way to sum of this last year and in particular these last few months right here in washington than that. the american people want to see accountability and cooperation in washington, and they want to see that they're working together to get our fiscal house in order. this legislation doesn't get us there, but for the first time in a very long time, i think we can say to the american people that we're finally facing in the right direction, and for that, we have them to thank. mr. reid: mr. president. the presiding officer: the majority leader, the senator from nevada. mr. reid: the eyes of washington and the world have been watching washington this past week very closely. while they witnessed a lot of political wrangling they also saw congress make some historic, important decisions. and averted a default on our debt that has been so concerning to all of us for such a long period of time. our country was literally on the verge of a disaster. it was on the brink of a disaster. one day left, we were able to get together and avert that disaster. now, this compromise that we've reached is not perfect. and

way to sum up this last year and in particular, these last few months right here in washington than that. the american people want to see accountability and cooperation in washington, and they want to see that we're working together to get our fiscal house in order. this legislation doesn't get us there but for the first time in a very long time, i think we can say to the american people that we're finally facing in the right direction and for that, we have them to thank. >> majority leader, the senator from nevada. >> this is the majority leader, harry reid. he's about to speak. we should listen to him as well, then we'll assess what's going on. john king is here, gloria borger is here. stand by. let's listen to harry reid. >> -- and averted default on our debt that has been so concerning to all of us for such a long period of time. our country was literally on the verge of a disaster. it was on the brink of a disaster. one day left, we were able to get together and avert that disaster. now, this compromise that we've reached is not perfect and i feel it's important -- mr. president, can we have orde

choice by our country's leadership and if there ever was a doomsday mechanism for the lives of americans washington is that. all right again it's time for happy hour and bring me this evening as archie correspondent laura lister and prayer are you guys thanks for joining me let's start with i'm sorry j.c. i totally just did not say where you work where do you what organization you have is going to get you going to need me to st louis and strategies thank you thank you recovery i don't you're just i usually apologize for anybody. ok so let's start with something. obviously there's been a little hullabaloo over the fact that birth control may now be included you don't have to get cold pay for it we've shown a couple clips on the on the show over the last week but sean hannity had a take on it as well last night you can look. but again this is about women's health if you care about women's health problems and absolutely troll for a few in the cells can stop expecting other people to be responsible for every minute aspect of your life in this nanny state that you want to create why should we pay for me

all three of these ideals have been part of the american democratic experience, washington's revolutionfocused on liberty for the americans. liberty from the british and the establishment of democratic liberties. lincoln's revolutions that the course toward genuine equality. franklin roosevelt's revolution emphasized as never before the importance of fraternity to the health of a democracy. he brought to life the idea that americans working in common efforts would provide for the general welfare with greater justice and security. what constitutes a historic revolution and why does the work of roosevelt qualify? a revolution changes the way people live. not for lifetime or superficially but in significant ways for generations. this roosevelt accomplished. so did the original revolution led by george washington. it introduced a genuine democracy to the world for the first time and created a new nation dedicated to the ideals of liberty, equality and fraternity. skeptical european ruling classes laugh that the americans and they also worried. they laughed because they thought the americans

. >> when it came to healthcare i brought tens of thousands of americans to washington to fight the constitutionaldated. >> that is your view of effective leadership please stop because you are killing us. >> the candidates took over the debate much to the frustration of other candidates. they hope to emerge as an tflt to romney. for his part the former massachusetts governor set his sights on president obama. >> i it was fortunate enough to be a governor that got an increase in the credit rating of my state, at the same time we got a president that got a decrease. >> it featured eight presidential hopefuls who say they can beat president obama and fix the economy. >> i would love see the rest of tonight's debate about asking us what we would do to lead instead of playing mickey mouse games. >> rick perry is going to enter the race with an event this weekend in south carolina. >>> as for the president he appeared at a high-tech battery manufacturer in michigan. he blasted conscious to put country before politics. >> some in congress would rather see their opponents lose than see america win. that

