van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey. mr. garrett: at this time i yield one minute to the gentleman from texas and that's just the way it is. >> i thank the gentleman for yielding. i rise today in support of the cut, cap and balance act because american families deserve to have a government that lives within its means just like they do. our national debt has grown in excess of $14 trillion, that's more than $46,000 for every man, woman and child in this country. and we continue to borrow roughly 40 cents of every dollar we spend. this is a path to financial ruin, we will leave the next generation with a less prosperous america than the one we inherited. mr. roe: balancing our budget would have a devastating affect on our economy. it's hard to believe. the cut, cap and balance act keeps the promise to cut spending while also granting the president's request for a debt limit increase. by cutting spendi

van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from ohio. mr. jordan: yield two minutes to the gentlan from florida. the speaker pro tempore: the gentleman from florida for two minutes. . >>very second of every day, washington adds another $40,000 to our national debt, $40,0. in fact, by the time i finish speaking this sentence, our national debt will increase another $360,000, $360,000 in one septemberens. we have reached the edge of a cliff and it's going to take tough decisions and responsible leadership to eliminate this massive, massive debt. i rise in support of h.r. 2560, the cut, cap and balance act of 2011. i support it because it's right, not because it's a republican plan, but because it's a commonsense plan. it's the american family plan. every american family cuts their budget, caps their budget, balances their budget with their own finances, so should washington. that is not unfair. to argue against this is to argue against common sens

van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey. mr. garrett: at this time i yield one minute to the gentleman from texas and that's just the way it is. >> i thank the gentleman for yielding. i rise today in support of the cut, cap and balance act because american families deserve to have a government that lives within its means just like they do. our national debt has grown in excess of $14 trillion, that's more than $46,000 for every man, woman and child in this country. and we continue to borrow roughly 40 cents of every dollar we spend. this is a path to financial ruin, we will leave the next generation with a less prosperous america than the one we inherited. mr. roe: balancing our budget would have a devastating affect on our economy. it's hard to believe. the cut, cap and balance act keeps the promise to cut spending while also granting the president's request for a debt limit increase. by cutting spendi

van hollen. mr. van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from wisconsin, mr. ryan. mr. ryan: i'll yield myself two minus at this time, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. ryan: mr. speaker, this legislation before us today is a down payment. does this cut the amount of money we need to save our country from a death debt crisis? no. our budget does that. this is 2/3 of the spending cuts we called for in discretionary spending. is i100% of the cuts we asked for? no. it's 2/3 of the cuts we asked for. what does the president's budget do? it actually spends $130 billion more. i'll take 2/3 of the step in the right direction instead of going in the wrong direction, the president's plan. the congressional budget office, we asked them to take a look at the president's framework. c.b.o. director told me under oath they can't score speeches. this plan reject the president's fiscal demands for tax increases and it rejects its political demands for a blan

van hollen: mr. speaker, i reserve. thepeaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey. mr. garrett: at this time i yield one minute to the gentleman from texas and that's just the y it is. >> i thank the gentleman for yielding. i rise today in support of the cut, cap and balance act because american families deserve to have a government that lives within its means just like they do. our national de has grown in excess of $14 trillion, that's more than $46,000 for every man, woman and child in this country. and we continue to borrow roughly 40 cents of every dollar we spend. this is a path to financial ruin, we will leave the next generation with a less prosperous america than the one we inherited. mr. roe: balancing our budget would have a devastating affect on our economy. it's hard to believe. the cut, cap and balance act keeps the promise to cut spending while also granting the president's request for a debt limit increase. by cutting spending $11

van hollen: mr. goodlatte was asked at the hearing on his proposal for a constitutional amendment which was voted out of the committee to identify one budget that would meet the requirements of their version, this version of the constitutional amendment. and it was pointed out that even the draconian -- mr. goodlatte: will the gentleman yield? mr. van hollen: i will not yield on my time. the gentleman pointed out that not even the republican budget that passed the house that ends the medicare guarantee and is draw copian, not only -- draconian, is not good. like the republican plan on steroids. in fact, a lot of members on the republican side decided that was way overboard. that would require slashes in things like medicare and social security even more than the republican budget that passed the house. so that is the one budget that was identified as meeting the requirements of that constitutional ealt. this is not a simple constitutional amendment. they know that's a popular idea so they're dressing

