we have a lot of confidence in jon kyl.e have decided to not send him a list of instructions about what or what not to do. we're going to wait for him to recommend what we're going to do and then we will make decisions. >> as the summer goes on, and there is no grand deal in the works, are republicans willingly to do this in a piecemeal manner and have a series of debt limit votes before the next election? >> i suppose anything could happen. but rather than trying to answer hypothetical questions, here is what we ought to do. we should make sure we always pay our bills, that we do not default on our debt, and make sure we do something significant to reduce our long- term debt, including entitlements. that should be our goal and we ought to act like grownups and get it done. >> do you think that taxes should be part of the solution? if that is what it takes to get to a $4 trillion deal, to have revenues do part of the job of paying down the debt, would that be acceptable to you? >> i'll wait to see what jon kyl comes back wi

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 the country. >> the speaker of the house said it was time for an adult moment- - "adult moments" mean it's time

republicans eric cantor and jon kyl walked out this week, saying that tax cuts have to be off the table. what you make of this one, colby? >> this is the kabuki dance that will take place before august 7. republicans painted themselves into a corner by saying no tax increases. everybody knows that to take a real whack at this problem, we need a combination of cuts and increases. just as the democrats have to can see -- see butc -- concede the spending side, republicans have to concede that the tax that they pushed through, the wars financed by borrowing, all contributed. this will go on for the next couple of weeks. president obama will wait until the last minute to put something on the table and say, "take it or leave at." that is when the trauma really unfolds. -- drama really unfolds. >> anybody who is it in a bid to negotiation now is that -- [unintelligible] unpredictable, just awful. that is what cantor and kyl were playing. the trouble is, those kinds of things playing out on the national stage have real economic consequences. i know people will actually stop investing in the sto

senator jon kyl. a "fox news sunday" exclusive. also, the president lays out his plan to pull troops from afghanistan. as congress challenges the commander-in-chief over libya. we'll ask our sunday group about both conflicts. >> not because i have an ideological -- >> chris: our heated exchange last week with the "daily show" jon stewart lit up the internet. today, we set the record straight. all right now on "fox news sunday." hello again from fox news in washington. tomorrow, the rising star in republican presidential politics michele bachmann officially opens her campaign in her hometown of waterloo, iowa. but first, she sits down with us for a "2012: one on one" interview. congresswoman, welcome back to "fox news sunday." >> thank you, chris. >> chris: you have faken -- taken off since the new hampshire debate. and the new poll from the "des moines register" shows that. in the likely republican caucusgoers, mitt romney is first with 23%. but you're right there with 22%. all the others as you can see are far behind. how do you a

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 the country. >> the speaker of the house said it was time for an adult moment- - "adult moments" mean it's time for making tough decisions. >> reporter: at the very least, democrats would like to see some symbolic tax breaks, like incentives for oil companies cut as part of a $2 trillion deficit reduction package. but many republicans have signed a pledge vowing not to raise any taxes. alex brill worked for the republican staff of the tax- writing ways and means committe

raise the debt ceiling reached a head over the issue of taxes congressman eric cantor and senator jon kyl both republicans actually walked out of the meeting apparently over talk of proposed tax hikes or as republicans have said since day one are off the table vice president biden has been meeting with lawmakers in hopes of reaching a deal by next week to raise the fourteen point three trillion dollars debt ceiling before it from the treasury department runs out of money if congress does not act by august second default could occur which would in turn have bruising the facts on the economy and the markets around the world so what does this mean for u.s. debt. for more i want to go now to our new york studio to talk with courtney comstock editor at the business insider. and there courtney reports now saying this is not the death of these talks but they're certainly on life support so i want to get your take what happens if an agreement is not reached you know that's a terrifying thought if it hits august second and we haven't raised the debt ceiling and we haven't delayed it longer i don't

raise the debt ceiling reach to head over the issue of taxes congressman eric cantor and senator jon kyl both republicans actually walked out of the meeting stormed out apparently over talk of proposed tax hikes which republicans have said since day one are off the table now is president biden has been meeting with lawmakers in hopes of reaching a deal by next week to raise the fourteen point three trillion dollar debt ceiling for the treasury department runs out of money now if congress does not act by august second default could occur which in turn could have bruising effects on the economy and the markets really around the world so what does this mean for the u.s. debt for some answers earlier i spoke to courtney comstock editor at business insider i asked her what would happen if the u.s. were to default here's a response. but that's also really concerning. because if there weren't chads that we default on our debt it would just be really disastrous and the fact that there's even that like point that this might happen is just terrifying if it hits august second and we haven't raised

