on the other side liberal democrats who as in the house likewise have been liberal democrats who say this bill has too much in the way of spending cuts and there needs to be, the liberal democrats say that there needs to be a tax increase, revenue component. tax re needs to be increases or a revenue component. i think one person in iowa has made clear voice of his opposition. some democrats have been unhappy and will vote against it. host: the senate will go forward quickly to vote on this. how does it work out? given what has happened over the last few weeks, negotiations between the senator harry reid, the president, mitch mcconnell -- what does all of that say about their relationship: forward and negotiations going forward? forward? guest: you make an interesting point that this will happen quickly today. nothing has happened quickly at any point in this whole debate. it is rare that anything happens quickly in the senate. it is happening quickly, because it is august 2. we want to avoid any possibility or any sense that there could be a failure of government or congress to take

and it is liberals and democrats who have been saying all along that this take by the republicans was dangerous. that's why it's frankly weird to be a liberal pundit reading the s&p press release about republicans behaving dangerously in washington, the reason s&p downgraded the u.s. credit score was essentially the list of liberal and democratic talking points against the republican congress taking the debt ceiling hostage. this sounds like it's straight off an msnbc teleprompter. "the political brinksmanship of recent months highlights what we see as america's governance and policy making becoming less stable and effective. the statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. that is what s&p said. that's their press release. what they said was the reason for the downgrade. the chairman of s&p's sovereign ratings committee told "the wall street journal" it involved a level of leadership greater than what we had expected. this is not both sides. i'm sorry to tell the beltway. i know it's upsetting. this was not

liberals and democrats have been saying what republicans have been doing is dangerous for months now. knowing republicans would not listen to any liberal or democrat saying that, liberal democrats even drafted the ghost of ronald reagan to try to make the argument for them, please, listen to reagan even if you won't listen to us. still, the response from congressional republicans was essentially no, we want to burn it down, and they very nearly did, and now the people that sell fire insurance are making us pay more for our fire insurance policy because it turns out there's an arsonist in our family. the market dropped today not because the u.s. isn't going to pay back the people buying treasury bills, in that case, people would not have bought so many. the market tanked today, that cnbc heat map looked the way it did today, we had the sixth worst day ever because the global economy is in bad shape, europe particularly, and the u.s. economy is in bad shape, and it doesn't look like the u.s. is going to get better fast enough to help ourselves, let alone offer hope to the rest of the wo

might this in some way you know the nick clegg is sort of the assistant prime minister the the liberal democrat david cameron the prime minister he got them more votes but he needed the coalition might do slightly shift the power balance in the direction of clegg if clegg plays it smart. and so it always depends on a politician you don't always think victoria jones thank you i mean you know it's great to have this thank you. ok first greece now the u.k. what we're seeing unfold in europe today is the heart harsh backlash of poor and working people against governments the build up banks toure's taxes for millionaires that are now cutting services for average working people in the poor and like hosni mubarak these banks their governments are now losing their consent. is washington paying attention. it's time for our daily poll your chance to tell us what you think here's the question arab spring european summer our banks their governments and austerity measures creating a global financial firestorm your choices are aid like greece in the u.k. america will soon see a revolt in the streets or be. t

i am a good liberal democrat. in the san francisco, miniature spectrum, i am considered pretty middle of the road. one thing about me is i am very independent when it comes to the issues, and i do not vote on party lines. i judge each issue on its merit. we have provided woefully inadequate support for our transition-age youth, and when we do not provide that support, we end up causing other problems. it is not like it disappears. these are our youth, who are here in our community, and we need to make sure we are providing services for them. yesterday, we had a hearing on the dcyf budget, and i was very disappointed with one aspect of the budget, particularly the alt and backs were being eliminated -- that all add-backs were being eliminated on a number of different subjects. i do not agree with that. i am in discussions with dcyf, and i am is hopeful we will be able to work something out. my predecessor was always committed to making sure funding occurred, and i will continue to do that, so you have an ally in me

i am a good liberal democrat. in the san francisco spectrum, and probably considered more middle of the road. -- i am probably considered more middle-of-the-road. i am very independently comes to the issues. i do not vote the party line. a judge each issue on its merits. that is how i am. >> what do you feel are some of the biggest issues facing san francisco now? >> the budget is the most imminent issue. we do have a structural budget deficit in the city. we need to deal with the short- term balancing of the budget in a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the deferred maintenance on our infrastructure. we have a lot of infrastructure that has been d

