It 'was amazing to see the story today, the President of the United States say they can not guarantee control 27000000 social security, which must be sent on August 3rd day.
August 3rd is the day after the U.S. government pay its debts if the Democrats and Republicans agree to raise the debt limit in the nation. Both sides say they will not increase the limit without an agreement on a massive scale to reduce the federal deficit. In the absence of the United States could undermine the global economy. The stakes could not be higher. Time is short. The question is whether an agreement to reduce the federal deficit include tax increases that Democrats insist or rely solely on budget cuts that the Republicans demand. The Republican chairman of the House John Boehner, the day began with a desire that the house will not raise taxes - period.
Supporters of the war in the debt ceiling looming crisis escalated on Tuesday that the new Republican leaders refused to consider any tax increase and President Barack Obama warned that without an agreement, can not guarantee more elderly Americans continue to receive Social Security checks next month.
"You can not just be a fund of money to do it," Obama said, according to excerpts of the CBS News interview, scheduled for Tuesday evening.
"We can not guarantee - if there is a failure - any specific bill is paid," said White House press secretary Jay Carney press Tuesday afternoon.
Top legislators on both sides of the aisle Barack Obama met for nearly two hours at the White House late Tuesday, and another session is scheduled for Wednesday, according to House Majority Leader Eric Cantor, R-Virginia.
Cantor also said Obama has presented the details of his proposed cuts to benefit programs such as Medicare, and supporting the Republicans what they heard. However, Cantor reiterated opposition Republican Party to increase taxes, which is the main obstacle to an agreement.
A senior Democrat familiar with the discussions, the atmosphere was tired after Tuesday's meeting that the participants get tired of hearing the same talking points on both sides.
Although none of the breakthrough came in, Obama has stressed that any agreement on the $ 1.5 trillion spending cuts negotiated in previous discussions, led by Vice President Joe Biden, but he wanted to have an increase in tax revenue, as part of the agreement.
Administration officials have warned that failure to increase the current $ 14.3 trillion ceiling on August 2 could trigger a partial default. If the missing money to Washington to meet the bills, interest rates can skyrocket and the value of the dollar would fall, among other things.
In a letter to Obama and the lawmakers urged the commercial organizations that leads them to take hard-line partisan positions to reach an agreement.
"Our political leaders must approve a plan to significantly reduce long-term budget deficit with the goal of at least stabilize the debt to gross domestic product (GDP) of the country - meaning tough choices," said a letter from the Chamber of Commerce Business Roundtable, the Financial Services Forum, the National Association of Manufacturers and the Partnership for New York City.
"Now it's time for our political leaders put aside partisan differences and act in their best interest," says a letter. "We believe that our economic future depends on their actions, and asks them to reach an agreement. It 's time to put together and pull out."
together rather than apart. "
Asked by reporters about the letter, Carney said: "We could not have said it better, and we agree."
The negotiators discussed the trillions of dollars in potential savings for the next decade, a response to the GOP for significant reductions in exchange for a higher debt ceiling. Democrats are furious, however, that the Republicans refuse to consider any tax increase as part of an agreement.
In an interview with CBS, Obama noted that former President Ronald Reagan's commitment to raise taxes, and wondered why the Republicans of today will remain steadfast opposition.
"The question is, if Ronald Reagan could be compromised, because the people who idolize Ronald Reagan, to be willing to participate in the same trade-off," Obama said.
However, Republicans have continued to reject any form of tax increase.
Conservative Sen. John McCain, R-Arizona, told CNN that his party has promised to cut spending, not raise taxes when he was a sharp increase in recent congressional elections in November. At the same time, McCain said he was open to removing some of the tax loopholes and subsidies for the oil industry and others.
Besides being able to raise taxes, House Speaker John Boehner, R-Ohio, also said the spending cuts exceed the total size of any increase in the debt ceiling, and that restrictions should be imposed news about future spending.
Senate Minority Mitch McConnell, R-Kentucky, said he has lost all hope of a "grand bargain" with the White House.
"Until this president is a true solution for the oval office (the issue of taxes) is unattainable," said McConnell. Obama "do almost nothing to protect the size and scope of Washington, DC burgeoning bureaucracy."