van hollen. >> yes, mr. chairman. >> and we can report this rule out. and i think we should reconvene after the votes at this juncture, yeah. so the committee is in recess. the rules committee will reconvene. we are here nor further consideration of h.r. 2007. when we recessed to go >> the rules committee will reconvene. i was concerned that we might be going to fisticuffs in the first visit to the rules committee, are attending physician, admiral brian monahan [laughter] if things were to get out of hand -- he is here. >> it's o.k. i can take him two falls out of three. >> that is why he needs to be here. you are absolutely right. that's what i needed a doctor behind me. two out of three. >> that's why he needs to be here because you're absolutely right. i agree with that. you can. and that's why i need the doctor behind me just in case you were to do that. i know that i'm probably playing into the hands of my friends in the minority by saying this. but the doctor did indicate that he heard rumor that there were deep cuts. and we recognize our friend f

chris van hollen is the top democrat on the budget committee.ongressmen, welcome back to "fox news sunday." >> good to be with you. >> chris: this week the house will vote on something called "cut, cap and balance." let's outline what it would do. you would cut the deficit $111 billion next year. you would cap spending under 20% of g.d.p. in a decade. it's now 24%. you would raise the debt ceiling only after congress passes a balanceed budget amendment. congressman jordan, you are a big sponsor of this. president obama says it would cut medicare and social security much more deeply than paul ryan's budget plan. >> it mirrors the budget proposal that house passed earlier this year. we like to do it as a common sense american plan. americans know we're spend toog much, we're headed for a cliff, we're headed for bankruptcy. let's cut spending in year one, cap it as a percentage of our economy going forward. everyone understands our government is getting too big. do something historic. for the first time in american history, pass a balanced budget a

van hollen: just to be very clear. what we did was eliminated the overpayments to some of the medicare advantage plans and, and -- madam speaker -- madam speaker -- the speaker pro tempore: the house is not in order. the gentleman will suspend. the gentleman is recognized. mr. van hollen: thank you, madam speaker. we used much of those savings to close the prescription drug doughnut hole. in your budget you took the hole $500 billion, but you reopened the drug doughnut hole at the same time you are eliminating the medicare guarantee. the speaker pro tempore: the gentleman's time has expired. the gentleman from california. mr. dreier: madam speaker, let me yield myself five seconds to say i thank the gentleman for once again pointing to the fact there is nothing in the boehner proposal that there's anything that cuts social security or medicare. madam speaker, with that i'm happy to yield 15 seconds to new memberrom zealand, michigan, mr. high tsenga -- high sanga. the speaker pro tempore: the gentleman is recognized fo

that's unfortunately what the boehner proposal does. >> chris van hollen. i'm hearing a little bit of daylight. i'm beginning to see people talking in the same ballpark, at least. i'm betting this is going to be an interesting weekend. >> you put your finger on it. if you can create a mechanism so that if you don't get the deficit savings through the normal process, you have these triggers that guarantee that deficit savings in a balanced way through both spending cuts, but also revenue, then you can get there because then you're guaranteed that you get the deficit reduction at the end of the day. that would allow you to make sure you can extend the debt ceiling for whatever period of time you want. >> chris van hollen, thank you very much. thanks for joining us. >>> speaker boehner is expected to hold a news conference just about 20 minutes from now, 1:30 eastern. we will bring that to you live. >>> up next, republican senator john thune. send me your thoughts on twitter. follow the show online. >> as soon as the house completes its vote tonight or this af

van hollen: thank you, madam spker. i think the american people just ard a new definition of compromise. paying your bills is a compromise. the american family can't wake up one morning and say, boy, it's a compromise and pay for what i already incurred. it's a compromise to pay my mortgage. that's a new one for the american people. and it's part of a reckless pattern that we have seen emerging here. furs our republican colleagues walked out of the biden talks. then twice they walked out of the talks of the president of the united states. then when the republican leader in the senate put forward a proposal, they ridiculed it. thursday night in this very house they said no to the proposal by the republican speaker of this house until he amended it. the same speaker who said we need to have an adult moment. here's the concluding paragraph of today's "wall street journal." republicans are not looking like adults to whom we can entrust the government. the american people are looking for that adult moment. if you're not will

van hollen: just to be very clear. what we did was eliminated the overpayments to some of the medicare advantage plans and, and -- madam speaker -- madam speaker -- the speaker pro tempore: the house is not in order. the gentleman will suspend. the gentleman is recognized. mr. van hollen: thank you, madam speaker. we used much of those savings to close the prescription drug doughnut hole. in your budget you took the hole $500 billion, but you reopened the drug doughnut hole at the same time you are eliminating the medicare guarantee. the speaker pro tempore: the gentleman's time has expired. the gentleman from california. mr. dreier: madam speaker, let me yield myself five seconds to say i thank the gentleman for once again pointing to the fact there is nothing in the boehner proposal that there's anything that cuts social security or medicare. madam speaker, with that i'm happy to yield 15 seconds to a new member from zealand, michigan, mr. high tsenga -- high sanga. the speaker pro tempore: the gentleman is recognize

