explanation. thanks very much. wall street clearly worrying about the debt ceiling mess. nervous investors sent the dow down another 136 points today. the s&p and the nasdaq indices were also down almost 1%. so what's the answer to the shutdown stalemate, the debt ceiling dispute? joining us now, two members of congress. republican jeb hensarling of texas, the chairman of the financial services committee, democratic congressman steve israel of new york, he chairs the democratic congressional campaign committee. i just want to make sure both of you agree with that dire scenario, congressman hensarling, first to you, that tom foreman just laid out. do you accept that? >> oh, i think it would be quite dire for america to default on its bonds, on its sovereign debt. that's why house republicans back in may put forth h.r. 807, the full faith and credit act, to say that the united states cannot default on its debt. basically it takes payment of