but he was also the head of the democratic party, and he explained that he had the responsibility of leaving his party in a lib -- of leading his party in a liberal direction and carrying out the 1936 party platform. so he felt that it was his right and duty as party leader to speak out in the upcoming democratic primaries and support liberal candidates who stood by him and the new deal. he tried to make it clear that he would not oppose candidates who disagreed with him on just one or two issues, like court packing or recent controversial bill to reorganize the executive branch. he would, however, work to prevent the election of the people he called outspoken reactionaries and hypocrites, the kind of politicians who appear to agree with a progressive objective but who always find some reason to oppose specific proposals. well, the following day, right on cue, editorial writers around the nation slammed the president's talk and dubbed his plan a purge. and purge was one provocative, inflammatory word in 1938. it obviously reminded reader of recent grim events in the soviet union. stalin's murderous purges of senior colleagues in the communist par

president obama is now actually focusing his attention those folks and as a result not only do a liberal democrats of all stripes here trip ignored but in particular the rest of the caucus precisely because the supporters of the president regardless so you think that it's more of an excuse for him perhaps they are in action because they're the ones that are the stalwart supporters of the president or are they actually scared of their constituents the way the maxine waters are saying here i'm not sure i don't think they're scared their constituents all the majority of members of the congressional black caucus come from districts where you know democrats are sixty percent of white tree and they're going to be reelected regardless of what happens i think it's a genuine feeling of powerlessness and also probably a little bit of things because i think it sounds like a little bit of an excuse but it really is incredible to me right i mean i just named off some of the speakers here and that's you three right says the national poll. it is nine point two percent really it's above sixteen percent but one of

lin earl democrats think too much has been dollared with no new -- liberal democratics think too much has been passed. >> reporter: others in the gop believes defense is taking too big of a hit. >> there's no question we can cut some things from defense but we need to protect our country. >> reporter: still, leaders are striking a generally optimistic tone. it raises the debt ceiling, cuts $trillion over the next -- $1 trillion over the next decade. here are the numbers -- in the senate, they need 60 to pass the agreement. in the house, 216. on capitol hill, jennifer davis, fox news. >>> now we want to take you live to the new york stock exchanges. the dow had droppedcily early. initially -- dropped early initially. you can see stocks jumped but the gains quickly diminished after key manufacturing indexes tumbled. the latest numbers, the dow is down 30, nasdaq is down 19. s&p a down 7. >>> we're learning more about a mother of now gunned down this morning -- four gunned down this morning. allie rasmus has more. >> reporter: right now richmond police have no motive for the searching an

conservatives wanted more cuts and liberal democrats wanted a bill that included revenue increasing and taxes on the richest americans and, ultimately the majority voted for the bill and say it had to be done. >> we got it done. and brought our economy back from the brink of disaster. in the end the two sides came together, that is how our system works, and neither side got what they wanted. each side that meants some of the things we had to get up but that is the way it is. it is that way because that is how our system works. >> this is not the best poll deal but it's the best bill possible. it is the best we can do right now. >>shepard: some experts are wanting it could be too late to avoid a credit downgrade. and now more reaction from the white house in wendell and the president's plans. gerri from the fox business network on economic implications of the deal. but, first, mike emanuel on capitol hill. it may not be perfect but a lot of lawmakers seem relieved today. >> that is absolutely true. bottom line is they were getting close to default and they are saying a lot of americans w

there are concerns that the liberal democrats may not support the plan as it's missing revenue increases and conservative republicans may reject the plan as there is no balanced budget amendment. so, a little bit of you know this from your trading days, maybe sell the news tomorrow. also, three more u.s. banks failed including the first this year in virginia and indiana. the fdic reported integra, virginia business bank and bank of meridian failed. integra is the third largest to fail this year. according to the fdic, 61 banks have failed this year. they are tiny, they are blue, and we're not talking about a little box from tiffany's. they are ruling the box office. "the smurfs" beat out the expected winner "cowboys & aliens." it goes to show you that good things come in little packages. i know they don't have to have a white bow but i would prefer that. >> very good. thank you much. let's turn to rob. ian my 10-year-old and i saw captain america. he didn't like it. and you know that it's not a very good movie when a 10-year-old boy is like not so much. >> you lose your target audience,

