Page 3 - Doesnt Default News Today

People who are in the financial sector do. default means youre not paying your credit obligations in the financial sector. the president uses it to say, were not paying all the things that we want to spend money on. thats his deflection of default. >> stand by. thats an argument ive heard a lot of. kayla tausche, i want to bring you back in. weve heard from congressmen who have said that. is that true? >> under the 14th amendment the president does have the right to ask the federal reverse to pr...

Then i think every democrat will vote to make sure that the involvement doesnt default on its debt. then when we get those two critically important issues so that the whole country is not roiled by those, sit down at the table and rationally discuss what our bipartisan plans that are on the table to get us to a fiscally sustainable big deal, this country ought to do that. im for doing that. democrats are prepared to sit down and republicans say theyre prepared to sit down. lets do it. >> minorit...

Ceiling and that becomes one big fiscal fight? >> its a sign that we are very concerned about the possibility that republicans in the house will employ the same unfortunate tactics when it comes to their fundamental responsibility to raise the debt ceiling and make sure the united states doesnt default, as they have employed in shutting down the government. and as the president said today, there are many negative consequences of shutting down the government and he talked about them. our business...

Getting push-back and may have to give a bit. >> it looks like hes going to get the votes but with a big caveat. the president has saying he wants a clean vote which means nothing else added, just raise the debt ceiling so the u.s. doesnt default. but republicans have been pushing for it to be coupled with more spending cuts. white house has repeatedly rejected that until essentially this weekend when secretary geithner was on the sunday talk shows acknowledging, yeah, well have to give a little...

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Failure to raise the debt ceiling would have. are you saying that you acknowledge if the debt ceiling isnt raised there would be terrible economic consequences immediately? >> the consequences i believe largely depend upon how the administration approaches that situation. theyre going to have some decisions to make about how they prioritize and spend those dollars. ive signed on to legislation in the house that would direct the administration in some of that prioritization so we would ensure tha...