van hollen. mr. van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from wisconsin, mr. ryan. mr. ryan: i'll yield myself two minutes at this time, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. ryan: mr. speaker, this legislation before us today is a down payment. does this cut the amount of money we need to save our country from a death debt crisis? no. our budget does that. this is 2/3 of the spending cuts we called for in discretionary spending. is it 100% of the cuts we asked for? no. it's 2/3 of the cuts we asked for. what does the president's budget do? it actually spends $130 billion more. i'll take 2/3 of the step in the right direction instead of going in the wrong direction, the president's plan. the congressional budget office, we asked them to take a look at the president's framework. c.b.o. director told me under oath they can't score speeches. this plan reject the president's fiscal demands for tax increases and it rejects its political demands for a

van hollen. mr. van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from wisconsin, mr. ryan. mr. ryan: i'll yield myself two minutes at this time, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. ryan: mr. speaker, this legislation before us today is a down payment. does this cut the amount of money we need to save our country from a death debt crisis? no. our budget does that. this is 2/3 of the spending cuts we called for in discretionary spending. is it 100% of the cuts we asked for? no. it's 2/3 of the cuts we asked for. what does the president's budget do? it actually spends $130 billion more. i'll take 2/3 of the step in the right direction instead of going in the wrong direction, the president's plan. the congressional budget office, we asked them to take a look at the president's framework. c.b.o. director told me under oath they can't score speeches. this plan reject the president's fiscal demands for tax increases and it rejects its political demands for a

van hollen. mr. van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from wisconsin, mr. ryan. mr. ryan: i'll yield myself two minutes at this time, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. ryan: mr. speaker, this legislation before us today is a down payment. does this cut the amount of money we need to save our country from a death debt crisis? no. our budget does that. this is 2/3 of the spending cuts we called for in discretionary spending. is it 100% of the cuts we asked for? no. it's 2/3 of the cuts we asked for. what does the president's budget do? it actually spends $130 billion more. i'll take 2/3 of the step in the right direction instead of going in the wrong direction, the president's plan. the congressional budget office, we asked them to take a look at the president's framework. c.b.o. director told me under oath they can't score speeches. this plan reject the president's fiscal demands for tax increases and it rejects its political demands for a

van hollen has to hear. i yield the gentleman 15 seconds, madam speaker. the speaker pro tempore: the gentleman from maryland is recognized. mr. van hollenif you look at the boehner proposal it says we got to cut $1.8 trillion. the speaker of the house has already said that you can't have any revenue as part of that. you can't close one corporate loophole. in fact he said that the majority would override any proposal. so the only other way to get it math mathically is to start slashing medicare. and to start going after social security. the speaker pro tempore: the gentleman's time has expired. mr. dreier: madam speaker, my point has been made very eloquently by the gentleman. i very much appreciate it. the speaker pro tempore: who seeks recognition? mr. dreier: i thank my friend for his contribution. madam speaker, at this point i'm happy to yield one minute to my good friend from drexel hill, pennsylvania, mr. meehan. the speaker pro tempore: the gentleman from pennsylvania is recognized for one minute. mr. meehan: thank you, mr. chairman. as we used to s

thanks for joining us. >> thanks for having me. >> up next, congressman chris van hollen. u pick a price that works for you. perfect. only one thing could make this better. both: '80s montage! ♪ progressive '80s montage ♪ he drops some boxes, but it's okay ♪ ♪ we keep dancing ♪ hey! it's that guy! ♪ progressive "name your price" tool, yeah! ♪ helping you save. now, that's progressive. call or click today. a living, breathing intelligence that's helping drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&t network -- a network of possibilities... committed to delivering the most advanced mobile broadband experience to help move business... forward. ♪ >>> joining me now, the top democrat on the house budget committee, congressman chris van hollen of maryland. the speaker of the house says i don't think i can do this deal and let's go back to the biden talks. you were in the biden talks, and everyone says that's a little over $2 trillion in savings. let's do that. is that a done deal? >>

congressman chris van hollen is a democratic from maryland. he joins me now. he's in on the biden talks when those were the center of the debt ceiling negotiations. congressman, we know at this point how this is going on the end. some sort of raise to the debt ceiling, some sort of cuts, but not the grand bargain. do you feel as if your party is politically in a better position today than a week ago when these talks began? >> chuck, i don't know what the end game is going to be. could take another turn. i'm not sure exactly where all the dynamics between the house and the senate are right now. what i do know is that the president said today that he still held out hope to try to get a grand bargain. speaker boehner said the same thing of course in the next breath, speaker boehner said he wasn't willing to close any of his corporate tax loopholes which have been an obstacle to get the deal done. again, i think there's a growing consensus that something will be pulled together, but i think there's a whole lot of -- there are a lot of hurdles along the way to go.