the dpg held talks with the liberal democratic party and the new komeito party. the dbg accepted proposals from the two opposition parties. and introducing measures to curtail the burden on large scale users. the chiefs of the three parties agreed to revise the bill and have it enacted as quickly as possible. the pass of the bill is one sited by naoto kan for his resignation. >>> thursday marked exactly five months since the march 11th earthquake and tsunami. memorial ceremonies were held across the quake-hit region to commemorate the victims. at a retirement home in higashi city, 50 residents and 11 staffers were killed. despite the fact the facility is scheduled to be demolished, surviving staffers continue to remove mud and debris. [ bell rings [ ] >> at 2:46 p.m., the staff stopped working and held a moment of silence at an alter. >> translator: i think five months have passed so quickly. the disasters were a nightmare. the situation is so sad. and this quiet punctuates it. >> in miyako city, about 2,400 lanterns were lit to pray for the victims. in the distr

executives of me main opposition liberal democratic party and naoto agreed on tuesday to vote for a bill to issue deficit-covering bonds. this came after the governing democratic party agreed to review a waiver program and subsidies for farmers. the opposition parties are also likely to vote for another bill aimed at promoting renewable energy. kan also made progress with his pet projects. the government will revise its energy policy to reduce dependence on nuclear power. it's also working to desperate the nuclear agency from the economy agency. kan is said to be preparing to announce his resignation soon after the two bills are approved. >> the democratic party is considering holding a leadership election around august 28th and a vote to choose his successor on august 31st. likely nominations include noda, mabuchi, and ozawa. >>> "newsline" is the place to turn to for the latest on japan post-march 11th. we have two segments offering two unique perspectives on the fallout from the earthquake and tsunami. "nuclear watch" brings you insight and information on the impact of the fukushima d

the dpg held talks with the liberal democratic party and the new komeito party. the dbg accepted proposals from the two opposition parties. and introducing measures to curtail the burden on large scale users. the chiefs of the three parties agreed to revise the bill and have it enacted as quickly as possible. the pass of the bill is one sited by naoto kan for his resignation. >>> thursday marked exactly five months since the march 11th earthquake and tsunami. memorial ceremonies were held across the quake-hit region to commemorate the victims. at a retirement home in higashi city, 50 residents and 11 staffers were killed. despite the fact the facility is scheduled to be demolished, surviving staffers continue to remove mud and debris. [ bell rings [ ] >> at 2:46 p.m., the staff stopped working and held a moment of silence at an alter. >> translator: i think five months have passed so quickly. the disasters were a nightmare. the situation is so sad. and this quiet punctuates it. >> in miyako city, about 2,400 lanterns were lit to pray for the victims. in the distr

executives of me main opposition liberal democratic party and naoto agreed on tuesday to vote for a bill to issue deficit-covering bonds. this came after the governing democratic party agreed to review a waiver program and subsidies for farmers. the opposition parties are also likely to vote for another bill aimed at promoting renewable energy. kan also made progress with his pet projects. the government will revise its energy policy to reduce dependence on nuclear power. it's also working to desperate the nuclear agency from the economy agency. kan is said to be preparing to announce his resignation soon after the two bills are approved. >> the democratic party is considering holding a leadership election around august 28th and a vote to choose his successor on august 31st. likely nominations include noda, mabuchi, and ozawa. >>> "newsline" is the place to turn to for the latest on japan post-march 11th. we have two segments offering two unique perspectives on the fallout from the earthquake and tsunami. "nuclear watch" brings you insight and information on the impact of the fukushima d

as this played out the former speaker of the house, now the democratic lead he, nancy pelosi, liberals in her caucus do not like this plan. they think it could lead to social security cuts and medicare cuts. she's a partner with the democratic president who wanted this compromise. listen to nancy pelosi as she outlined what she didn't like. >> on the other side of the grid we have problems with no revenue in the bill when we are having severe cuts. and we need to make some cuts, severe cuts and initiatives that impede the education of our children, clean air, clean water, food safety, you name it, from that one red cent from the wealthiest people in our country. we have to weigh this. that's what they're doing right now. >> our democratic contributor paul begala is with us. they're raising not one red cent. that's what has many liberals angry. they're saying the president was not tough enough. the president is not talking at the moment, but he's a happy man tonight after getting this plan through the house 269 to 161. back to the woman who once was speaker, who had to hand the gavel to

