you're not the gold standard any longer. >> it's different from default. >> it's entirely separate from default. i'm saying a downgrade now looks very likely bearing in mind the chaos over the weekend and this harry reid plan that means absolutely nothing to investors. >> only thing i would amend to that, it seems as though they say if we do something drastic enough that shows people that we're on a fiscal sustainable path, something titanic, then we could avoid that, don't you agree? >> i would agree with that if we got our house in order and said we're going to tackle entitlements, we'll go after this. we'll do something concrete, if you did that, the likelihood is the stock market will go up. that's likely to happen. >> we can catch you on the fox business network and we'll look forward to that so much. now your headlines and we start with the fox news alert. dramatic video from the dallas area. one of the engines on this american airlines jet heading to brazil caught fire shortly after takeoff from dallas/ft. worth international airport. the pilot dumping fuel to lighten the load and make an emergency landing. still several tires were busted