Van Hollen: Democrats not going to support a budget on the backs of Social Security beneficiaries

Representative Chris Van Hollen (D-Md.), ranking member of the House Budget Committee, said on Tuesday that senior House Republican Eric Cantor's offer to scale back on tax breaks did not "break new ground," casting doubt on the idea that the budget negotiations are progressing.

Nevertheless, Democratic and Republican Congressional leaders are set to meet with President Obama today at the White House to continue talks to raise the nation’s debt limit  and reduce the deficit.

Representative Hollen joins Ali Velshi today on American Morning to discuss the negotiations and what concessions he is willing to make to the Republicans in order to reach a deal by August second.