liberal democrats and tea party republicans joining in opposition. ic congresswoman who voted no and called eight a sugar coated satan sandwich." before air time, kate baldwin spoke briefly with house speaker boehner. >> how do you feel, sir? >> i feel great. >> what do you think of the vote this evening? >> i thought it was a strong vote but the first step in many steps yet to go. >> what you hope the american people take? what do you think the message is for the american people tonight? >> the process works. it may not be pretty but it works. >> definitely not pretty. president obama said nothing publicly today but reluctantly endorsed the compromise last night. >> is this the deal i would have preferred? no. i believe that we could have made the tough choices required on entitlement reform and tax reform right now. rather than through a special congressional committee process. >> someone on the left put it differently. paul krugman slamming mr. obama under a headline reading "the president surrenders." you can decide what happens. more than $2 tril

we have to be a liberal, democratic country. otherwise, we will be here again. >> just one of thousands of artists from the world supported by the goethe institute. if you are interested in finding out more about the goethe institute, you can check out a special feature on our website. that is www.dw-world.de. that has been our "in depth" for this hour. please stay tuned for more news.

that from liberal democrat maxine waters, not a tea party member or republican strategist.or member, and, former chairwoman of the congressional black caucus. she says all of the talk about green jobs never materialized. byron york, chief political correspondent with the washington examiner wrote about that in his column and joins us now. byron, good to see you. it is not just maxine waters, the chairman of the congressional black caucus representative clever as you point out, is saying pretty much the same thing. we have nothing in common with these jobs initiatives. why has the liberal base of the president lost faith in what is essentially his signature jobs program? >> well, since the president doesn't have enough -- as if he doesn't have enough to worry about there is is a growing sense it is not working. certainly, representative waters and clever were talking about the failure of green jobs to provide many jobs in the african-american community. but the fact is, it is not providing a lot of jobs for anybody, right now. so what we have seen, for example, a new report

measure was approved by the house of representatives yesterday despite opposition from unhappy liberal democrats party republicans. >>> the white house has announced president obama's plans for observing the tenth anniversary of the 9/11 attacks. white house press secretary jay carney said a short while ago that mr. obama will travel to three sites that were attacked, new york city, the pentagon, and shan shan shanksville, pennsylvania. >>> if you're going to throw a pie, be ready to do the time. it took place at a british par la manhattan hearing last month while murdoch was testifying about the phone-stacking scandal. he's known by his stage name johnny marbles will pay a fine and a victim's surcharge. murdoch was not hurt in the incident. >>> challenging alabama's new immigration law less than one month before it's to take effect. various provisions of the law undermine immigration priorities and objectives of the federal government. the law is also the target of a class action lawsuit. >>> the alabama crackdown on illegal immigrants is scheduled to go into effect september 1st. >>> after a l

throw these bums out democrats and liberals. >> and the liberals. democrats and republicans i should say. >> yes, it is a disgust with what they call duopoly. they are not looking for a third way. but they are more independent . hope elfly. >> there could be a third party. >> i have argued it is not two parties it is one government party with a republican wing and democrat. >> coming up. big 20 12 news. fox news learning that texas governor rick perry will run for president . a preview of tonight's gop debate here on fox . don't forget to e-mail us at the five on fox news.com. we'll be right back . are u anxious to protect your family with life insurance... but afraid you can't afford it? well, look how much insurance many people can get through selectquote for less than a dollar a day. selectquote found, rich, 37, a $500,000 policy for under $18 a month. even though dave, 43, takes meds to control his blood pressure, selectquote got him a $500,000 policy for under $28 a month. ellen, 47, got a $250,000 policy for under $20 a month. all it takes is a

some democrats support merit pay and charter schools that sort of anger liberal democrats or close to the teachers' unions. yet republicans right now who do not see much of a federal role in k-12 at all. role in k-12 at all.