van hollen: just to be very clear. what we did was eliminated the overpayments to some of the medicare advantage pns and, and -- madam speaker -- madam speaker -- the speaker pro tempore: the house is not in order. the gentleman will suspend. the gentleman is recognized. mr. van hollen: thank you, madam speaker. we used much of those savings to close the prescription drug doughnut hole. inour budget you took the hole $500 billion, but you reopened the drug doughnut hole at the same time you are eliminating the medicare guarantee. the speaker pro tempore: the gentleman's time has expired. the gentleman from california. mr. dreier: madam speaker, let me yield myself five seconds to say i thank the gentleman for once again pointing to the fact there is nothing in the boehner proposal that there's anything that cuts social security or medicare. madam speaker, with th i'm happy to yield 15 seconds to a new member from zealand, michian, mr. high tsenga -- high sanga. the speaker pro tempore: the gentleman is recognized for 1

chris van hollen joins me next. be kind to your eyes with transitions lenses.itions adapt to changing light so you see your whole day comfortably and conveniently while protecting your eyes from the sun. ask your eyecare professional which transitions lenses are right for you. ask your eyecare professional for your transitions certificate of authenticity for your chance to win instant monthly prizes or our $20,000 grand prize! i've tried it. but nothing's helped me beat my back pain. then i tried this. it's salonpas. this is the relief i've been looking for. salonpas has 2 powerful pain fighting ingredients that work for up to 12 hours. and my pharmacist told me it's the only otc pain patch approved for sale using the same rigorous clinical testing that's required for prescription pain medications. proven. powerful. safe. salonpas. >>> there was an agreement on some additional revenues until yesterday when the president demanded some $400 billion more, which was going to be nothing more than a tax increase on the american people. and i can tell you leader canto

van hollen: thank you, madam speaker. i think the american people just heard a new definition of compromise. paying your bills is a compromise. the american family can't wake up one morning and say, boy, it's a compromise and pay for what i already incurred. it's a compromise to pay my mortgage. that's a new one for the american people. and it's part of a reckless pattern that we have seen emerging here. furs our republican colleagues walked out of the biden talks. then twice they walked out of the talks of the president of the united states. then when the republican leader in the senate put forward a proposal, they ridiculed it. thursday night in this very house they said no to the proposal by the republican speaker of this house until he amended it. the same speaker who said we need to have an adult moment. here's the concluding paragraph of tod's "wall street journal." republicans are not looking like adults to whom we can entrust the government. the american people are looking for that adult moment. if you're not will

ranking budget member chris van hollen. >>> plus, from fires to floods to oil spills. natural and man-made disasters wreaking havoc across the country. with us, agriculture secretary tom vilsack. >>> i will sentence you to one year in the orange county jail, imposing a $1,000 fine on each count. >> casey anthony will not walk from court today a free woman but she will be released from jail next week for time served and for good behavior. >>> and blastoff or bust? the latest on the "atlantis" launch and the future of the space program with former nasa administrator sean o'keefe. >>> good day. i'm andrea mitchell live in washington. we are expecting president obama will come into the briefing room at any moment. there is the president. let's go to the briefing room. >> all the congressional leaders from both chambers, from both parties, and i have to say that i thought it was a very constructive meeting. people were frank. we discussed the various options available to us. everybody reconfirmed the importance of completing our work and raising the debt limit ceiling so th

congressman chris van hollen is a democrat from maryland and he joins us now. >> martin, good to be with you. >> and the president has made it abundantly clear that he is having to make painful compromises and are you and the fellow democrats prepared to follow the president's lead even if it means compromising on the sacred aspects of the welfare system? >> well, martin, we have to look at what the president is proposing, because it is still the back and forth, but in terms of the overall approach, we agree with the president that you have to have a balanced plan, and he is talking about $3 in spending cuts to $1 in revenue raised by cutting a lot of the corporate loopholes and asking the folks at the top the go back to what they were paying in the clinton administration, and so in terms of the general framework, everyone is on board, and the big obstacle has been that while we are willing to give the president a little running room to discuss that framework, the republicans have said no to even talking about the revenue piece. >> and yet there is some anger, isn't there, from democrats