today, top republicans, you have eric cantor and jon kyl, they dropped out of the talks.hey say the democrat calls for more stimulus measures simply won't pass through congress, and then there's this. that announcement that the administration will release 30 million barrels from the strategic oil reserve. that is stoking the debate on america's energy policy this afternoon. add to that the president's plan that he announced last night to bring 10,000 troops home by the end of this year from afghanistan. now, his defense secretary, also his joint chiefs chair, even his top commander on the ground there, david petraeus who by the way is about to be confirmed really any time now, this afternoon the head of the cia, they have all shared concerns about the president's timetable for a drawdown. and then there are the words of his secretary of state who says, like it or not, we are negotiating with the taliban, and that is where i want to spring in our foreign affairs correspondent jill doherty at the state department. and jill, the president just kicked off, you know, let's cal

political conservatism--political conservatives such as jon kyl say that environment alist are to blamethe environmentalists say that this problem has been growing for years. >> take a look at the temperatures, we will be right back. ♪ [ woman ] this icelandic mud was working wonders on my skin. but if it was going to do the same for my spa, i had to figure out a way to get it back to the states. so i called my citibank small business expert. he got me a line of credit to make it happen and even improved my cash flow. now, my spa has more business than ever. ...and so does our cleaning crew. [ male announcer ] at citibank, we believe small business is a big deal. what's your story? citibank can help you write it. [ male announcer ] at citibank, we believe small ♪ [ fksy istlg ]]a big deal. [ ma] qutings a ght yocan'let urse los canake ny tes. t ke tryg, you ll bt sming. ney,ou oy? ye, i'fine ♪ [kule ] >> ladies and gentlemen introducing the all new, no ok. >> it is now selling on line this weekend, to compete with the kindle it is now selling a unique nook. >> this is barnes and noble c

now eric cantor pulled out and then jon kyl pulled out. they basically said, we're leaving the talks until the democrats stop pushing for the tax increases. >> let me ask you. when you look at all the issues -- economic issues, domestic policy issues, foreign policy issues, everything else -- i think looking at the numbers and saying, this is exactly the race that president obama should be running a year from now. >> there is little one can see out in the future that rooks promising. in other words, the jobs are not going to come quickly. so the rate will come down slowly. there is no stimulus out there with the fed or the congress. he will have a hard time getting agreements on the deficits. i imagine we'll be in for short-term patches. >> so -- >> where do you find the good news? the bin laden thing was -- if he gets a bin laden in october of next year that could change things. >> if there is such a thing. for now the good news for him is it's preseason. at least he can say it's practice for what's coming up later. >> that's true. the co

eric cantor and jon kyl blamed democrats for demanding tax increases as part of the deal. to accept a trillion dollars in cuts to medicare and other government programs. it could force the president to get more involved in the talks. >> where in the world has president obama been for the last month?! where is he?! what does he propose?! what is he willing to do to reduce the debt and to avoid this crisis, that's building on his watch? >> i think it's now with what kyl and cantor have done, it's in the hands. speaker and the president and sadly probably me. >> there has been a lot of talk in recent days that the president and house speaker john boehner would take more of a role in the negotiations. >>> still ahead tonight, dennis talks live with the newest member of the golden state warriors. ,, ,,,,,, i had more cars. i want to sell more tea cups. ♪ i need help selling bread. ♪ i want to sell more crabs. [ male announcer ] you know where you want to take your business. i want to design more buildings. [ male announcer ] in here, small business solutions from at&t can get y

president biden and lawmakers broke down after house majority leader eric cantor and republiican senator jon kylled out over the question of raising taxes. house speaker john boehner later told reporters he agreed that hiking taxes on anyone was a non-starter. >> listen, we've got to stop spending money that we don't have. and since the beginning, the majority leader and myself along with senator mcconnell and senator kyl have been clear, tax hikes are off the table. >> woodruff: democrats shot back that the republican move toward an impasse was irresponsible and could jeopardize the need to raise the national debt ceiling by august 2nd. here's senate majority leader harry reid this afternoon. >> i think that, you know, we have to act like adults here. we have to do something as senator durbin said by august 2nd. and we're going to do something by august 2nd. but the republicans should stop playing chicken and pushing us too close to that line. it's not doing any good for our country or the world. >> woodruff: both republicans and democrats now say they expect president obama himself to get more

