Page 8 - Shutdown Doesn T News Today

>> i think its looking clear, right? >> reporter: well know exactly what the house is going to send back and who will be left holding the bag. >> athea jones reporting live from capitol hill. how would a government shutdown affect you? christine romans is in new york with that side of the story. good morning, christine. >> thank you, carol. i cannot stand the theatrics anymore from washington. lets talk about whats going to happen if there is a shutdown. national parks, museums, zoos, monuments,...

It is a skeleton staff, and they will no longer be able to do these loans as a result of a shutdown. but fannie mae and freddie mac guarantee the vast ma jjority o the home loans are funded by fees, and that will keep going. so when you look at the folks watching the real estate market, and the real estate recovery has been tentative and worries of the higher mortgage rates could be slowing the housing recovery and a lot of people are watching this to see if maybe the shutdown is a problem for t...

Accomplishments. but looking at where both sides are right now its hard to see where the concessions come from, especially because the senate does not appear willing to budge on anything. >> trace: what about -- its a very good point. what about these 11th hour deals? you see that republicans are huddled right now and they come out of the meeting, they have to say something, do something, to try and at least make the effort or make it look like theyre trying to avoid this shutdown. theyre trying...

The hours and days up to the possible shutdown, and it was averted. this time were not going to avert it. >> trace: i was going to mention. theyre not talking. theres no negotiation going on right now at all. so you have the house republican members huddling right now and will come up with some strategy. whats the next strategy? whats the next move on their part? >> i think theyre going to send another version, as mike was saying, some other version back to the senate so theyre replying the ping...

Determined. he says he has the votes and thinks they will pass this new revamped bill tonight and send it back to the senate. its futile because the senate is going to turn it down. so were really at square one. were at square one and the markets are dropping 140 points today. is it your sense the markets are dropping part and parcel because the government shutdown or other factors weighing on the dow? >> when you look at what specifically markets are looking into when it comes to washington, pa...

Looks more negative, because we are down ability 130 points. and the market is used to stalemates in washington, but this is a little bit more aggressive, because it is not just about the shutdown, but the debt ceiling debate on the horizon, too, and not raising the debt ceiling has a much bigger effect, because you have the full faith and credit of the united states is in jeopardy and that could hurt business confidence, but overall, what is interesting is that traders downstairs are crossing t...

Him hostage and theyre holding the rest of the country hostage. its really pathetic. >> if there is a shutdown, how long do you expect it will last? >> im hoping that after these guys go through this exercise and maybe get it out of their system, that there will be some adults in the room that are able to say, okay, lets just get this done. youve had your effort. youve played long enough. now lets go back to the business of the country. im hoping that a shutdown doesnt happen, that cooler heads ...

Of enough republicans to be able to pass this. i dont expect ill l hell get a lot of cooperation from democrats who dont want to see any cuts. but i think hell push as hard as they can to get the maximum level of spending reduction. which is what she should do. many of the voters who elected many of these new members of want want to see and are following through on that. we need to push as far as we get and get spending reduction as much as we can in this unfinished business from last year. this...

If were looking at a long-under shutdown, one that is two weeks, one that leads up to the october 17th deadline for when the -- we reach our debt limit, then you can talk about serious ramifications, especially for congressional republicans. >> looks like republicans for now are kind of shouldering much of the blame here. thats kind of the deal. whats the penalty? okay, they blame the republicans. whats the system they feel very secure in their home districts. they believe they have the weight h...

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