Transcripts for CNN The Situation Room 20130304 22:08:00 : v

CNN The Situation Room March 4, 2013 22:08:00

that they worked against themselves to a certain degree. and so now i think the white house is waiting for the effect to snowball, as lisa was pointing out, so more and more people feel them. and then they believe they can possibly get republicans back to the table. >> it's a reminder of how last week was all about politics and not about finding a solution to this. he may have been raising the expectations of dire consequences far too high. republicans were saying let this play out. the interesting test now for the president as he waits for these consequences to kick in and maybe give him more political leverage, he's in a race against time in the sense that in congress especially in the senate you have democrats and republicans, the appropriatoapp already talking about a continuing resolution, to fund the government for the rest of the fiscal year. keep things at sequester level. keeping the $85 billion in place with no tax increases. you have democrats and republicans just beginning, this can go off the tracks easy but they're beginning a process that could say, hey, look, we're making progress, mr. president, without restoring this funding.

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