van hollen. >> thank you, mr. mcgovern.miss foxx, if you read the bill, that only applies to fiscal year 2012. it sets up budget targets for 10 years. the only way that cap applies is the first year. the remaining years continually ratchet it down. it is in the section related to the cut, ok? it goes cut, and then cap, and then supposed rigging of the constitution, that is what it does. so if you look at the constitution, i would urge the american people not just to read this. and i really do urged them to do it. but read it in connection to the constitutional provision that they are proposed, which jerry rigs the constitution of the united states in a way that favors by definition cuts to things like medicare over closing corporate loopholes. it requires two-thirds to eliminate a corporate tax loophole for the purpose of deficit reduction. you're going to put that into the constitution of the united states. >> by a reading of the bill, social security and medicare are on the table for future cuts. it is important that that

tonight, steny hoyer is with us and chris van hollen and bernie sanders. they're here with their version an how this is going down and how it's going to get solved. this is "the ed show." let's get to work. >> the bill's not perfect. i never said watz perfect. >> even the tan man knows his bill is no good. he was embarrassed by his own caucus tonight. but is senator reid's plan any better? former labor secretary robert reich knows the answer. constitutional scholar michelle bachman doesn't understand the 14th amendment. >> he would be making spending decisions and tax decisions. clearly that's unconstitutional. >> we'll review the document for her. and while republicans hold the economy hostage, nobody's thinking about putting americans back to work. tonight, my commentary on how washington and big business need to start hiring. good to have you with us tonight, folks. it's an unbelievable day of news coming out of washington, d.c. house speaker john boehner, i guess you could say is finding out the hard way that a stiff drink and round of golf just isn't

. >> we are joined by maryland congressman chris van hollen, and first, what was the reaction to mr. walsh's considered contribution to the debate. he won't even vote for speaker boehner's plan. >> well, you see the exactly the dilemma we are facing which is a core of hard right tea party members in the house of representatives who don't think it is a problem if the united states doesn't pay the bills and every american family has to pay the mortgage and make the car payment and get up one day and say i'm not making the payments anymore, but that is what they are proposing but the single exception is that we will pay china and the bondholders, but it is okay not to pay the troops and not the pay social security and anything that is not in the form of a treasury bond obligation, they are willing to write off, and say, you are on your own. we think that is reckless and we also think that is in itself jack up interest rates and cost americans much more through their purchases of all of the goods and services throughout the economy when you have interest rates going up. >> mr. van hollen

. >> right over to capitol hill where chris van hollen, the ranking member of the budget committee joining us now. good afternoon, sir. >> good afternoon, martin. >> the clock is ticking, congressman, and what did you think of the farcical scenes of mr. boehner incapable of securing enough support for the plan, and do you think it is likely to pass today? >> well, martin, many weeks ago, speaker of the house john boehner called for an adult moment, and last night we saw them heading in the exact opposite direction. this is a time, as the president said, for responsible compromise, and instead of reaching out across the aisle, what he is doing is to catering to the far right tea party extreme of his own party, and went from a bill that is already, you know, uncompromising to one that is even worse. >> so are you calling him a child? >> well, i'm saying he was headed in the wrong direction by his own -- he has not met his own call for the adult moment at this particular point in time. we hope we get to that point quickly. unfortunately, because house republicans refuse to come up with the se

van hollen. thank you madam secretary and her other panel of witnesses for coming to today's hearing on the future of medicare. for years, politicians in both parties have not been honest with the american people about medicare. the facts are clear. health care costs are skyrocketing and growing 8% a year. medicare spending is on pace to double over the next decade exhausting its remaining funds. 10,000 baby boomers are retiring every day is funeral workers are left paying into the program. life expectancy was at 70 when medicare was created and today it is 79. nonpartisan experts including the congressional budget office, medicare's own trustees, repeatedly warned of the looming insolvency of this critical program. these aren't democratic facts, these are republican facts coming fairfax. rather than at answering solutions to many politicians from both parties in the past in washington have offered nothing but empty promises and false attacks. we deserve better. our seniors deserve better. due in

with me now, maryland democratic congressman chris van hollen, ranking member on the budget committee, very close to the leadership. congressman, let me start with what you understand that is, quote, on the table in the $4 trillion grand bargain here. what part of social security is on the table, or is it sort of to the side? >> right. before i get to that, could i just say that the disappointing jobs numbers this morning underscore what a lot of us have been saying, which is that, even as we work to come up with a plan to reduce the deficit over the next ten years, we do nothing in the short term to harm the economy. and deep immediate cuts would do just that. so, first, do no harm, principle number one. with respect to the grand bargain, we've said all along, the president said all along, you need balance. you need to make sure you have revenue closing corporate loop 0 holes, asking folks at the high end of the income stale scale to pay more. we've seed with respect to social security, we support the idea of strengthening social security on its own track, on its own merits, just lik

