in our last segment, we will be talking with erik wasson of te "the hill." thank you for joining us. we will see you tomorrow morning. [captions copyright national cable satellite corp. 2011] [captioning performed by national captioning institute] ♪ ♪ >> next, "newsmakers" ohio congressman jim jordan and then president obama's town hall meeting on twitter. >> this week, congressman jim jordan, republican of ohio and chairman of the republican study committee, welcome. we had two reporters to help us ask questions. the republican study committee as a group of over 175 republican conservative members. the president has said that both sides need to have political pain and both sides need to drop their ultimatums. do you have an ultimatum? >> we sure do. that is what we call cut, cap, and balance. it is a plan that we think makes good common sense and we think the american people like this idea. cut spending in the short term and in the midterm, caps spending as a percentage of gdp, and most importantly, this is the real game changer, use this moment to for the

and panama with erik wasson. that is live on c-span. tomorrow, president obama speaks at a white house news briefing about the death. we will have live coverage starting at 11:00 a.m. eastern here on c-span. tomorrow on c-span 3, the u.s. chamber of commerce will host a in jobs for american summit. leaders will discuss the factors in hiring and the role of government trading an opportunity. also include the release of the small business outlook survey. that is at 1:00 p.m. eastern on c-span 3. representatives from every presidential a administration talked about the core principles of the space program shared by administration. this is about three hours. >> good morning everyone. everye an author's a of major space policy. this is the first event of its kind. it has not been done before. it is good timing. it may be the last one c-span does. the end of the world this tomorrow. a little bit about the space enterprise council. we advocate for the advancement of the space commerce in the context of why space is important to economic and na

erik wasson will talk about the pending trade agreement. "washington journal" is live at 7:00 a.m. eastern on c-span. the meeting at the white house wrapped up earlier as president obama met with congressional leaders for about one hour and 15 minutes to talk about the deficit reduction plan. the white house put forward a package of $4 trillion in cuts. late last night, house speaker john boehner said republicans would not accept the plan that includes tax increases. they want to use the plan that includes about $$2 trillion in cuts. earlier today, the leader of the republicans in the senate, mitch mcconnell, echoed his remarks. he said raising taxes is a bad idea, especially in today's weak economy. the debt reduction plan has been tied to allowing the nation's debt ceiling to be raised. the deadline for that is august 2 when the government will go into default. two of the president's top advisers say will continue to push for his plan. they said the president going into the meetings wanted a deal that combined spending cuts, entitlement reforms, and tax increases. you can follow

you can read erik wasson at thehill.com. is the american dream dead? that was in the usa today this morning. it was sponsored by eight insurance company that was to provoke conversation. comments are reflected in headlines this morning. the blame game goes on. this is this morning's "washington post." "usa today -- about this is for july 22 for a deal. a budget deal or bust -- the new york times. the washington times -- senate cancels vacation as debt talks still stuck. we will take our first endemic -- our first telephone call from barbara, a democrat. >> i think the american dream has turned into the american nightmare. host: what is the american dream need to you? caller: it used to me social mobility. if he worked hard, got a good education you could live better than your parents and maybe move into the middle class. maybe all a home. those things are no longer options. those doors of our being closed shot. college is out of reach for most people. workers are being squeezed. productivity, but no pay or benefits. no pensions. from every angle, the a