let's discuss the stakes and politics with jessica yellin and gloria borger. the sound we didn't quite have there was the time saying it's time to rip off the band-aid, eat our peas. he spent a half hour with the key negotiators in the room. what happened today? any progress? >> no breakthroughs, but the way it's been described to me is that they essentially turned the floor over to eric cantor, the leader in the house of representatives, who worked out so many of these details with vice president biden before speaker boehner and the

gloria borger is here with me in our studio. gloria, i can't believe that if the majority leader and the minority leader in the senate and the president of the united states are all on board on the same page, if they reached the final agreement, they won't get 60 votes in the united states senate. i assume they'll get a lot more than that. >> i think what you're hearing is grumbling from conservatives about this so-called super committee joe was just talking act because they believe it puts the defense budge net great jeopardy. so they're worried that if you end up with some kind of across-the-board cut, that what's going to get hurt is defense and it's going to jeopardize national security. so i think that mcconnell is going to get some pushback from a lot of his sort of defense hawks. now, we clearly didn't hear that from john mccain on the floor earlier, although we didn't speak specifically to this deal. but i do believe that's going to be a huge concern of theirs. and on the house side, conservative house republicans who wan

jessica yellin, kate bolduan, gloria borger and ali velshi.meeting going on? >> reporter: it seems they have call it a night at least for this evening. the house is back in at noon tomorrow and the senate's back in around the same time. but other than the very symbolic vote that you've been talking about, anderson, where the house is going to take up harry reid's bill and block it to prove it can't pass in the house, other than that action on the floor, the action's not going to be on the house or the senate floor. it's going to be in these back room behind the scenes conversations between leaders if there is going to be a compromise reached it's going to be between them. but as we've been talking about, that hasn't started yet. >> and jessica, at the white house any word tonight on what happens next from their perspective? i mean, how involved are they going to be over this weekend? >> reporter: there are no plans, anderson, yet for any kind of a meeting. but i believe that if they decide it's necessary the president will sit down with these

earlier gloria borger talked with a top economist about that. >> do you think this is also enough to downgrade from our aaa status right now? >> well, yes, of course i'm -- i'm not in the rating agency, i can't speak for them. but listening to what they have to say, i think this would be sufficient, yes. now, all of the rating agencies have different opinions. some may go down a different path but i think broadly speaking, if it comes close to what they are talking about now, this is substantive and i think it should avoid a downgrade. >> we're digging a little deeper on the credit rating issue. let's bring in ali velshi. the u.s. has a top of the line credit rating. what's your take? can the u.s. come out of this with its credit rating untarnish untarnished? >> probably not, fred. for a lot of reasons, first of all we're talking about a $3 trillion cut over ten years in the budget. most of the credit ratings have said $4 trillion over ten years is what they need. that said, part of the reason why they've been threatening a downgrade is partially because of the u.s. debt situation an

also obama '08 gloria borger and my guests tonight. >> gloria borger, one reason we know there mightess, everybody is nervous. the democrats are nervous the president might be selling them out on social security and medicare. republicans are nervous, speaker talking about tax increases with the president of the united states. what are your sources telling you specifically about where they are? >> they're telling me the same thing. everybody is nervous and there is no deal until there's a deal. and a good sign, john, is that the president is now meeting with democrats separately. because it's very clear that he has to kind of tell them, this is what's really on the table. and he has to get their input. and then the republicans are meeting with members of their own caucuses. and that's also a good sign. so it's very clear they're running things by their own constituents in congress. but having said that, i think the big obstacles are still the big obstacles. the question is, will you raise taxes, right? >> will you raise taxes. let's go to the republican on that one. ari fleischer, you

gloria borger, i'll play contrarian here.i'll say that both the president and the speaker needed this moment, the speaker had suspicions of the tea party members that he was cutting the deal with taxes, he needed to prove he'd push the president away. he woke up this morning, and the loudest cries were from the liberals, how dare are you, we won't work for you, we might not even vote for you, mr. president, this day ends differently than it began. and i think in the end it might serve both the speaker and the president's purposes just fine. >> well, it may provide each of them with a little bit of political cover, if that's what you're saying, because the president can say, okay, i was willing to take the heat. the speaker says, look, i represent you, my house republicans. i represented your caucus. and now in the end, maybe they're going to have to take the backup plan, which house republicans did not like because it did not contain enough deficit reduction. so, i think you're probably right. but i think we're probably not g