last thursday i introduced with senator jon kyl as an original cosponsor, senate bill 1213, the defend and save social security act, a bill that will secure social security for the next 75 years without raising taxes and without cutting core benefits to anyone. 28 years ago this passed april, congress and president reagan came together in a bipartisan manner and acted decisively to address social security's finances to save the program for retirees. the men and women of that congress, working with president reagan, did it because at that time the program's expenditures had begun exceeding revenues in 1975. by mid-1982, the social security trustees warned -- this is a quote -- "social security will be unable to make benefit payments on time beginning in the latter half of 1982." so the president and the congress, in a bipartisan effort, started on a glide path of raising the retirement age to meet the current actuarial tables. today we are in roughly the same place. this spring the trustees estimated that the social security trust fund reserves will be depleted in 2036, which is 25 year

house majority leader eric cantor and senator jon kyl pulled out of the talks. >> i think those talksng to take the tax hikes off the table. >> yes, we do want to remove tax subsidies for big oil. we want to remove tax breaks for corporations that send jobs overseas. that list goes on. i don't know that that's a reason to walk away from the table. >> reporter: the group had zeroed in on about $1 trillion in cuts. but republicans insisted that at least $2.5 trillion in cuts would be needed to get them on board. and that's where they hit the logjam. republicans dug in their heels on tax increases. and democrats ruled out any type of medicare or social security. as lawmakers continue to grapple with the deficit, the obama administration said it would release 30 million barrels of oil from the country's emergency stockpile. the decision was prompted by supply disruptions in libya and worries about a surge in gas prices. >> spr stands for strategic petroleum reserve. but it also stands for sudden price reduction. whenever it is used. >> reporter: republicans cried foul. house speaker john

democrats brought up tax hikes, and jon kyl said he wouldn't go there.for the wealthy? not a chance. ending the bush tax cuts? don't go there. cantor and kyl cannot agree to tax hikes because they signed a taxpayer protection pledge offered by the advocacy group, americans for tax reform. here's the pledge. take a look. they signed this pledge in front of two witnesses. according to the tax group's founder, it's the same no-tax hike pledge george h. bush signed back in the day. gave him courage to say this. >> read my lips. no new taxes. >> oh, but president bush had to break that promise and voters made him pay. he lost a second term. and there in lies the problem. when you sign a pledge, it is difficult to compromise because if you change your mind for whatever reason there is written proof that you lied. so the "talk back" question today. what impact does the anti--tax pledge have to debt talks? we'll read your comments later this hour. >> talk of taxes always get people fired up. expect a bucket load full of rereplies? >> i am expecting it, and i am

arizona senator, jon kyl, fears a summer home he owns there may have been one of them. 8,000 people are still evacuated from the towns of springerville and eagar. displaced pets and livestock are streaming into shelters. but for the first time, the incident commander says part of the blaze is contained. >> saturday, we can possibly look at getting the evacuees of eagar or springerville and south port, back in their homes. that's our hope. if the conditions are right over the next day and a half. >> reporter: for some anxious evacuees, there is good news. >> our houses are okay? >> i talked to jim this morning. >> awesome. awesome. thank you. >> yeah. >> that's good news. >> reporter: good news for some. but the people of luna, new mexico, are now under pre-evacuation orders. and, josh, they may be forced to leave if that fire gets dangerously close. >> we're watching the winds. clayton sandell with the latest. >>> alabama has become the latest state to pass an immigration law that some find tough, and others, draconian. police will be required to check the immigration status of anyone t

with the clock ticking down eric cantor and senator jon kyl walked away from the talks saying they reached an impasse with democrats and wants president obama to get involved. they are getting their wish. this coming monday the president and vice president will meet are harry reid and mitch mcconnell. let's go to candy crowley. first, explain this to me. you have kyl and cantor bailing on these talks. was this just a throwing up of hands for show because these men ultimately know a deal will get done, or is this truly in jeopardy? >> this is ratcheting up the pressure. everything on capitol hill is always in jeopardy until they fix it. here is the truth of it. congress expands to the amount of time it has. they have been told august 2nd is when we're going to have to start defaulting. now, there are a number of republicans who actually don't believe the u.s. will default on its debt, that it will find ways to pay for it. nonetheless, take august 2nd. it's an eternity between now and august 2nd. they have to write a bill and it will take time. no nonetheless. you're now at the point of poli

