(Image source: CNN, NBC, Fox News, ABC, CBS)

BY ALLIE SPILLYARDS

This Sunday- debt talks heighten as Congress reaches the brink of its August 2nd deadline.

“I think I can pretty confidently say that this debt ceiling increase will avoid default, which is important for everyone in America to know. We’re not going to have a default for the first time in our 235 year history. We’re not have job killing tax increases in it. We’re going to deal with the problem the American people sent us here to deal with which is that the government has been spending too much.”

“And get it done when?”
“Soon.”
“Today?”
“Soon. We’re aware that August 2nd is a day of some significance.”

A day -- which has been given a lot of significance according to White House Senior advisor David Plouffe.

DAVID GREGORY: “I’ve spoken with top figures on Wall Street who say this is a code red day. All hands on deck, preparing for a market shock as early as tomorrow. What is your message? What is the President’s message to investors around the globe at this moment?”
PLOUFFE: “Well I think it is that we have to get this solved. Today is obviously a critical day. We have to give confidence that there is a pathway to both make sure that we reduce the debt ceiling and let’s not underestimate that deficit reduction is an important part of this.”   

And while there few details on a rumored deal, there was talk about the proposed creation of a new joint committee- a “Super Congress”- that could fast track legislation through both chambers.

“They’re going to have a broad mandate to look across the federal government including tax reform... We fully expect them to deal with entitlement reform.”

But South Carolina Republican Senator Lindsey Graham tells ABC’s “This Week,” not everyone’s on board.

“I don’t see many conservatives getting behind this quite frankly, because you don’t oversell. I’ve learned in politics the hard way, don’t oversell and don’t tell people they should feel good when they have a reason not to feel that great.”
“Will it pass?”
“I think half the conference in the Republican House must vote for this.”

And while disagreement in Congress isn’t much of a surprise these days -- multiple Sunday show guests hinted an end to the impending debt crisis is in sight.

"No one has signed off on a final agreement so it’s premature to talk about any specifics. The most important thing this morning is, if there's a word that would right here that would sum up the mood, it would be relief. Relief that we won’t default. That’s not a certainty but default is far less of a possibility now than it was a day ago."

But signs of confidence weren’t solidified with details on where talks are headed. Tax reform, spending cuts-- which side is going to get its way?

“I think there will be some who want to see taxes as part of the approach. I certainly don’t and I don’t think most Republicans do. I think we believe if taxes reform is part of that discussion of the permanent committee, and it certainly can be, it ought to be with an eye toward broadening the base, lowering rates and getting the economy growing again.”

“We shouldn't even be talking about spending cuts at all now. We have 9% unemployment. These spending cuts are going to worsen unemployment. It's even going to hurt the long-run fiscal picture ‘cause we have a situation where more and more people are becoming permanent long-term unemployed.”