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'Gang of Six' Plan Hits the House

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    Can proposal gain traction on the Hill?

  • Duration 2:55
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Good evening I'm Bret -- President Obama called Republican and democratic leaders back to the White House today in the ongoing effort.

To avert what the Treasury Secretary says will be a government default on August -- The attention appears to have shifted toward a bipartisan plan emerging in the senate but.

House Republicans.

Aren't yet sold senior White House foreign affairs correspondent Wendell Goler is live the White House tonight good -- -- -- Good evening Brett the president has some tough selling to do -- Democrats as well the AFL CIO announced today it opposes the gang of six planned but you're right.

The toughest toughest job -- the president is with Republicans and particularly those in the house and mr.

Obama got started on it today.

Yeah but day after saying a bipartisan senate proposal might break the logjam over cutting the deficit and raising the debt -- President Obama met separately with leaders of both parties and the so called gang of six -- members of the house on their proposal.

Gang member Kent Conrad a North Dakota Democrat said some of the plan's critics are trying to quote kill it in the -- We are working group of six.

To try to informed colleagues.

You know there's so much -- -- put out a plan like this -- so much misinformation.

That goes out.

Some thirty senators Republicans and Democrats have indicated they might support the plan.

Gang member Saxby Chambliss of Georgia Republican suggests house Republicans wouldn't have to violate their no tax hike pledge.

Well we really are raising taxes were actually lowering rates to help generate revenue.

Still the plan would also lower deductions for mortgage interest and health insurance and savings for retirement and taxpayers would pay one point two trillion dollars more over the next decade.

On the house side only Democrats -- voiced interest and most of them are not yet persuaded.

There's a lot of questions because there -- details both about the process in about the content.

An eleventh hour type situation.

At the White House aides said the president's budget director assured them there is still time to get the legislation through congress before the August 2 deadline but barely.

We think.

There should be and there could be.

But I'm not I'm not what I'm not laying bets that it's gonna happen.

A new Fox News poll indicates Americans still don't support raising the debt ceiling and by a wide margin.

Most feel bipartisan warnings of financial catastrophe -- the US should default are an exaggeration.

And the president's job approval rating is still disappointing we matched by disapproval.

Back on the deficit -- aides say the president continues to rule out a short term extension of the debt ceiling.

If there's no agreement by the August 2 deadline but if there is a deal and lawmakers need a little more time to pass the legislation and put it on his desk.

He might go along with an extension for that.

As for the house to house majority leader -- with the president right now if they come out -- Bring that to -- here Wendell thank you minister.

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