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Transcripts for CNN Legal View With Ashleigh Banfield 20131016 15:31:00

on paying all of our tea pot economics. have a listen. i m not worried about this thing that they term default. we are going to service our debt and pay the interest first and roll the principal over. i don t believe it s a hard break tomorrow. it s just a date they picked on the calendar. he s right. it autos not a hard date. this is not like the budgshow-d. what it is is a date upon which jack lew can no longer go to the tea pot and take any money out. that s true. eventually a financial bill will arrive that lew can t pay and and he ll have to prioritize. right. and i think the congressman is right. he will you know, the debt will be paid first. but that, in some view, could be a selective default. i m terrible with chinese phonetics they released this

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