naftali bendavid thank you so much. from the wall street naftali bendavid.wait, you have something right? of course. ugh. ♪ [ male announcer ] icy cool intensity so you're prepared no matter how close you get. where were we? dentyne ice. practice safe breath. [cheers and applause] >> stephen: welcome back, everybody. my guest tonight is a world famous historian who has written a new book about americans in paris. if it's anything like my experience there it's about having your -- if it's anything like my experience there, it's about having your siouxie and the banshees cassettes stolen from your backpack out of the youth hostel. please welcome david mccullough. [cheers and applause] good to see you. please. good to have you. what an honor to meet you, sir. >> a wonderful chance to be with you, thank you. >> stephen: i have to say, obviously i admire your writing and collarship but the look. you have really got that wise old man thing down! >> the old man! >> stephen: i gotta get that look. unfortunately i am cursed with eternal youth and raven hair. [laughte

naftali bendavid thank you so much. from the wall street naftali bendavid. [ female announcer ] this is the story of sam, who made an unexpected arrival. [ woman ] he was 4 months early, weighing 1 pound, 12 ounces. [ female announcer ] fortunately, sam was born at sutter health's alta bates summit medical center. [ woman ] the staff was remarkable. they made me feel safe, trusting, cared for. [ giggles ] they saved his life. i owe all of them my son. [ female announcer ] alta bates summit medical center and sutter health -- our story is you. [cheers and applause] >> stephen: welcome back, everybody. my guest tonight is a world famous historian who has written a new book about americans in paris. if it's anything like my experience there it's about having your -- if it's anything like my experience there, it's about having your siouxie and the banshees cassettes stolen from your backpack out of the youth hostel. please welcome david mccullough. [cheers and applause] good to see you. please. good to have you. what an hon

for more, we turn to naftali bendavid, congressional correspondent for the "wall street journal." and andy kohut, president of the pew research center. it's good to you have both with us. naftali, let's start with you. they are talking about a big deal, so what could that entable? >> it probably entails a lot of political peril for both sides because it would entail adjustments to things like social security and medicare which democrats are pretty much dead set against and it would have to include some kind of tax increases to reach the kind of $4 trillion figure they're talking about. it would also involve a tremendous number of cuts to spending across the board including the military. so i think what they are talking about essentially is holding hands an jumping off a cliff, something that would involve some pain for both sides. >> so when, but republicans clearly are still not there when it comes to tax increases. we heard senator mike lee saying well it's one thing to talk about revenue raises but we're to the going to talk about tax increases. how do you read what republicans