. >> jon kyl, also republicans from arizona released a joint statement supporting mccain, but immigrantsrights groups have jumped all over mccain accusing him of using illegal imgrants as scapegoats. here is the question. why are there more u.s. troops on south korea's border than on our own border? go to cnn.com/caffertyfile and post a comment on my blog. wolf? >> very tense board. i've been there, jack. i'm anxious to hear what our viewers think. >> south korea also has, what? the third largest standing army in the world and a vibe rants economy. >> facing almost a million south korean troops and 20 or 25,000 u.s. troops in between. something like that. >> and we've had those people there for 50 years. >> correct. >> the south korean economy is probably more vibe rants than ours is and better able to afford their own defense than we are keeping these standing armies scattered around the globe. the sheriff's got a point, you know? he's getting killed by the illegal immigration problem and we've got almost 30,000 soldiers guarding the korean border. >> jack, thank you. >>> cnn is using g

biden rebuffed by eric cantor, jon kyl over the debt ceiling talks.nday the president has to roll up his sleeves. according to the treasury department, he had a month before the u.s. credit worthiness collapses. >> there's no doubt the president wants a deal. the question is the republicans. i have to say, it looks really bad that eric cantor stormed out of the bipartisan deficit talks. i don't think it helps mr. cantor or his party and doesn't help our country. we have a serious problem. it looked like serious people were making a serious effort to solve it. then eric cantor has a hissy fit and points and screams and cries for his -- >> he argued, eric cantor, the democrats kept saying, the president kept saying, you have to increase taxes as well. the republicans are saying under no circumstances in this economy will they increase taxes. >> four weeks they've been at this wall. they've been at this wall. the president has to step in. it's the president's turn. he's the president. come in, have a conversation, you're right, he's going to roll up his

house majority leader eric cantor and senator jon kyl called it quits, leaving no republicans left at group had reached a stalemate over taxes. >> it's time for washington to take the hit, not the taxpayers. >> reporter: democrats have drawn their own line in the sand. no cuts to medicare or social security benefits. >> neither party should confront this crisis alone. and no one will be successful unless we confront it together. >> reporter: the white house expressed confidence a deal could be reached. >> if everyone is willing to abandon the my way or the highway approach, to accept that compromise on behalf of the american people requires tough choices, we can get significant deficit reduction done this year. >> reporter: it's unclear how they're going to get there. the white house couldn't point out any specific signs of progress or even say when the next meeting will take place. but it insisted the conversation will continue. peggy and daniel? >>> and oil prices are inching higher in early overseas trading but still well below $100 a barrel. that has helped to drive the average pr

the other republican, senator jon kyl, had also pulled out.m and he said he was going to the capitol to see what's going on, hasn't pulled out of the talks. there's a little bit of confusion, maybe mayhem, about what's happening. but the big picture, bottom line, republicans are rallying around the idea that they believe the talks led by vice president joe biden and have had top democrats as well as two republicans in the room for a very long time, that maybe they have reached a certain point, and that they want the president himself to get involved, and that is now the message that republicans are trying to send, that they want the president to get more involved in these. >> yeah. going to ask you. really what is the next step in the clock is still ticking towards the u.s. defaulting at the beginning of august, right? >> reporter: exactly. we're trying to figure that out. we're trying to figure out if the vice president would even come here. got word that he will not come. trying to see if that will happen. the next step really is a question

and our affiliate, knxv reports arizona senator jon kyl and his wife are among them. the latest on the monumental task of fighting this fire. with the management team in the town of springer vial, first off, is your command notice danger there? isn't the fire very close now to springerville? >> yes. actually command post is with the evacuation and the pre-evacuation zone and also have folks that are reorganizing in the evacuation zone. we're basically residents, packed up and ready to move if we need to. >> is this fire still zero percent contained, as they said? >> that's correct. >> so how are the winds going today? i mean, are the winds still your biggest enemy in trying to get this under control, and if so, what's being done to fight this? >> well, we've been able to handful really well, because yesterday's winds weren't as bad as there is been, but today looks like we may have gusts up to 35 miles an hour. you have that with low dose of humidity, it makes it easier for it to move around. we're expecting we'll have more movement this afternoon. until that happens