america we will rebound from the recession and the effort will be spear-headed by the regular americans, not washington. >> there is nothing wrong with this country. we will get through the challenge. the only question is as a nation we'll do what it takes to grow the economy and put people back to work right now. can wi get policy to match up with the decency of the people. >> mr. obama is using a three-day tour to push plans for cutting deficit which includes spending cuts and targeted revenue increases. he is casting himself as a compromiser, trait white house aides say resonates with independent voters and lives up to the 2008 pledge to change the ways of washington. >>> the u.s. marshal service says it's investigating security guards at the federal courthouse in washington, d.c. for accepting baseball with roger clemens' autographs. officials say it appears that six baseballs were given to guard that distributed them to four or five coworkers. clemens went through security just like any other member of the public to enter the courthouse in his six-day perjury trial. it ended in a mistrial last mon

america we will rebound from the recession and the effort will be spear-headed by the regular americans, not washington>> there is nothing wrong with this country. we will get through the challenge. the only question is as a nation we'll do what it takes to grow the economy and put people back to work right now. can wi get policy to match up with the decency of the people. >> mr. obama is using a three-day tour to push plans for cutting deficit which includes spending cuts and targeted revenue increases. he is casting himself as a compromiser, trait white house aides say resonates with independent voters and lives up to the 2008 pledge to change the ways of washington. >>> the u.s. marshal service says it's investigating security guards at the federal courthouse in washington, d.c. for accepting baseball with roger clemens' autographs. officials say it appears that six baseballs were given to guard that distributed them to four or five coworkers. clemens went through security just like any other member of the public to enter the courthouse in his six-day perjury trial. it ended in a mistrial last month

american and understanding their cares and concerns. there is this kind of mythology being built up, i think, in washington, that americans aren't preparedor tax increases but i don't get that sense. i get the sense that there's much move realism on the streets in america about the need to do that. >> you know, what americans say about taxes to me, piers, is this. whether on the left or right, they want this sense that people are carrying their fair share. there's where you get into that argument is "fair share." we have 49% of americans last year that did not pay a dime in federal income tax. not one dime. and mathematically, we've got this bunch of folks that say the rich and business can solve it all. there's not enough money in the rich and business to solve it all. it will be a shared sacrifice and sadly, it's going to hurt all of us when we come out of our pocketbooks and when we cut services and things back. the government has mathematically reached a point it can no longer be all things to all people. and it's going to be tough on all of us. all of us enjoy things that are brought to us by d.c. and it's mathematically not able to

. >> when it came to health care, i brought tens of thousands of americans to washington to fight the unconstitutional individual mandate. i didn't praise it. when it came to cap and trade, i fought it with everything that was in me including i introduced the light bulb freedom of choice act. >> she's got a record of misstating and making false statemen statements. if that's your view of effective leadership, please stop because you're killing us. >> you said the era of small government was over, that sounds a lot more like barack obama, if you ask me. >> jeff, there you have her again arguing basically that her words are what matters, not her effectiveness. and governor pawlenty saying it matters if you get anything done. there's her saying yeah, but i came out for the light bulb freedom of choice. it sounds as if that's with confidence that that's a significant thing to say on this planet. >> and i think one thing that voters here in iowa at least have been really paying attention to this for quite a while. it wasn't just last night that they started hearing these distinctions. tim

washington. >> reporter: taking his message to the heartland, president obama began predictably. by trying to channel american frustration with washington. >> some in congress would rather see their opponents lose than america win. we can't have patience with that kind of behavior anymore. i know you're frustrated. and i'm frustrated too. >> reporter: while many here at the town hall say they support the president, some expressed concern over his ability to lead the nation out of the current economic crisis. >> they say we're recovering, i have yet to see it, at least in this area around here. so, yeah, i might be a little frustrated as well at this point. >> i want him to reassure me that my investments are safe. >> reporter: and some are simply frustrated with him. >> show a little bit more leadership and less compromising. >> reporter: the white house took pains today to claim this trip was not about the campaign, but that didn't stop the rnc chairman from following the president to minnesota and leveling this attack. >> we're ready to fight and we're here to take back our country. are you with me this mor

