there will be some background from eric pianin. tomorrow, we begin a five-part series looking at the issue of homeland security. we will focus on the department itself, airports occurred, and, later in the week, civil rights and social liberties, border security technology, and bioterrorism. that is all this week on c- span's "washington journal." thank you for joining us this sunday. i hope you have a great week ahead. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> coming up, senator just bingaman, talks about gas prices and proposed tax breaks for oil companies. then oil executives testified to a senate panel on some of the same issues. after that, the release of a new report showing medicare and social security becoming insolvent sooner than previously thought. and the president's speech in el paso on immigration. >> to mark, we look at how small businesses can protect information from several tax. -- tomorrow, we look at how small businesses can predict cyberm

host: eric pianin will be here in about 50 minutes to talk about the debt ceiling. parties are at odds on the living matter of whether to raise the ceiling. a line of demarcation is being established between those who want to raise the ceiling and many tea party backers who do not. it is an uncomfortable schism and has the u.s. chamber of commerce working overtime. the party freshmen are disinclined to raise the debt limit absent strong curbs on future spending. lexington, ky. good morning. independent line. caller: i just would like to say to the lady that was on before, i have to disagree with what she says about the government and the media. i would have to agree with the facts in the story. this is the way control has been made since the beginning. i think the american people need to realize that the world is changing. when the world changes, our leadership, our money, our policies, everything changes. i am in the industry, and now there are three more laws online that allow people to get three streams of income. i am watching the tax. there is no way to track i

tomorrow, fiscal times washington editor eric pianin explains the the debt ceiling and what action to expect from congress, the u.s. treasury, and the obama administration. then we have guessed from the peterson institute who talk about reaching a -- to talk about how reaching the debt ceiling could affect our global standing. making the carter examines the way the dhs test for airline security. "washington journal" is live at 7:00 a.m. eastern on c-span. >> next, prime minister's questions from the british house of commons. one year after forming a coalition year met with the liberal democrats, british prime mr david cameron defended his government's position on reforming the national health service and reducing the debt. members also asked the prime mr. questions on cyber security, support for military families, and cuts for monday emergency services. this is just

tomorrow on "washington journal," eric pianin explains the debt ceiling and what action to expect from congress, the treasury, and the obama administration. veronique de rugy and joseph gagnon talk about economic standing in the world. in the first in a five-part series, correspondent mickey mccarter discusses preventing -- discusses airline security. next, prime minister's questions from the british house of commons. one year after forming a coalition government with liberal democrats, david cameron defended his government's position on reforming the national health service and reducing the debt. members also asked the prime minister questions on cyber security, support for military families, and cuts for london's emergency services. this is just over 30 minutes. >> questions for the prime minister. minister.

host: eric pianin will be here in about 50 minutes to talk about the debt ceiling. parties are at odds on the living matter of whether to raise the ceiling. a line of demarcation is being established between those who want to raise the ceiling and many tea party backers who do not. it is an uncomfortable schism and has the u.s. chamber of commerce working overtime. the party freshmen are disinclined to raise the debt limit absent strong curbs on future spending. lexington, ky. good morning. independent line. caller: i just would like to say to the lady that was on before, i have to disagree with what she says about the government and the media. i would have to agree with the facts in the story. this is the way control has been made since the beginning. i think the american people need to realize that the world is changing. when the world changes, our leadership, our money, our policies, everything changes. i am in the industry, and now there are three more laws online that allow people to get three streams of income. i am watching the tax. there is no way to track i

host: let me jump in and get the phone numbers on the screen again for our guest, eric pianin of the financial times. if today is the big day to hit the debt ceiling, what does this mean? what happens next? guest: it is an important moment, and it should not be taken lightly. the fact is that the treasury is now bumping up against this $ 14.3 trillion debt ceiling, which includes mostly public debt, which is borrowing from outsiders, foreign countries, whatever, and probably one-third it is just the government borrowing from itself, dipping into other accounts like social security trust funds to come in a sense, borrow money to operate the government on a day-to-day basis with the promise of repaying those ious. part of it is an accounting fiction. it is an age ago approach to governing. revenues come in. revenues go out. we borrow the rest to cover our obligations. yes, this is an important day, but this is not the first time we have had a crisis of this sort. in the past, the treasury has been able to find or use a number of bookkeeping gimmicks, ies for, in atrategy' sense, gainin

agencies in fomenting insurgencies or terrorist attacks or >> tomorrow on "washington journal" eric pianin the u.s. treasury and obama administration. and joseph gagnon talk about the economic debt ceiling could reach economic standing in the world. and first of a five-part series on the department of homelapd security. homeland security mickey mccarter examines the ways d.h.s. attempts to secure airlines. "washington journal" 7:00 a.m. on c-span. coming up on newsmakers, energy and national resources committee chitch senator jeff bingaman. after that on "road to the white house, 2012 presidential candidate newt gingrich and his remarks at the georgia republican party convention. also representative ron paul on his candidacy announcement tour in new hampshire. >> how do they transform, what series of choices do they make to become terrorists and kill hundreds of thousands of snem >> in his book "mastermind" richard mintier looks at the architect of the 9/11 attacks. >> this is a why who really mattered. understanding him is about understanding the future of the war on terror. now that bin