meetings on this. our understanding from a legal perspective is that the u.s. treasury under the direction of president obama has the authority to prioritize payments however they deem that they want to do. they might say well, first in time, first in right. or pick and choose. put interest on the debt first. they can do it however they want? >> shannon: congressman, we know off lot of work ahead. thank you for your time today. >> good to talk to you. >> shannon: well, are members of the tea party caucus stalling the debt talk? keep it here. in the next hour we ask the man who helped get a lot of them elected. former house leader and freedom work chair dick army joins us live. if the government defaults on the debt how do you protect what you have in investments? brenda buttner has advice you can't afford to miss. if there are default what is