let's discuss the stakes and politics with jessica yellin and gloria borger. the sound we didn't quite have there was the time saying it's time to rip off the band-aid, eat our peas. he spent a half hour with the key negotiators in the room. what happened today? any progress? >> no breakthroughs, but the way it's been described to me is that they essentially turned the floor over to eric cantor, the leader in the house of representatives, who worked out so many of these details with vice president biden before speaker boehner and the president started negotiating. and they sort of let cantor spell out how he would get to a deal. cantor speaking largely for the conservative caucus in the house. and the bottom line is when cantor added up all his cuts, what i've been told is that it only came to 1.7 to $1.8 trillion. well short of the 2.4 trillion needed, according to their own math, to raise the debt ceiling. so they sort of let him walk out there, show that it's just not enough on its own and let the whole group decide, how do we get to that 2.4 trillion, is i

gloria borger will be in for candy crowley on "state of the union."debt debate, charles schumer. >>> and then this is a breaking story we're getting out of iran. a verdict has been reached in the trial of two american hikers charged with spying. both were in court today, and two years after their arrest, as soon as we get the decision we will let you know. the verdict has been reached but has not been released, and it take up to a week to be released or could be released at any moment. >>> and then the debt ceiling debt line is less than two days away. nothing official just yet. we are watching this one. could be another long day in washington. also, from georgetown, guy ana, everybody survived a rough landing early yesterday morning. witnesses say the plane skid off the runway during a rainstorm. >>> in 1941, president roosevelt opened the door for african-americans into the marine corps. and many heeded that call. they were not sent to regular boot camps, but instead they were segregated at montford point. >> we fought two kinds of wars, one in comb

gloria borger. because of that experience, david, i want to go to you first.ching something that is messy. if you are a conservative republican, you probably like much of what happened. if you are a democratic, you are waiting. and if you are in the middle, you are saying, why all the posturing first? >> well, i think the house beginning to unlock the stalemate that was there and allows the senate to act and the boehner bill will go down and the reid bill will fail. i think the making of a compromise are clearly there. can they find a compromise that will actually pass the house? they have one that the democrats like in the senate, pelosi can wound up a lot of democrats. and speaker boehner, will the compromise satisfy the republicans? it's not clear, given how far they push it to the right. it's not clear if they can do it. >> and gloria borger, any vote you come to the floor, twuyou w to keep a majority of your guys. and it does not guarantee passage of the balanced budget amendment before you increase the debt limit. and that is what the democrats don't lik

carville and carly fiorina,chief white house correspondent jessica yellin has details as does gloria borger. jessica here we are two weeks away from the deadline, still no deal. where do things stand right now? >> reporter: after five days of negotiations and almost eight hours of discussions, practically speaking they are no further along than they were when this thing started last sunday. as you say, the president has said he wants this big deal but this thing broke up today, the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up leading to the real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another alternate deal that's bei

reveal the goddess in you. >>> gloria borger's back.ng with mitch mcconnell tomorrow morning. filling in ing iing i ing iing "state of the union." there's just a few hours left. >> right. and mitch mcconnell is clearly the key man here. he's somebody that they believe can really bring along a senate majority, can put some pressure on some republicans in the house to go along with this. and so he's clearly the person that the white house has picked among all republicans to deal with. and mcconnell could not deal until the boehner bill had gotten through the house because he supported the boehner bill. so now i think they're entering negotiations in earnest. the question is -- where are the democrats in all of this? >> who else is on "state of the union" tomorrow? >> we have chuck schumer, the key message-man in the senate for the democrats. and we have gene sperling, one of the president's top economic advisers, to talk about where we are in these negotiations and whether we're going to get it done. >> 9:00 a.m. tomorrow, a live show. we

david gergen, gloria borger. thanks a lot. >> we want to know how you think about this at home as well on facebook. also follow me on twitter @ sanjay gupta cnn. >>> coming up we'll take a look inside the mind of a troubled man who admits to bombing a credit office building and gunning down dozens of people. what turned him into tha moslem-hating development >>> also late developments in the trial of polygamist leader warren jeffs. we'll tell you about that and introduce you to some of his follower whose remain loyal even though he's behind bars. first isha sesay >>> new developments as well tonight in the casey anthony story. the trial judge not at all happy with some of what's being said about the jurors and their decision to acquit on the major charges. so he's taking action. we'll tell you about that and a whole lot more when 360 continues. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile. ♪ and 80,000 patents later, we're still reinventing it. ♪ it's no coincidence that the