and then how do average americans feel about washington and their inaction on the economy never get a more personal view of the man has been coming in to pick him up. he is. the e.u. commission chief writes to eurozone nation leaders saying the e.u. bailout fund may need to be increased yet again as fears mouth that europe's sovereign debt crisis could continue doing goal for italy and spain and also a little relief in sight for the u.s. where investors fearing another recession have led american the stocks leading to wall street's worst day in the three years since the global financial crisis started. anti-government protesters in syria rejecting president assad's decree legalising opposition parties as activists say more than one hundred have died since the weekend and the continuing assault by troops on the rest of city of reacting to the bloodshed the u.n. security council condemned the government's deadly crackdown on demonstrators and called for internal political die. log and the violence. and a french court has ordered an investigation into possible misuse of public funds by t

washington. exploring the nature of asian-american identity. it took more than a year to select these seven artists in the show, which aims to smash stereotypes. jane o'brien reports from washington. >> there are almost 14 million asian-americans in the u.s. everyone has a different story. these photos focus on the korean term for ethnic koreans living abroad. all the works here focus on similar issues of identity and immigration, raising a complex question. what does it mean to be asian in america? >> what is the identity? it's something that i've inherited through heritage, or is it something that i have to confront through stereotypes? or is identity a practice that i compose in choices of how i stand, how i dress, how i choose -- make choices in my profession. >> all seven artists have different backgrounds, heritage, and life experiences, which reflect the wider asian-american community. these photos describe the clash of cultures when she moved to new york. while this one with japanese and mexican parents adapts traditional japanese or the

eric cantor wrote an up ad in usa today saying, quote, the american people elected the new house republican majority with orders to stop washington from spending money it doesn't have. wrong. the american people elected you to help create jobs you campaigned on this, mr. boehner. that's what you promised, your own pledge, to america, said, quote, joblessness is the single most important challenge facing america today, end of quote, your quote. yet you've done nothing. the republican house hasn't passed a single jobs bill since boehner took the speaker's gavel in january. and the gop candidates aren't doing any better. in fact, none of the top three contenders has a proposal for comprehensive job creation. though romney's website says they're working on it. i can hardly wait. but these republicans are certain about one thing, protecting corporations. >> we have to lower the tax rights. >> we need to take that rate and drop it down to being one of the lowest in the industrialized world. >> when people say raise taxes on corporations, they are raising taxes on people. >> well, again, you know what i feel about him feeling that corpo

americans back to work. the big question is how can they do that and how easy will that be, given the acrimony of the past few weeks and the gridlock we've seen in washington. one of the points that has been emphasized recently is this debt fight has raised the american people's interest in these issues and they feel that they can get the american people on board to help them fight and push congress to promote these priorities. so is that wishful thinking? who knows. but it is their view that maybe this fight could promote some of these issues when we go into this committee battle which is the next big fight we'll see before thanksgiving on the horizon. >> now that they've got this deal, the president will sign it into law later today. this does enable the president to go as planned to chicago tomorrow to celebrate his 50th birthday and do some political fund-raising. >> reporter: that's right. the president clearly is ready for a celebration at this point. i would describe the mood here as some exhausted relief, and people actually went home at a reasonable hour last night for the first time in many, many weeks. so the president does head off to chicago t

