They appear to be concentrating on the House. Here is the link to the whole session -
http://www.c-spanvideo.org/program/SenateSessionPart267 - Kerry starts as about 2:02 in.
He is as somber as I have ever seen him. He is calling out for people to find a solution. He really goes after the House tea party guys, many of whom never held office before and who don't value compromise. He suggests that they listen to Ronald Reagan. Says the tea party turned their back on Ronald Reagan and are playing chicken with the American economy. He quoted Stockman who said that it was unrealistic to not raise taxes - following a catechism that forbids tax increases.
He spoke of meeting with the Finance of Greece and of speaking to experts, who know more about economics than he does. He quotes the Boston Globe which says that MA companies are reluctant to hire because they are are sure the government will avoid default and that some are concerned with spending cuts that will weaken an already weak economy. He then suggests that that might even be the goal of the tea party for political reasons.
He says that experts say that they can not tell him what a default will do - know one really needs.
Boehner plan will have draconian cuts to Medicare, Social Security and you will eviscerate the safety net for the poor. They purposely left out the money for getting out of Iraq and Afghanistan.
- This is a speech where we need the transcript.
Kerry says this is pure politics. A short term plan is not necessary or wise. He says the only rationale to come back to do the same thing next year is that they want to use it for politics.