Rep. Price: Dems 'scalpel' budget cuts would lead to bankruptcy

Earlier on American Morning, New York Democrat Sen. Charles Schumer told AM’s Kiran Chetry the Tea Party and their proposed cuts were the "only thing standing in the way of an agreement" on the federal budget. Georgia Republican Rep. Tom Price responds on AM.

Rep. Price tells AM's Ali Velshi it is the Senate Democrats who have not acted yet. "They're negotiating with themselves right now," he tells AM. "What they need to do is act."

Price says it's up to the Senate Democrats to avoid a government shutdown.