can see in our landscape that may shake up republican so lidty. they listen to markets, friends, and donors in markets. a lot of these guys like mitch mcconnell and john boehner begin hearing from managers of hedge funds and investment banks, what are you doing? we are now facing consequences, this is going to get more significant. remember too a lot of other types of bonds are linked to the municipalities, states, hospital bonds, a lot that relies on american federal payments. you could see this rippling down depending on how s&p decide to play. we re going to go to john harwood who s joining us by phone. john, has the administration acting to this yet? i got off the phone with an