. >> the push and pull americans saw in washington was not gridlock. it was the will of the people working itself out. a political system never meant to be pretty. >> tim geithner told "good morning america" today spending reduction will not slow the economy. >> most important thing is the create more room for the private sector to grow. though it locks in substantial long-term savings, the cuts are modest. >> it will provide money for the united states to borrow, it calls for a bipartisan committee to draft legislation to find up to $1.5 trillion more in deficit cut by thanksgiving. under consideration, federal retirement benefit, farm suddy, medicare and medicaid. if the proposal from the six republicans, six democrat committee does not pass congress, it would trigger a crippling round of automatic cuts, including to defense and medicare. the president says that next measure must include what he didn't get this time. increased taxes on the wealthy. >> since you can't close the deficit with just spending cuts, we need a balanced approach where everyth

the push and pull americans saw in washington these past few weeks was not gridlock. it was the will of the people working itself out and a political system that was never meant to be critic. you see, one reason america isn't already facing the kind of crisis that we see in europe, presidents and majority parties here can't just bring about change on a dime. as much as they might like to from time to time. that's what checks and balances is all about. and that's the kind of balance that americans voted for in november. the american people sent a wave of new lawmakers to congress and last november's election with a very clear mandate. to put our nation's fiscal house in order. those of us who have been fighting the big government policies of democratic majorities in congress welcomed them into our ranks. together we've held the line. and slowly but surely we've started turning things around. that's why those who think that no problem is too big or too small for government to solve are very worried right now. they are afraid the american people may actually win the larg

captions by vitac -- www.vitac.com >>> your financial security depends on your job and americans are looking to washington for answers. welcome to "your $$$$$." president obama saying this week that he'll announce a new jobs initiative in september. john king is cnn's chief national correspondent. americans need help now. the president apparently is going to offer something next month. >> next month because the president says he wants to talk to his economic advisers. they're reaching out to ceos. the white house says this will not be a repackaging of things the president has put on the table. extending the payroll tax cut, which the administration says hope to create jobs, extending unemployment insurance for people out there frustrated and can't find a job. the question is, what will they be. we know some will involve spending. government spending. house republican leadership have said that's stimulus. the administration says it will off set that spending with cuts elsewhere, so the president believes he will have the high ground politically. the question is, even when the president has a new package af

. >> when it came to health care, i brought tens of thousands of americans to washington to fight the please stop because you're killing us. >> reporter: the candidates pretty much took over the debate. much to o e frustration of the other candidates. >> i understand you have the next question -- >> i haven't had a chance to say a whole lot. >> reporter: bachmann and pawlenty both hope to emerge as an alternative to romney. for his part the former massachusetts governor set his sights on president obama. >> i was fortunate enough to be a governor that got an increase in the credit rating of my state. at the same time we got a president who got a decrease in the credit rating of our nation. >> reporter: the two-hour fox news iowa gop debate featured eight republican presidential hopefuls who say they can beat president obama and fix the economy. >> i'd love to see the rest of tonight's debate asking us about what we would do to lead an america whose president has failed to lead, instead of >> reporter: texas governor rick perry did not take part in last night's debate. he's going to en

was in this to make gobs of money but he also to give him credit he wanted to bring washington to everyday americans. right after washington died, there were a number of biographies of washington that were published the best known by george marshall -- john marshall you can still get now. it's available, but was a huge ponders biography. john adams compared it to a mausoleum. [laughter] it's very dull, hard to get through, and it created a washington who's a very distant, who is that man of marvel, that statute, that image. the genius of parson weems was he understood the was not enough. the statute was not enough. the painting, the image, the face was not enough. washington needed to be real for us. he needed to bring washington to schoolchildren, to grandparents, to farmers, pioneers, workers, to everybody. the best way he knew to do that was to tell a series of anecdotes about george the would make him into a real human being and make him into somebody the devotee could feel they could shake his hand and looked nti and tell him their stories and george washington would understand. it's almost as