. >> i am gloria borger in for candy crowley, and this is st e "state of the union." mitch mcconnell yesterday demanded that president obama get personally involved in the debt talks and he soon got his wish, and now there are reports this morning a plan is near. mitch mcconnell, thank you for being with us. let me get to it. can you announce this morning that a plan has been reached and there's a deal? >> we are very close. we had a good day yesterday, both the president and vice president called me and the president talked to the speaker as well, and they understand with a republican majority in the house and a republican in the senate, and we made progress in that direction since april when the administration asked us to raise the debt ceiling with no reductions at all. i think i can confidently say this debt ceiling increase will avoid default, which is important for everybody in america to know we are not going to have a default for the first time, and we're not going to have job-killing tax increases in it, and we will deal with the problem, and that's that the

joining us is political analyst gloria borger and david gergen. say it passes in the house and it goes to the senate. what are harry reid's options there? >> they're trying to figure that out right now. look, it's not going to pass the senate. but john boehner then has another decision to make quashed this revolt on the right. but if this measure goes to the senate and it doesn't pass, then there's another question if they go the legislative route this way. there's another question which is, can he possibly compromise and bring his troops along with him, or is he going to have to compromise and understand that in order to get something through the house he's now going to have to start looking for democratic votes? because once you start compromising with harry reid, you may just lose a lot of those tea party republicans and you're going to have to get some democrats in line to vote for this. so the whole dynamic really changes, anderson, once this passes the house tomorrow if it does as expected. >> and you're getting late details from your source

we got insight in a moment from gel ca yellin and gloria borger. there's new polling you should know about that mayed is prize you, showing what americans really think about raising taxes to close the budget gap. here's what republicans have been saying for a long time that americans think. >> right now this economy is ailing. and we don't believe, nor do i think the american people believe, that raising taxes is the answer. >> american people understand that tax hikes destroy jobs. >> i think what the american people appreciate is that you don't reinvigor ate the economy by raising taxes. >> 80% of the american people do not want to see taxes raised. >> the president's answer? let's raise taxes on job creators. mr. president, the american people don't want that. >> the american people don't want us to raise taxes. >> now, you can agree or disagree with the premise that taxes ought to be lower and government smaller. that's not what we're talking about. keeping them honest when republicans say they are pushing for a budget deal containing no tax in

david gergen and gloria borger with us tonight. david, i want to go to you first.ecause there's a leadership question here a several fronts. speaker boehner, leader reid, the president of the united states. i want to start with the speaker, who went before his caucus this morning. forgive me at home for using this language, he essentially said i know my plan fell a little short, i'm going to make it better, but when i do, you have to support me, his language, again, excuse me at home, you have to get your asses in line, and if they don't, it will undermine his stature as a leader. are we seeing an impatient speaker or is that an old football coach using tough language to rally the troops? >> i think it's a leader who knows his job is on the line and that if he doesn't get this, he's got a runaway caucus and the republicans lose stature. if they were -- if the boehner plan were to fail in the house, the advantage moves to senator reid and to the president. if boehner wants to have strength in the final negotiation, he needs to get this through the house. so, i think

joining us gloria borger and david gergen both weighing in on cnn cnn.com.what do you make of the president's statements today? was that scare mongering or does he have a valid snoint. >> it's both. of course he's trying to scare people. but it's also true that you could put social security first and pay it. but clearly, anderson, when a government as we are is borrowing 40 cents on the dollar, you're only got 60 cents left out of each dollar to figure out what you're going to pay for. that other 40 cents is not going to get paid. so theoretically, yes, social security may not -- checks may not go out. would the government actually do that? i think the social security would go out first then along with veterans checks. >> gloria, you're referring to this as a defining moment or definitional moment for the republican party. how so? >> well, i think at a certain point the parties have to decide how they're going to govern and what they're about. and i think it's always in my memory been that republican party is the party of smaller government and fiscal respon