we have chris van hollen with us. >> good morning, chris. >> let's start with john boehner. if he brings the cuts to $1.2 trillion, can it pass? >> i'm not sure it can pass then. before you have the error that they caught. before that, he was having trouble getting the votes. i don't know what the situation is right now. the problem with the boehner proposal is it puts the country in the same fix now, just six months down the road. why do we choose the road? >> it cannot be the short-term plan? >> because the economy is in a fragile state. it makes no sense at all for anybody to do anything that makes it more fragile that risks the credit worthiness of the united states and risks putting more people out of work. those are risks we should not be taking right now. this is a choice. there is no reason we have to do that. why in the world do we adopt a plan that creates continued uncertainty and instability in the economy. that is beyond me. as you heard in the clips, what you have now is a situation where a small group within the house, a lot of the house tea party caucus membe

. >> congressman chris van hollen joins me right now. thank you for your time.there's enough responsibility amongst more moderate members of the republican party and both chambers to come together now with democrats and get something done? >> well, i don't know about the senate. that's our big hope right now is you're going to have enough moderate republicans to put together a deal with harry reid, look at the compromised proposal he hammered out. in the house, you've got the very right wing tea party republicans are in charge. you've got the tail wagging the elephant. we saw that when they proposed the proposal their own speaker put on the floor and he had to go back to address those concerns. so hopefully we'll see something come out of the senate and harry reid's bill answers all the requests that republican colleagues put forward in terms of what they wanted to achieve. >> i was speaking earlier, asking the question about a way of satisfying the tea party supported candidates, who have had so much influence on speaker boehner's bill moving forward. is there

we have ryan, schumer, van hollen and pfeiffer.ldfires, the floods and other disasters. >>> casey anthony gets credit for good behavior. she will walk free next week. there's another way litter box dust:e purina tidy cats. tidy cats premium line of litters now works harder on dust. and our improved formulas neutralize odors better than ever in multiple-cat homes. so it's easier to keep your house smelling just the way you want it. purina tidy cats. keep your home smelling like home. >>> right now on "andrea mitchell reports." deal or no deal. democrats and republicans just finishing a meeting at the white house, putting all their cards on the table. we are expecting to hear from the president any minute now. what's in play? by all accounts, social security, medicare and taxes. a big development moments before the meeting began. speaker of the house john boehner opened the door, changing the tax code. >> we believe that comprehensive tax reform both on the corporate side and personal side

we're certainly not going to subscribe to that totally unbalanced approach. >> chris van hollen, thankou very much. >> thank you. >>> for the markets, of course, the date to watch in this standoff isn't really just august 2nd. a crash could come in moments, in seconds, even sooner if the markets decide there will not be an agreement in time. what can we expect if time does run out? jay powell served as top official at the treasury department under president george herbert walker bush and has studied the potential consequences for the independent bipartisan policy center. he joins us now. jay, what does happen when time runs out, whether it's august 1st, august 3rd, what do we see happening? the bond holders are going to be paid so what kind of choices does the president have to make? >> that's exactly what we see. we see if the debt ceiling's not raised by august 2, starting on august 3 and for the rest of the month, we assume the bond holders will be paid their interest. we assume there's not much risk on that. but that other creditors who are beneficiaries of federal government payme

van hollen, for yielding. the american public are rightfully very distressed with the congress of the united states. they're distressed that a time of great challenge and great risk thank, that we fiddle while the debt threatens -- risk, that we fiddle while the debt threatens to burn us, to place our country in the position of being adjudged uncredit worthy. that is not worthy of this congress or any one of us that serves in this congress. we have 14 days according to the secretary of treasury until such time as america will be unable to pay its obligations. whether to foreigners or to people in this country. that is not a situation that will be looked at positively by the financial sector or by any one of our constituents whose ability to save, to have a 401-k that is stable, to purchase an automobile or a refrigerator or send their kid to college will be put at risk because of increased interest rates, not one of us will be held harmless if this congress fails to do its duty. now, ladies and gentlemen, we h