House of Representatives, John Boehner, said Tuesday that Obama "talks a good game" when it comes to making concessions to an agreement, but "I can not pull the trigger."
McConnell accused the administration Tuesday of using "smoke and mirrors" in its proposals.
For its part, the Democrats dug in their heels.
Republicans want to "protect the wealthiest among us - millionaires and billionaires - and hurt the middle class retiree," said Sen. Chuck Schumer, D-New York. "This approach is not balanced. It is not right. It is not moral, and will not be accepted."
As the rhetoric intensified, the Treasury Secretary Tim Geithner warned that time is running out. The secretary said he wants an agreement to increase the debt limit and reduce costs at the end of this week - or next week at the latest - that Congress will have time to return before the law.
"We know that we have a lot of time," said Geithner. "Default is not an option."
Failure to reach an agreement would "make the stock market to crash," predicted Senate Majority Harry Reid, leader, D-Nevada.
Before his meeting with Barack Obama in the White House offered Senate Republicans a fallback option of the debt ceiling impasse offer three short-term increases in the amount the government can borrow, while at the same time to save disapproval of Congress for such action.
The proposal would give Obama the power to raise the debt ceiling, but will require three votes of Congress on the issue before the 2012-election. Obama said Monday that he would reject any extension of the maximum short-term debt, as required by the Senate Republican plan.
McConnell told reporters the proposal was intended to obtain an increase in debt ceiling, if no agreement is reached to avoid a government default.
But Republican senators informed about the plan he described as more than a messaging device policy that a viable option to avoid failure. He also criticized the conservative redstate.com site map as a capitulation by McConnell in a speech entitled: "Mitch McConnell has suggested that the" Pontius Pilate Before Buck Act of 2011 "."
After Tuesday's trading session at the White House, Sen. Dick Durbin of Illinois, told CNN that the Republican plan was being discussed "as an option."
Notes that the Republicans have called for decisive action to reduce debt, Obama urged them to compromise their overall rejection of Bush-era tax cuts for wealthy Americans. The President said it was ready to push the Democrats to do something they do not like - the reform of Medicare and other entitlement programs, which are the legacy of a political party - in an attempt to achieve their goals and trim $ 4,000,000,000,000 deficits.
Monday's meeting with Hill leaders included a detailed examination of a possible minor chord based on conditions arising from Biden talking about.
Republicans call for spending cuts exceed any increase in the debt ceiling, and Obama has said that make the difference between the spending cuts agreed in negotiations Biden and cap total debt you want, need to increase income, sources said Democrats.
Negotiators are trying to salvage a deal after Boehner pulled back on the weekend of Obama's favorite 4000000000000 level of the dollar. The agreement would have stumbled over a dispute concerning any tax increase for the richest Americans by giving tax cuts of the Bush era will expire at the end of 2012.
The president insisted Monday that he does not seek to raise taxes until 2013 or later. He said he has "bent over backwards to work with Republicans" and not force them to vote on any increases in revenue in the short term - a poisoned political movement for the conservative base of the GOP.
Instead, Obama said he wants to ensure that the current nature of the progressive tax code is done, the Americans with higher tax rates on higher income assessed.
Boehner said that any revenue increases initiative of this type would prevent the majority of Republicans to support a more ambitious, even if it is one that includes spending cuts and social reform programs.
During a meeting with House Republicans on Tuesday morning, Boehner insisted that, contrary to some reports, he is constantly away from all the tax increases.
"Comprehensive tax reform" had been discussed as a way to "generate additional revenue through economic growth," said Boehner, according to a prepared text of his remarks obtained by CNN GOP source in space.
Negotiations on tax reform has failed, Boehner claimed, because Obama wanted to "increase" progression "of the current system" - a reference to Democrats' requests for more revenue from the wealthiest taxpayers.
At the heart of the GOP opposition is a founding principle pushed by conservative Grover Norquist Crusader against any tax increase. A pledge pushed by Norquist group Americans for Tax Reform, was signed by members of more than 230 homes and 40 senators, Republicans almost all of them.
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