with us today, "new york" magazine john heilemann, cnn's gloria borger, nbc's kelly o'donnell and "time" magazine's joe klein. first up, narrative has been about trying for a big debt reduction deal this year but the political consequences for barack obama and g.o.p. nominee next year are the real story here. if there's no grand deal what are the 2012 consequences? for the president, there are some 2012 upsides perhaps even without a big deal. for one, he claimed the higher ground through all of these debates. for looking more reasonable and he also championed the middle class because he proposed more taxes on the rich. the downsides for the president would include looking weak for failing to get a big compromise. also keeping the big spender tag. for the republican running for president next year, the up-sides of not getting a big deal are, keeping big spending charge against the president, good for them, and denying him a big victory. but there's the downsides for them, republican presidential candidate, by virtue of kicking the can down the road again. the tea party that looks like i

covering the week, gloria borger of cnn, john dickerson of "slate" magazine and cbs news, michael duffy of "time" magazine, and david wessel of "the wall street journal." >> award-winning reporting and analysis. live from our nation's capitol, this is "washington week with gwen ifill," produced in association with national journal. corporate funding for "washington week" is provided by -- >> we know why we're here. >> to give our war fighters every advantage. >> to deliver technologies that anticipate the future today. >> to help protect america everywhere, from the battle space to cyberspace. >> around the globe, the people of boeing are working together to give our best for america's best. >> that's why we're here. >> corporate funding is also provided by prudential financial. at&t, rethinking -- possible. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. when the president of the united

gloria borger has spent the day and the week working her sources on the negotiations. also with us david gergen. the president of the united states today having a second news conference. the theme, the republicans have come to at the end of the week, is mr. president, you're the president. lead. put a machine on the table. you put the specifics. you go first. the president has made clear, no. should he? >> yes. i've been surprised all along that the white house has been so reluctant to reveal what its own preferences would be. it's a political man you're to not attract controversy. john, if in fact the white house is working as the senate which appears what's going on to shape some kind of compromise around the mcconnell plan, the public really deserves to know what those cuts are. i have to support significant cuts, but we need to know what's involved if you're going to cut the budget by a trillion to a trillion and a half over the next ten years. >> i thithat's plenty to critic everybody here.republicans have gone back and forth and some republicans are quite adamant

let's bring in our strategy specialist and gloria borger, our chief political analyst. e makes some clear points. there's been no plans on paper that the obama administration has put forward and no legislation put forward by the democrats who control the senate. those are fair points. >> that's why the speaker felt that it was so important for republicans to go on the record. if they could not pass his proposal, then the democrats in the senate would feel that they had the wind at their back and would say, you know, you want to filibuster the debt ceiling, go ahead and do it. vote against us. so i think this is very important for the republicans here to lay down their marker. and then they can say, we tried to stop default. >> why haven't the democrats, including the president, actually put some actual proposal with numbers on the table that could be considered or scored by the congressional budget office. >> first of all, mr. reid did that, and we know what the actual score is, because the cbo came back and said -- >> why didn't the president do it? >> well, the preside

he's the guest on cnn's state of the union with gloria borger. also tonight, a cnn special report about finding a solution to this debt crisis. wolf blitzer and don lemon breaking down the obstacles and options. that's countdown to debt crisis, tonight at 9:00 on cnn. >>> turn to iran now where a last-minute pardon spares one man, the retaliatory eye for an eye sentence. literally. it was the change of heart behind this decision. you saw her picture just there. she was blinded when a man threw acid in her face. after he was convicted her attacker was sentenced to suffer the same fate in accordance with islamic law. but today, minutes before he was to have acid put in his eyes, blinding him, bahrami asked for the punishment to be stopped. the case got a lot of attention around the world that may have played a part in her decision. also in iran this morning, two american hikers held in tehran for the past two years are back in court today. this is the second hearing for josh fattal and shane bauer. the two men along with sarah shourd were hiking al

john king and gloria borger, what do you make of it? >> i make the fact the speaker can't get stubborn member toss come along. i was e-mailing with the top leadership who said it's more than one. i don't know how many votes shy but he said it's more than one. obviously they've been having the meetings throughout the night. you reach a point where you realize it's not there. we talked about this, the speaker his credibility is on the line here. what this suggests to me is that he still needs two or three votes. and because of that he realizes tonight he's not just going to be able to twist an arm. he's going to have to most likely make changes to the plan. that will take time. they'll have to make legislative changes if that's the case. if that's the case might have to make changes, go to the congressional budget office and say we're changing this plan. how much do we save. there's some horse trading going on. and the speaker realized he wasn't going to finish it tonight. >> in the old days it used to be when you were doing this kind of

