were going to insist on tax
increases.
as darren gersh reports, the
drama is not yet worrying
investors, but it is
complicating efforts to reach a
$2 trillion package of spending
cuts.
>> reporter: bond markets
greeted news the debt limit
talks had broken down with a
yawn today.
the view seemed to be that this
was just another act in a long-
running political drama.
two republicans-- majority
leader eric cantor and arizona
senator jon kyl-- abandoned
negotiations, saying democrats
were pushing for tax hikes they
could not support.
the next move may be house
speaker john boehner's, but
today, he did not give any
ground.
>> a tax hike cannot pass the
house of representatives.
it's not just that its a bad
idea; it doesn't have the votes
and it can't happen.
>> reporter: boehner insisted
the president needed to get more
involved in the talks.
but democrats like chris van
hollen, a participant in the
debt limit talks, charged
republicans were pushing their
anti-tax agenda at the expense
of...