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Debt Deadlock Continues

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  • Description

    FBN's Rich Edson on the continued deadlock in the ongoing debt debate in Washington.

  • Duration 2:33
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President Obama lawmakers will be back at the bargaining table -- less than two hours to try to hammer out a dead bill.

But I -- a spreading as the two sides appear to be deadlocked.

Retention is at the white house with the latest rich.

And -- solidifying their positions Charles on the Republican side now you have calls from the house speaker in these debt meetings.

They want to pass some type of balanced budget amendment to the constitution.

And they also are renewing their calls for President Obama to present them with some kind of deficit cutting plan some bit of specific here.

And come to the table with an actual specific plan like they say Republicans.

Have passed in the House of Representatives Democrats are stiffening their resolved when it comes to increasing taxes on families -- any more than 250000 dollars a year corporate jet -- heard.

This rhetoric for some time now and especially from the rank and file Democrats in the house and senate.

They are continuing to push so we're not getting progress we don't have a deal we don't have a partial deal or partial agreement.

We've just got more rhetoric take a listen.

-- to lift the debt ceiling.

-- -- how we got to that place.

It was not even less.

Pay its debts that we where -- reliable.

Reliable.

The senate Democrats will not produce a budget.

And a -- -- we're not put together an honest plan with real spending cuts that they'll stand behind them that people analyze and store.

Just more gimmicks tricks and games that is not acceptable.

And Charles one -- describes today's progress of the progress yesterday.

It same stuff different day.

A -- hoping for alleged.

There -- rich any doubters out there in this August 2 deadline because it sounds a little dubious.

The more we hear about it.

You know there are plenty of folks -- with the Republican Party Michelle box and presidential candidate says.

But she's not all that sure she thinks that Democrats are engaging in scare tactics here to set off a bit more yesterday when President Obama said.

That he couldn't guarantee that Social Security checks are gonna go out.

On August 3 and house speaker John Boehner says that the president was he gauging and scare tactics though most of the top Republicans.

Would agree that we've got to watch out for August 2 and August 2 is the date they don't want to get up to that deadline in the White House response today to the skeptics.

And said basically that they -- standing by the fact that -- there will be dire fiscal circumstances.

If we exceed that debt ceiling deadline Fed Chairman is well.

Weighing in and echoing those thoughts earlier today.

Matthew -- -- and thanks a lot appreciate.

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