maybe folks in washington can take a little bit of a lesson from that. >> the emmy-nominated gloria borgerin "the situation room." congratulations, wolf. >> we hope you win. >> thank you. >> are republicans risking it all with voters in the next year's presidential election by digging in their heels in the fight over america's debt limit? stand by, and members of the band cheap trick. they are lucky to be alive after their stage collapses. stay with us. you're in "the situation room." this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco.com cisco. [ owl hooting ] things aren't always what they seem out here. like that big fella over there. cost way less than i ever dreamed. i don't tell my friends just how affordable it is cus to them i'm still the big roller, the big cheese, ya know? oh, emmitt. baby, what y

we've got gloria borger and david walker, currently president and ceo of the come back america initiative is there any case to be raised for not raising the debt ceiling? >> no, there isn't. we don't know what the markets will do and what will to happen to the stock markets and interest rates. for every 1% or every 100 basis points increase, that's $150 billion a year in our total debt. >> so how do you see the debate? what's your take? >> both sides agree their raising the debt ceiling limit but it looks like it's going to be a smaller deal rather than a bigger deal because the republicans don't want to do anything that could be remotely called a tax increase. after the 2012 legsst we'll get comprehensive tax reform broadening the base, lower rates and generate more revenues, along with starting to deal with entitlement reforms. but i think right now, we're going to get a smaller deal and kick the can down the road with regard to the tough stuff. >> gloria, is that what it seems like politically? >> it does, anderson. if you step back for a moment and look at this it seems to me really t

>> reporter: they could come up -- you want the gloria borger solution? they could come up with a couple trillion in cuts which has no tax increases. they get a vote on the balanced budget amendment but it doesn't have to be guaranteed to pass. you get a debt ceiling that is sort of automatically approved in six months. and you get a trigger for cuts if congress can't do its work. how's that? >> all right. ali, is there any way to know how much this has already cost the united states? >> reporter: well, we haven't seen many interest rate increases. i was watching the mortgage rate this week. it went up by .001%. everybody it betting this is going to work. but the dow was down 4.2% this week. the s & p 500 which reflects your 401 k down 3.9%. $700 billion in the market capitalization of u.s. companies has been lost this week. a lot of that is these new and end on a happy note here. because last night working into the wee small hours the pizza deliveries were coming fast and furious. we finally found a man who's actually doing well out of this farce in wash

i'm gloria borger in washington. for the latest, tune in to cnn tonight at 9:00 eastern for a special report "countdown to debt crisis." we'll be breaking down the latest in the negotiations and what impact they will have on you. that's tonight at 9:00 eastern only on cnn. and up next for our viewers here in the united states, "fareed zakaria gps." -- captions by vitac -- www.vitac.com >>> this is "gps." welcome to our viewers in the united states and around the world. i'm fareed zakaria. we have a very important show for you this week bringing you two people who you're surely going to want to meet. first up, a unique perspective on the economy, global competition, the future of jobs and the role of government. dan akerson, the ceo of general motors, the largest consider manufacturer in the world back from bankruptcy with a bang. >>> then the new head of the imf, france's former finance minister christine lagarde on the fate of america, greece, the euro and more. >>> also the knight's tell particular. why in the worl

with white house correspondent kate bolduan and gloria borger and jeff toobin.ey all gone home now. >> reporter: people seem to think they're heading home but we know meetings are still happening, the republican leadership are still meeting, still talking. it doesn't seem like they still know the path forward. they're still working on it trying to build support around they say when they took the majority we promised to end the practice of forcing substantial bills through the house in the dark of night. we take that pledge seriously. drawing board. i'm told they are discussing revisions to the plan the speaker hoped to vote on today. how significant are the revisions? we don't know. another lead told me we'll meet with our members tomorrow and we'll go from there, meaning get a good night's sleep. let's come back and wrestle tomorrow. as they wait in the senate, i talked to a top republican aide there who said it's hard to tell. we'll start over in the morning. the hard to tell was an answer to the question does the boehner plan still live past tomorrow or do yo

