economy at the time that is the most important selling season for many businesses. now today transportation secretary ray lahood, who was republican when he was a member of congress, did the briefing with press secretary jay carney. lahood says the current unwillingness for compromise from republicans and democrats is holding up the federal aviation's administration funding bill. that cost 70,000 construction workers their jobs right now. it is costing the government $200 million a week in lost airline ticket taxe