Are We Closer to a U.S. Gov't Shutdown Solution?

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Oct. 9 (Bloomberg) -- Bloomberg Contributing Editor and Former New Hampshire Senator John Sununu discuss possible solutions for the U.S. government shutdown on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

You expect that we are any closer to finding a solution to opening the government?

I think we are a little bit closer, not a lot closer, but it probably started earlier in the week when jean sperling talked about the -- gene sperling talked about the short-term expansion.

That would give the congress and, the white house a little bit of time to go she ate and to negotiate at -- a little bit of time to negotiate.

The important issues, restoring some solvency to the budget process, bringing down the deficit, dealing with some of our really difficult, long-term unfunded liabilities.

Do you expect this to be a realistic solution?

How do you come to some sort of compromise when the white house continues to hold firmly its position that it does not want to negotiate on the debt ceiling.

That is really unfortunate.

It really is an indication of a lack of leadership.

Leaders do negotiate.

Leaders provide the opportunity to get to consensus.

The white house has previously said we are not going to negotiate on taxes, we are not going to negotiate on the sequester, now we are not going to negotiate on a budget resolution here that is not realistic.

Everybody knows there are opportunities to do a better job, managing our budget, and to help fix some of these long-term programs -- problems.

He mentioned taxes and entitlements.

I would suggest a mechanical engineer from m.i.t. as a moderate.

Let me ask the direct question -- where are the moderate republicans?

When are they going to speak, coalesce into a group to form action by their speaker?

I think there is pretty rusted cure -- broad support for the speaker.

You have a caucus of 233 republicans.

You can always find a few up that are not happy about the way things are going.

But the speaker has enjoyed pretty solid unity in trying to raise a greater level of concern.

Of course about obamacare.

This is something that republicans never supported.

It was a highly partisan piece of legislation.

And, obviously has not been working, so they raise concern about that, and now i think it has been clear that they are putting on the table with paul's op-ed and other republicans speaking up there should be a way to negotiate consensus around this is a problem.

This is not the republican party of john sununu.

Some more say they were bombing us back to a neo-confederacy debate.

Are they just in the wrong century?

No.

look, the people who are saying they are bombing us back are the partisan opponents, it is arts at the white house who's as no negotiation on any circumstances are at you know as well as i do, partisan aside, that is not leadership.

Yes, it is the tone, it is the personality, and right now the complexity of the process that as much or more of an impediment than just partisanship or ideology.

All right, a call to leadership from john sununu as well as paul ryan in the "wall street journal." all right, as we look ahead to the trading day, there is no progress on the government shutdown or debt ceiling, but because of the nomination of janet yellen as fed chairman, the u.s. stock index futures getting a bit.

Futures up by 5 prooints.

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change