american, ready to blame washington for the debt crisis and the s&p downgrade and according to them bothes are equally at fault. plus, mitt romney touting his reign as governor. here it is. under "the washington post," steve mcmahon and pat buchanan. what do you make of the fact romney bragged about the fact that he got better credit rating from the s&p out of massachusetts but never noted the fact he got because they raised taxes in the assembly up there? >> that wouldn't be something he would want to bring up and put out front. perhaps you think that might be advantageous to him, but it wouldn't be, chris. romney will be hit on think, the taxes, the real taxes, were enacted in the governorship before his, which was a democrat, and then he took advantage of that and got the state's credit rating raised, which i think was a good thing and cut taxes 19 times. i read that, read that closely. i don't think it's really a real issue that someone on the conservative side of the republican party can use to gray effect against romney. >> what do you think, from the liberal sides of things, an is

americans. a "washington post" poll found about 70% of respondents are not confident in the government's ability to repair the economy. and a majority thought standard & poor's downgrade was a fair assessment of the country's financial situation. >>> recess is over for british lawmakers. parliament will meet next hour to address the riots that have been tearing up the country. prime minister david cameron has called them back from holiday for an emergency session. thursday morning has not seen as much chaos. one analyst figures the four nights of looting and violence has cost businesses $160 million. they believe three men in birmingham who were run over by a car and killed ar protecting businesses from looters. the father of one of them pleaded for the end to the violence. >> i lost my son. blacks, asians, whites, we all live in the same community. why do we have to kill one another. >> what's escalated? why are we doing this? i lost my son. step forward if you watt to lose your sons. otherwise, calm down and go home. please. >> police have arrest add suspect but they have not linked the men's

american south. >> to a new exhibition at the national portrait gallery here in washington. exploring the nature of asian american identity. it took more than a year to select the seven artists included in the show which aims to smash stereotypes and provide a provocative insights into the complexity of the asian-american experience. i went along to find out more. ♪ there are almost 40 million asian-americans in the u.s., everyone has a different story. these photos focus on kyoto. all the work focused on similar issues of identity and immigration, raising a complex question, what does it mean to be agent in america -- to be agent in america? >> is it something that i inherited? is this something i have to confront prue stereotypes? -- confront through stereotypes? >> all seven artists have different backgrounds, heritage, and life experiences. this artist was born in japan and her phone is described the clash of culture when she moved to new york. this artist is japanese and mexican parents use is a traditional japanese techniques. >> this painting is a knockoff of a famous

. >> the push and pull americans saw in washington was not gridlock. it was the will of the people working itself out. a political system never meant to be pretty. >> tim geithner told "good morning america" today spending reduction will not slow the economy. >> most important thing is the create more room for the private sector to grow. though it locks in substantial long-term savings, the cuts are modest. >> it will provide money for the united states to borrow, it calls for a bipartisan committee to draft legislation to find up to $1.5 trillion more in deficit cut by thanksgiving. under consideration, federal retirement benefit, farm suddy, medicare and medicaid. if the proposal from the six republicans, six democrat committee does not pass congress, it would trigger a crippling round of automatic cuts, including to defense and medicare. the president says that next measure must include what he didn't get this time. increased taxes on the wealthy. >> since you can't close the deficit with just spending cuts, we need a balanced approach where everyth

republicans to cry back door amnesty or for them to say the president going after the will of the american people. washington, senator john mccain, senator oren hatch. people play political football with our lives, this is something that americans, undocumented immigrants, and american citizens want, but at the end of the day, the fact no one can agree on a compromise, people are basically still in limbo. mind you, what happened yesterday when the policy was introduced, this could change if obama is not reelected to be president in 2012, so lives are still in limbo. >> in terms of the potential calculus here and the room to maneuver that the administration has, as you heard in the introduction there, i felt like the obama administration has made it pretty clear that they felt like the investment they made in border security and also the hugely stepped up number of deportations should have bought them some political room to move in terms of making immigration reform possible. do you think they did buy themselves room to maneuver? >> i think the obama administration tried to be as forth coming with what their