congressman chris van hollen, the ranking democrat on the house budget committee, who's been involved in these talks. thanks for coming on "hardball." >> thank you, chuck. >> susan page, the washington bureau chief for america's newspaper, "usa today." it's interesting that actions speak louder than words. watching republicans, watching mitch mcconnell do legislative jim nat ticgymnastics to come u escape plan, is that they knew they were losing, and mitch mcconnell was throwing himself in front of a bullet essentially for speaker boehner. is this political win for the president, though, or is the air out of the balloon because ultimately he couldn't get washington to come together, he couldn't bring this together? some are going where was he the last six months rather than the last six weeks? >> he definitely needs a deal to happen if for some reason this doesn't come together. his political career is staked on the economy doing better. he's warning us right and left, if the debt ceiling gets close and not raised in time, the fragile recovery is going to have the pins kicked out from

who gave a strong defense of cut, cap and balance, and, his response specifically to what chris van hollend, what, are you crazy, a bad idea to put a balanced budget amendment in the constitution? >> eric: that is the debate there. what will happen? >> chris: i don't know, you know, we keep think, i think in washington, that wiser heads will prevail and eventually they'll work out a deal, work out a compromise. because i have to say a lot of people think it would be very dangerous for the country, and dangerous for -- in terms of our financial standing, and also, very worrisome to a very weak recovery, if you didn't raise the debt ceiling by august 2nd. but, so far, i mean, there seems to be no give at all. and i understand this is on tv and that is different than what is going on behind private doors but the fact is, that this talk of cut, cap and balance, one of the questions i asked jim jordan, it may be a good, solid, idea and is almost certainly not going to become law, between now and august 2nd, and, while they are appealing to their base and the democrats are doing clearly the same

maryland's chris van hollen ranking member on budget committee.ave your handful, don't you congressman? >> we do, jenna. you summed up the situation with the lead-in there. jenna: we appreciate that. this is something moment by moment and keep our viewers up-to-date on as best as we can. one thing we're looking closely at the plan by senator reid. it doesn't include any revenue increases but the plan put forth by the democratic leader over in the senate. i know you're a congressman in the house, congressman van hollen, but is this a plan you can get behind? >> yes. senator reid's plan is one i don't like all the particulars but certainly one i could live with. it meets the criteria that were set out by house republicans quite some time ago. it is all cuts. and by cbo scoring you're talking about over $2 trillion now. in fact over the amount of cuts put forward in speaker boehner's plan. and it has the virtue not putting our economy in the same jeopardy we are now just six months down the road which is what speaker boehner's plan would do. it would

and also, chris van hollen, the top democrat on the house budget committee.biggest news is that a lot of people think that the mcconnell fall-back plan, allowing the president to take the heat and get his debt increase past the election without, at least with the possibility of no spending cuts at all is going to get through. jordan basically said over his dead body. he said i am not going to vote for it. and the house republican caucus won't vote for it, which raises the question will there be enough votes for that? if that, which is considered the fallback doesn't pass, i don't know where we are come august 2. >> that is a spirited debate. it continues. didn't get solved but see if we made inroads with the sides. you have someone who is turning out to be the interesting story of the 2012 race. herman cain continues to show up in the polls and he is getting traction. >> he is. i think he has lost a little bit. her man cain, the formercee of godfather's pizza. clearly according to the public and polls won the first debate, the fox debate in south carolina tha

van hollen continues to raise the specter of medicare being cut. >> mrs. fox, which let me to respond to that? >> it is amazing that such a short bill can do so much damage. and just because it is only nine pages, as you say, does not mean that we should not have hearings on it and there should not be witnesses and it should not go through a markup. this is a big deal. the idea that because it is a short bill, it is no big deal, which cannot follow regular process. that is not the weight -- the right way to go. >> thank you, mr. mcgovern. miss foxx, if you read the bill, that only applies the fiscal year 2012. it sets of budget targets for 10 years. the only way that cap applies is the first year. the remaining years continually ratcheted down. it is in the section related to the cut, ok? it goes cut, and then capped, rigging of thee id constitution, that is what it does. so if you look at the constitution, i would urge the american people not just to read this. but read it in connection to the constitutional provision that they are proposed, which jerry r

van hollen. mr. van hollen: sthanching you, mr. speaker -- thank you, mr. speaker. it's high time to stop playing rush and rule et with the american economy and american jobs and that's what this will measure does. it says ok, america, we are going to pay america's bills, but only for five more months and only if we put in motion a plan that will end the medicare guarantee and slash education. the proposal before us today will put the american economy and american jobs at even greater jeopardy over the next five months than they are today. it deliberately, by choice, keeps the economy under a cloud of instability and uncertainty. it chooses to risk higher interest rates and shrinking retirement funds, a hit on every american family. so why would we choose to intentionally keep this cloud hanging over the country and the american people? we're told that we have to do it in order to force this congress to reduce the deficit. that's what we're told. but the actions tell a very different story. the actions suggest this is not about reducing the deficit, it's about reduc

