jonathan martin, spinning, lying, something in between. how intensively are you being lobbied and cajoled by both sides? part of this is the blame game, it's the other guys who won't negotiate in good faith. >> that's what frustrates the american people so much. up until now so much of it has been posturing, framing the issue as to who can get a deal and who can't. >> how do you as a reporter cut through the posturing? >> you have to look at what is happening behind the scenes, not what they're saying at press conferences. the press conferences oftentimes are a bit of theater more they are anything actually indicative of what's happening. what's really going on is cut behind the scenes as we found out last night when lo and behold we hear mcconnell is talking about obama and biden. that's where the actual deal is being cut. >> before my question to you, michael shear, what kind of hours have you been working? >> i think it's been crazy for all of us. i mentioned to you before the show, i had my overnight bag packed when i walked into the c

jonathan martin, chris cillizza, and pete seat. all right. pete, i'm going to ask you first.don't know if you'll get a word in otherwise. >> i appreciate that. >> "the new york times" today writes a prebituary on the candidacy of tim pawlenty essentially saying it's straw poll or bust for him. you're in a campaign situation and that story hits. it's in the "new york times." yes, republicans will all publicly say oh, "the new york times" always hates republicans. but come on, that's tough on fund-raising. >> you remember ricky bobby's dad in "talladega nights" said if you're not first you're last. and they've been fighting that storyline, that narrative for months. >> pawlenty. >> yeah. it got away from him. and it became engrained within the political conversation that he had to win ames and the iowa caucus or he was out. and so now they're fighting against that narrative and trying to lower expectations. >> chris, but one of his excuses today, and i was stunned, tim pawlenty says he hasn't been campaigning in iowa. >> it's first time i've been earnestly campaigning. >> what

good to see you, jonathan martin. >> thank you. >>> budget poker.ocrats be playing? senator chuck schumer and congressman chris van hollen are joining us. >>> plus the casey anthony countdown. days to go until she's free from jail. >>> and send me your thoughts. [ male announcer ] this is larry... whose long day starts with arthritis pain... and a choice. take tylenol arthritis and maybe up to six in a day... or choose aleve and two pills for a day free of pain. happy chopping. or choose aleve and two pills for a day free of pain. this is my band from the 80's, looker. hair and mascara, a lethal combo. i'm jon haber of alto music. my business is all about getting music into people's hands. and the plum card from american express open helps me do that. you name it, i can buy it. and the savings that we get from the early pay discount has given us money to reinvest back into our business and help quadruple our floor space. how can the plum card's trade terms get your business booming? booming is putting more music in more people's hands. new newtons f

snoo that was the first time, jonathan martin, that tim paulent where i went after bachmann.yesterday it back a back and forth via press releases. michelle bachmann said executive experience is not an asset if it simply means bigger and more intrucive government. when i was fighting against the unconstitutional individual mandate on health care, governor pawlenty was praising it. i have fought against irresponsible spending while governor pawlenty was leading a million dollar budget mess in minnesota. i fought cap and trade. governor pallenty backed cap and trade when he was governor of minnesota. why fight back now? >> everything that is happening 234 iowa can be the still down to the contract from her experience two weeks ago of he first launched the attack. two weeks ago she said nothing at all. yesterday she dropped her whole file on his head. >> just dropped it. >> her organization is not where his is. he has been out there a lot longer. she's playing catch-up. i think going into ames, he is showing some progress, and i think she's trying to insure that she can still pul

. >>> okay, jonathan martin, top reporter in this city, and alex wagner, both of you, let me start with alex, because she's here. this twitter-natn thing and the president at least receives tweets, you know, a couple years ago this would be considered bizarre, but tell me why he has to do it. when his staff went to him and said you should do this, what do you think they said? >> this is a huge push towards the youth vote. this is something that the president has long held close to his heart. he did "the daily show with jon stewart" bakley he has mark zuckerberg on call. twitter is another reiteration, and obama knows that the youth live there. for 2012, the youth were a critical vote in the last election. >> the 2008 election. they were not so helpful last time. jonathan, look at this, 2008, 18% of voters were between 18 and 29. that hefty portion helped get this guy elected. they voted for president obama 66-32%. gaby giffords was on that twitter, and e-mail. that's how they communicate now, and now how they get news but get information from friends and relatives and everything else. h

jonathan martin in politico this morning writes this is incredibly frustrating to pawlenty and the teamecause they have been planning a race for a couple of years now. he is somebody that's kind of come up through the ladder of politics in a very slow, steady, steadfast way, and they see her as kind of following this lightning bolt strategy, really springing on the national scene just within the last couple years and at least for the moment, galloping far ahead of him in a ver john. >>> is nancy pelosi john boehner's new best friend? ranking budget committee joining us. >>> the heat wave, broiling half the country. is there any relief in sight? >> extreme, intense, literally hell on earth. >> it's a lot better than a blizzard but still not good. >> very, very, very hot. >> when you start to get a little dizzy and cross-eyed, you have to slow down. [ male announcer ] at e-trade, investing means taking action with professional-grade research. and some of the most powerful, yet easy to use trading tools on the planet. it's investing with intelligence and cold hard conviction. e-trade. inve

cory, martin, jonathan wu, good people. of course some will say that my new cash crawl just proves that this much money in politics is a problem. but is it really? and if so, how much money will it take to make the problem go away. to find out i spoke to people on both sides of this issue. sheila krumholz the executive director of the center for responsive politics a group that advocates transparentsy in campaign finance, fine with me, i'm using my money to develop an invisibility cloak. and on the other side, sean parnell from the center of competitive politics. they support unlimited and untrackable money in politics and i don't have to tell you what that means to me. seriously, thanks to their work i don't have to tell you anything. i recently sat down with both of these advocates at different times and in different places. jim? >> first up sean parnell of the center for competitive politics. mr. parnell, thanks for sitting down with me today. >> glad to be here. thanks for having me on. >> stephen: should there be any l

jonathan martin remembers the history. last time around mike huckabee asked perry to back him. he became the chairman of rudy giuliani's campaign. >> do you think rick perry is going to jump into the race? >> all the signs are he is. the top fund-raisers are saying he's getting serious and would do well. it could be a romney, bachmann, perry race before we are done. >> i find that fascinating. do you? >> i think that's the top three i have to talk about. i think it's a fascinating race. >> howard? chris christie? >> i don't think he gets in. it's hard after two years of governing. >> they are begging though. >> begging chris christie to run? >> yeah. most of the people in the world in business finance who are concerned. they think he's a real winner. >> i have heard that. mike allen, thank you. coming up, big news overseas. british numbers papers saying james murdock misrepresented parliament. >> also, news in the united states. a settlement from years back. a hacking settlement. almost $30 million. is it coming here? looks like it. >> ( rooster crows ) >> by 2020, 50 billion n

. >> jonathan capehart, and brilliantly defines the economics from the politics. thank you very much. >> thank you, martin blame game not playing well on wall street. the head of the banks are urging the president and congress to get the deal done. a sobering warning is released from standard & poor's saying that the reverberations of the showdown may be deep and wide particularly if washington does not come to a timely agreement on the debt ceiling. and bill sullivan is live for us at cnbc headquarters for us. hello, bill. >> well, let's talk about this if we can, because you heard of the conversation with jonathan about the politics behind this, but think of the economics behind this. this is trillions of dollars in securities held here and around the world attached to the aaa credit rating or the stock market. the fundamental issue is this, nobody knows what would happen if we have a debt downgrade to a aa. maybe nothing would happen. maybe it would be sort of stock market or economic disaster. anybody who comes on your program, martin, and says they know, send them over our way, because we'd like to m