i brought tens of thousands of americans to washington to fight the unconstitutional, individual mandate. when it came to cap and trade, i fought it with everything that was in me, including i introduced the light bulb freedom of choice act so people could purchase levels of their choice. >> tim:t was the first remember they were also running against president obama. >> where's barack obama on these issues? you can't find his plans on some of the most pressing financial issues. where is barack obama's plan on social security reform, medicare reform, medicaid reform? anybody in this auditorium or anyone watching on television, if you can find barack obama's specific plan on those items, i will come to your house and cook your dinner. [ laughter ] [ cheering and applause ] >> or if you prefer, i will mow your lawn. in case he wins, i am limited to one acres. >> in the most interesting substantive question and relevance, all of the candidates were asked, if they would accept a deficit reduction package that would include an increase in taxation, but in a ratio of 10-1. that is to say, ten s

none other than the tea partyers in washington. americansthat. >> well, this is much more than just a slap on the wrist. in many respects, it was a punch in the face. and i think to all lawmakers, getting the message from the s&p that they've got to work it out. lenny, do you think that the republican response was appropriate? mitt romney, michele bachmann -- is blame where we have to go right now? >> yes, it was an appropriate response. listen, the lack of leadership does not come from the tea party folks that responded in response to the democrats not passing a budget for years, to the democrats worrying more about health care reform than they're worried about jobs or the economy or the debt ceiling at the time. listen, even with the faa situation, again, we had democrats doing piecemeal type of agreements from 2007 when they controlled the house of representatives on forward. if there's a lack of leadership, it goes back to the democrats, and who's the top of the democratic party right now? it's president obama. so with these republican p

washington, d.c. and to the white house. people are looking for a champion. they want someone who's been fighting. when it came to health care, i brought tens of thousands of americansshington to fight the unconstitutional individual mandate, i didn't praise it. when it came to cap and trade, i fought it with everything in me, including i introduced the light bulb freedom of choice act so people could purchase the light bulb of their choice. >> you'll notice the only piece of actual legislation bachmann cited was the light bulb freedom of choice act, a bill she introduced but did not get past. like many viewers, the particular dog whistle, it turns out the fate of the household light bulb has evolved into a hot button passionate issue among the conservative grass roots. you see the old fashioned incandescent light bulb is a nifty device, but inefficient. compact fluorescent bulbs use 1/5 of the power a standard light bulb uses. so the security act of 2007 was passed, which would require all light bulbs sold in the u.s. to meet certain efficiency thresholds. similar to the way all cars must meet mileage efficiency standards, for example. the bill was signed into law

. >> when it came to healthcare, i brought tens of thousands of americans to washington to fight the unconstitutional mandate. >> that is your view of effective leadership please stop. >> the candidates took over the debate. much to the frustration to the other candidates. >> bachmann and pawlenty hope to emerge as an alternative to romney. he said the former governor set his fight against president obama. >> i was fortunate to be a governor that got an increase and president got a decrease in the credit rating of our nation. >> they featured 8 republican presidential hopefuls who say they can beat president obama and fix the economy. >> i would love to see the rest of tonight about what we would need to do but instead of playing mickey mouse games. >> perry did not take place in the race. he is going to enter an event in south carolina. >> as you just gathered there, the teetering economy shadowed the debate given them a amount am opportunity to criticize the president. stock market spurred in part by a report from cisco and best weekly unemployment numbers. it close up almost 4.35%

washington, d.c. and to the white house. people are looking for a champion. they want someone who has been fighting. when it came to health care, i brought tens of thousands of americans to washington to fight the unconstitutional individual mandates. i didn't praise it. when it came to cap and trade, i thought it was everything that -- i fought it with everything in me, i introduced the lightbulb freedom of choiceéi a> chris: i'm sure you have been waiting for the opportunity governor pawlenty, 30 seconds to respond. >> i'm surprised congresswoman bachmann would say those things. not the kinds of things she said when i was governor. she has a record of misstating and making false statements. she says she is fighting for these things. she fought for less government spending, we got more. she led the effort against obama care, we got obamawear. -- obama care. it is not her spine we are worried about it is her record of results. if that is your view of results, please stop, because you are killing us. >> chris: con