also chris van hollen, a democrat to talk about how the democrats view this.mocrats have been upset with the president for suggesting that perhaps medicare benefits or perhaps social security benefits were on the table. and rick san tore um was a 2012 presidential candidate, and he thinks the president doesn't get it. >> looking forward to awful those views. thank you very much. keep it here with "state of the union" here with candy. that's right here on cnn. >>> remember that showdown in wisconsin over union rights for public employees? some legislators are facing recall elections this week. here is paul steinhouser with that. >> a bunch of the presidential candidates will campaign in some of the crucial voting states in the road to the white house, among them herman cain, and tuesday there's a special congressional election in the los angeles area to fill the seat of former representative harmon who stepped down earlier this week. and then a controversial plan to strip labor workers of their rights. we'll learn this week how much money president obama's re-e

congressman chris van hollen. thanks for being with us.t do you say we have president's hour on the floor of the house? >> i would like to have the debt discussed that way. fabulous. >> thank you, chris. >> thank you so much. i think the devil is in the details, steve rattner, but at least we have an outline that we can move forward on. you have tom coburn, barack obama and john boehner in that territory. it may be good. >> i worry as people see the details,itis going to get worse, not better. they are going to lose their deduction for state and local taxes. this program is going to be cut. instead of focusing on the whole thing saying it's a step forward, people are going to pick on the things they don't like. it would be amazing if we could get this down. it's daunting. >> we have had so much legislation crashed in this kind of crazy fashion. as you say, the picking and negotiation and so on when the spotlight goes off. that is the key. how do you keep that momentum in the positive direction, as you say. >> you have to focus on the whole

chris van hollen is back with us. good morning to you. tom coburn is coming out with guns blazing. $9 trillion to save america. he says it's rough but it's necessary. do you agree? >> we have to couple with a plan to reduce the deficit. we need to do it in a balanced way. i give senator coburn credit for putting the plan on the table. this plan recognizes spending through tax breaks is like spending through other parts of the government. and he would allow for cutting special interest tax breaks for the purpose of deficit reduction. i have not had an opportunity to look as the his entire plan. it calls for draconian cuts. butch he provides a combination of cuts and elimination of the tax loopholes for the purpose of deficit reduction. bill: just fact that he couples with taken idea for $9 trillion it gives you a sense of the enormity of the issue. democrats control the senate, you have got a democratic president. can you afford to allow this debt issue to linger into another election cycle as a party? >> we all need to come together to ma

i think i lened by talking to chris van hollen, i think we may have the outlines of a deal. >> don't get me too hopeful. >> let's cross our fingers and hope we'll have a delay. let us hope. >> wrap it up. >> if it's too early, what time is it? it is time for "morning joe" but now it's time for "the daily rundown." see you tomorrow. >> six degrees of separation. the senate's gang of six is back. the president and the senate rank and file love it. but senate leaders and house republicans, they waste little time dowsing cold water on the idea. the debt limit deadline is coming up fast. will the president and much of the senate drag the house into a deal kicking and screaming. >>> look who's surging now? michele bachmann rockets up the ranks in the "wall street journal" poll. is she a flash? we'll have that and much more from our brand new poll. >>> plus -- >> we now know which party it was, if you like, the slumber party. obviously. >> it's finger pointing time and question time. day after parliament grills rupert murdoch, it's david cameron himself. no break in this london fog. give th

be here tomorrow morning for state of the union at 9:00 and noon, with kevin mccarthy and chris van hollen. we'll see if they have any solution to the dismal numbers. right now the news continues on cnn. >>> right now on this broadcast, a tragic reminder for baseball fans to be careful. >> we ask that each of you join all of mininger league baseball as we observe a silent moment of respect -- >> a man falls to his death after catching a ball for his son. and the man standing next to the man. >>> stars remember betty ford. the outspoken former first lady and advocate for addiction recovery. >>> william and kate visit california. we're going to take you there live, and what is this all about? ♪ >> i'll explain all that straight ahead. the news starts right now. >>> we begin with this tonight, in article fon texas, a father and son out for a night at the ballpark, then a shocking tragedy. >> that's why there was time taken. wow! >> shannon stone reached for a ball only to fall head first over the railing dropping about 20 feet and sadly to his death. his 6-year-old son right next to him, seei