this is from a discussion with anderson cooper and gloria borger. >> i'm still hopeful we'll get somethingink the stock market going down 200 points today, while bad news for 401(k) owners did send a powerful message to the congress. you're really playing with fire here now. the markets are -- you thought monday the markets were complacent. they're no longer complacent. they're sending a strong signal, buddy, get your act together or you'll have real trouble. >> a new gallup poll, this is how it breaks down, romney 23%, perry 18%, bachmann 13% and ron paul has 10%. it places rick perry, undeclared candidate, near the top of the list. >>> a bitter anger and frustration at a town hall meeting for those who got sick after 9/11. the justice department is holding a series of town hall meetings to explain how the victims' compensation fund will work. some are upset because the fund doesn't cover cancer. the world trade center health program concluded at this time, there's not enough scientific evidence to establish a link. more studies are planned for the future. >>> the woman who says the forme

senior political analyst david gergen and chief political analyst gloria borger. republicans' proposal for ending this debate, up for a vote in the house and no way that it will pass the senate, and the president said it will veto it. what's the point of doing it. is it political grandstanding? ceremonial? why do it? >> both sides have been using these debates as ways to send messages to their base to try and generate votes for the 2012 election. there was a reason that president obama wanted a $4 trillion deal. he thought it was the right thing to do, but also important to send a message independents. now republicans want to send a message to conservatives. this proposal is far more radical than anything we've seen so far. they need to send a message to the tea party and in particular, we understand this is basically what we're for. we may ultimately have to compromise. >> don, a lot of house republicans who don't want to go along with any kind of deal to raise the debt ceiling and a vote on this is what they say is a prerequisite to go forward with any plan by s

. >> gloria borger, david gergen, thanks. >>> crime and punishment, what the lead detectives in the caseyon said today about the young mother's acquittal. and gary tuchman talked to one of the jurors about the deep divide on one of the charges that could have put anthony in prison for years zm we're told the original vote for the aggravated manslaughter was 6-6. >> correct. >> which side of the six were you on? >> the manslaughter. >> also ahead, attacks on the american and french embassies in syria add new fuel to the tensions between syria and the u.s. and the west. tonight strong words from president obama, secretary clinton and the u.n. surt council. where is the crisis heading >>> somewhere in america, a city comes to life. it moves effortlessly, breathes easily. it flows with clean water. it makes its skyline greener and its population healthier. all to become the kind of city people want to live and work in. somewhere in america, we've already answered some of the nation's toughest questions. and the over sixty thousand people of siemens are ready to do it again. siemens. answers.

john king, gloria borger, jessica yellin working their sources. alley bell is here to talk money.already costing you money. also the raw politics of how a deal could get done. fascinating conversation with james carville and eric ericsson. fareed zakaria joining us talking about the tea party and polarization in the united states. all that and more tonight on 360, piers. remarkable evening. >> it certainly is. thanks, anderson >>> let's try this. and end on a happy note here. because last night working into the wee small hours the pizza deliveries were coming fast and furious. we finally found a man who's actually doing well out of this farce in washington. he's jeff williams, papa john's franchise director the very store that delivered pizzas to speaker boehner's offers. >> jeff williams, you seem the only guy in america with a smile on his face right now. business booming, right? >> absolutely. business is doing just well. just well. we've been shipping tons and tons of pizzas up to the hill. one thing's for certain. congress may not exactly know how to go one way or the other o

broader debt and deficit debate with our chief white house court, jessica yellin, kate bolduan and gloria borger. the house republicans say it has absolutely no chance to pass, but the house majority leader eric cantor today saying the new republican majority wants to make an important point. let's listen. >> today, the house has the opportunity to show the people that sent us here that we are serious about turning the page on the failed fiscal policies that this town has been about over the last several decades, and begin to get the fiscal house in order. >> seems to be no question, kate, by the end of this hour they're likely to pass this plan, but then what on the house side? >> reporter: then what on the house side is a good question. i think eric cantor -- and you summed it up well -- this is going to end up being a symbolic vote for house republicans. it's allowing them to show their constituents very importantly as well as throw their support behind very much deeper spending cuts and stricter spending controls than realistically will be part of any kind of compromise deal to raise the hou

joining me now is chief political analyst, gloria borger and jessica yellen.s has been called posturing, kabuki theater. is this all it is? >> it is a lot of theater. house republicans want to go on the record saying they are voting for a balanced budget amendment, if in the end the debt ceiling gets raised without the amount of spending cuts they might have liked. so this is something i think that the leadership believed it had to do, as sort of step one to get to the final step of getting the debt ceiling through in one way or another. and i think we kind of heard the president say that today a little bit when he came out and said, okay, do what you have to do, but do it quickly so we can get on to the important stuff. make your political points, but we've got to get this debt ceiling done. >> let's move on. jessica, where do we go from here? >> well, the white house is expecting that after this, they can start negotiating or hoping with the house republic an leadership, whether it's to move on to one of the other deals they have been talking about, or more