. >> in the house, you've got liberal democrats who are furious with the possibility down the road, not right now, but down the road that entitlements will be compromised. that's the last thing they want to see. and as far as the republican side goes, they are mad as can be. why? because they are losing out on that balanced budget amendment. that's been sacrificed in order to get the deal. >> reporter: congressional leaders have until the default deadline midnight tuesday to get enough votes. california senator barbara boxer says she is leaning in favor of the deal. in a statement she says, quote, this agreement would help us to avoid a catastrophic default and keep republicans from holding the full faith and credit of the united states hostage. unquote. the senate is expected to pass a bill without much trouble. but getting it past the house is another story. >> john boehner has his hands full. the question is not how many republicans he'll get. the question is can he get half. because nancy pelosi in the end, speaker from san francisco, is going to wind up saving boehner's backside by

>>shepard: liberal democrats do not seem to like this agreement any more than, well, tea party members. >>reporter: there is something in it for each side to hate. it is not the balanced plan the president wanted with additional revenues in addition to spending cuts. vice president biden spent hours on the hill trying to sell the plan to reluctant democrats in the house and the president sent a video to his base. >> this has been a long and messy process. the outcome is far from satisfying but it has also launched an important debate how we approach the big challenges we face. how we rebuild our economy to create greater opportunity. and about whether we tackle challenges by drawing on our boast values as one country. >> some conservatives tea party members say the deal still gives the president a blank check on raising the debt ceiling which they don't want to do under any circumstances. >>shepard: thank you from the north lawn. if lawmakers send the bill to the president by dome's deadline the showdown on capitol hill will cost all of us money. that's because the sterling credit rati

convincing liberal democrats like barbara mikulski who found the deal wrenching. >> he knows with the congress, he knows who we are and how we work. and because he had such a reputation for being fair, i think he brought in a lot of people to the table. >> vice president biden's 36 years in congress and his firm but comfortable negotiating style was on display, say multiple sources as he met separately with democratic caucuses in the house and senate monday for at least 2 1/2 hours. >> he basically started by saying he wasn't any happier with the agreement than a lot of members of the caucus were, but it was the best we could do under the circumstances. >> senator patrick leahy who had the only camera in this meeting snapped the photos. >> i went to explain and lay out exactly how we got to where we were and why this is important for the country. >> how they got to where they were monday came after a flurry of activity between the vice president and senate minority leader mitch mcconnell over the weeked. senator mcconnell made the call that got the ball rolling. >> senator mitch mccon

able to do anything given the different stance that republican condition servatives had that liberal democratsave. they may not be able to do anything. there will be across the board almost cuts in defense spending and nondefense spending which will be painful, but necessary. we will get back to you and i want to move on right now. an important story we are following. united nations said the world is watching. what's happening in syria is the regime brutally suppresses unrest. the images you are about to see are extremely graphic. this day brought dozens of deaths in the syrian city of hama. we are following developments in syria from beirut, lebanon. >> reporter: disturbing video on you tube could be signalling yet another dangerous turn of events in the up rising in syria. they continue to bear the brunt of the military track down in hama. >> luck you. you have gone to join the father over her deadson'sed about. her husband killed according it a voice on the clip. >> they are firing at homes and helps and mosques. part of a crack down that began on sunday. a warning that the regime will not

liberal democrats for the most part and tea party republicans joining in opposition. house majority liter eric canter downplayed this. >> i feel like we accomplished a lot by passing that bill. it is the beginning of a process but we'll change it. it also, i think, sends a signal that we can work together to try to produce results and right now it's about trying to address this economy so people can get back to work. >> the bill raises the debt ceiling through the end of 2012, calling for more than $2 trillion in savings over the next decade. president obama reluctantly endorsed the compromise and said nothing publicly today. senate vote is expected around noon. earlier i talked to kentucky senator, paul reason, who plans to vote no. you plan to vote against this in the senate. you're unwilling to participate in a congressman that can pass through congress and get signed by the president. your critics say your choice not to compromise is not -- is compromise a dirty word? >> we've offered several compromises. i was part of a group that orchestrated a compromise called

might see is the image and self of some different more those of democracy which will not be the liberal democratic model which we know in the west with an emphasis of on elections sensually and creating procedures and structures favoring elections between competing elites favoring individual freedoms what i'm trying to say here is that democracies very contested as a concept there is more than one type of democracy and that in order to sort of guess the outcome of democracy. it is essential to look at the realities affecting them the democrat is in the nation so where democracy is taking roots and look at you know the realities there and how democracy can adapt if you want to and we have competing more those we talk a lot about islamic law islam democracy. so would that mean that we live in well i mean or i mean jeff i mean you're right i mean this again it's very academic but i mean under eight years of bush and then under two years of obama we still see american understanding of democracy and i got to go to bruce here on this one to protect american national interests ok it's a cover it's a cove