senator jon kyl, who stepped away from the talks last week, are we saying that the biden phase of theetting closer to a deal and do we know -- i'm just throwing the questions out, you're probably going to say we don't know yet, but do we know what measures they at least agree on now with regard to the federal deficit? >> you know there is one ray of light. and that would be that both sides now say that cuts in the military budget are a possibility. and that is a pretty big step because up until now the republicans were vehemently opposed to that. so you do have at least, you know, both sides now saying that is on the table. so i guess you could call that progress. by the way, vice president biden is going to be in -- on these talks today. and we have to see how this turns out. but this is just the beginning of the president's side now, trying to do this. >> right. we'll be waiting for that. mitch mcconnell supposed to be there in half an hour. jill dougherty, thank you so much there at the white house. finally here let's go to alison kosik at the new york stock exchange. alison, one o

know, late last week congressman can terks the republican majority leader in the house, and senator jon kyl, the republican minority whip in the house, walked out of budget negotiations being led by vice president biden. ant the reason they walked out was pretty clear. they were not willing to close one single loophole in the tax code that allows the wealth ch and large corntions t corporatid paying taxes by stashing their money in the cayman island. mr. president, my sincere hope is that president obama will use this republican walkout -- their unwillingness to talk about the wealthy and large corporations contributing anything toward deficit reduction -- that he will use this as an opportunity to rally the american people and make it clear that he will never support republican demands to move toward a balanced budget solely on the backs of working families, the elderly, the children, the sick, and the poor. but i don't think that the president will do this, unless the american people send him a message that enough is enough. the american people do not support the republican agenda. the am

but jon kyl and some of the members that are part of that are good people.e out of it. >> the bond market, when you look at the markets, the markets are telling us that they think that the debt ceiling is going to be raised. the question is the process of how do you get to that. what kind of cuts do you need to see in do you think we'll be able to raise that debt ceiling and it will buy us time through the end of next year? >> the bond market would be awfully disappointed if the debt limit were raised and we did not reduce spending and get a change that trajectory of debt that we're on, which is clearly unsustainable. last week's economic numbers were really troubling, with unemployment up, manufacturing down, the fed reported just yesterday that a number of their regions had negative growth compared to the last couple of months. >> you're saying -- >> is our situation. >> your friends across the aisle will use those same statistics saying this is why we can't be cutting too deeply and indiscriminately, you cut now and you hurt the economy in the near term a

if they do not get there this week, jon kyl, the leading senate republican negotiator, says that theyay have to rehearse s -- we-assess -- rea ccess and go to plan b, which could be a short-term package for the debt ceiling that would get us into the fall and have more time for negotiations. host: even though some republicans were raising the idea that missing that debt ceiling, the threat of the fault being greater than it saturday, it sounds like it would be raised even temporarily while solutions are sought on a budget compromise. guest: republicans had thought that hitting the debt ceiling would not be catastrophic. none of the republican leaders have said that. all of the republican leaders of knowledge that you must raise the debt ceiling. their problem is that none of their rank-and-file members want to vote for. that has been a problem all along. just because the leaders think you have to do it, if you look at the poll numbers, 80% of americans do not support raising the debt ceiling for you have to offer something else. they have been trying to cobble together some package of

today the republican leaders, eric cantor in the house, jon kyl here in the senate, withdrew from the bipartisan budget talks that have been led by vice president biden. and senator mitch mcconnell, the republican leader here in the senate, was quoted as saying -- i beg your pardon. senator kyl said, the white house and democrats are insisting on job-killing tax hikes and new spending. president obama needs to decide between his goal of higher taxes or a bipartisan plan to address our deficit. he can't have both. but we need to hear from him. end of quote. we need to hear from the president. well, i agree with senators kyl and senator mcconnell that we need, the american people need, the senate needs to hear from president obama on this enormously important issue. but i believe that we need to hear from the president in a very different way than what senator kyl and senator mcconnell and congressman cantor want to hear. here is where we are in america today, and this is what the debate is about. virtually every american understands that to a very significant degree, the middle class i

senate republican leader jon kyl said july 1st was the biden group's goal for deal on the debt ceiling. i wonder if the white house is also envisioning that timeline, end of next week, and if the president is intending to get involved directly in these meetings? >> we certainly endorse we need to make progress, as we have, and expect to continue to make progress. i don't have a deadline for you. i know the vice president has spoken to this, and i would refer you to some of his comments. i'm sorry, was there a second question? >> obama's involvement? the president's involvement? >> the president is regularly involved, and he with, i'm sure, as the process moves toward, engage even more directly with leaders. but i can tell you that he is frequently updated on the progress of the negotiations by the vice president, by the vice president's chief of staff, bruce reed, by other members of his economic team. and he will continue to be having those -- getting those updates, and he will engage directly at the appropriate time. yes, dan. >> i want to go back to pakistan again, and the fact that