our chief political analyst gloria borger is here. she's doing well in almost all of these polls. in iowa -- even in new hampshire she's doing remarkably well. michele bachmann is getting some life of her own on the campaign trail. >> she. she's getting some traxz. obviously, she's a cultural conservative, fiscal conservative, wouldn't vote to raise the debt ceiling undery circumstance. she's good on the stump. people like her. i think her big problem, the big question is, whether rick appearry geappear appear -- rick perry gets in, the governor from texas, because he would take some oxygen away from her. what's interesting, when michele bachmann came on the national scene a lot of people -- one republican described her to me as a sarah palin mini me. okay? and now there's not that sense anymore. in fact, lots of people are looking at michele bachmann and saying, actually, she's a very credible candidate, even when compared with sarah palin. and at a certain point, sarah palin has to decide whether she wants to run for the presidency or not, and republicans are getting very, very

to help us sort it out, he would called on gloria borger. >> hello. >> let's pretend your a level-headedmber of congress. i'm a voter, walk in, i'm a voter and i walk in and flip open a folder. almost every state in the country, except vermont has a balanced budget provision. they don't just borrow their way out of trouble. why can't the federal government be like the states? >> first of all, tom, i would like to express my thanks for your confidence in voting for me as a member of congress, number one. >> all right, get along with it congresswoman. what's the answer? >> number two, i would like to tell you that the states operate very differently from the federal government. not as many responsibilities. for example, what about funding the military? homeland security, social security, medicare, medicaid. why would you want to put the federal government in a fiscal straitjacket if you have an economic down turn, for example, tom? and you have to fund things like unemployment insurance and then there are things like immigration you need to deal with. and what about international relations

morning shows, i know gene spurling is going to be on "state of the union" tomorrow morning with gloria borger'll hear what they have to say. so far it's weird in the sense that the white house is being at this critical moment in these negotiations thunderously silent, and we don't really understand, you know, what's going on. my own sense is they're moving in the right direction, though. because they simply can't afford default. >> yeah. and mitch mcconnell certainly calling on the president saying the president, the buck stops with him. if he agrees to something, then the democrats, he says, will most likely fall in hine. that was his -- that's what he said on the floor not long ago. wolf blitzer, thank you very much. enjoyed your coverage just last hour. make sure you stay with us because we're going to be all over the story throughout the show. democratic senator ben cardin is going to join me at the half-hour for more perspective on these very fluid debt talks. i want you to listen to this -- >> stepped back, pulled my glock 40 and put ten bullet in your [ bleep ]. until you drop. >> that

joining us is david gergen, our chief political analyst gloria borger and carl hultz, a special treat to have you on with us, carl, thank you. let me begin with you, gloria, here. two different plans, not enough time for either -- or not enough votes for either, i should say. where does it go from here? >> well, that's why the president is coming out tonight. the president comes out tonight and you know this, he wants to apply pressure. he wants to say the clock is ticking. he wants to say this is doable. and i think where it goes from here is, believe it or not, some kind of compromise in which you take the debt ceiling and you separate it from the second round of budget cuts that john boehner wants. because the white house is very insistent. i don't know that they can get this through, but the white house is very insistent, as one adviser said to me, we need to remove the debt ceiling from the political fire ants that keep coming up, which is the bush tax cuts, et cetera, et cetera. >> you're shaking your head no, david. can this be resolved in the next week? >> i think it's very do

chief of restdate.com, he's urging them to hold firm and our chief political analyst joining us, gloria borger. you said the boehner plan is not enough, are you prepared to have the speaker lose or pull from the floor and not have a vote on something that is incredibly consequential to his leadership, never mind the country? >> oh, you know, i don't think it's that consequential to his leadership. i don't remember this conversation about whether nancy pelosi would lose her speakership if obama care couldn't pass the house. i think that that's not really true. the speaker will still be the speaker, but if he continues to make people mad, the boeing legislation is being delayed, that could hurt, but, no, i think it would be a great night for the country if john boehner's plan was denied. put it in perspective, john, last week the entire conservative movement was unified behind republicans and five democrats in the house, all the republicans in the senate on a plan and this week the speaker couldn't make that the foundation for compromise. he said he had to go with the second plan. >> gloria, if