Transcripts for CNN The Situation Room 20131012 22:17:00 : v

CNN The Situation Room October 12, 2013 22:17:00

country's bills. i can assure you markets won't like that very much. your 401(k) could take a hit. stocks will probably be very, very volatile if they don't see some action in washington very soon that raises the debt ceiling. it is bad behavior on the part of congress, this is amateur money management to the end. >> i got so upset about the beer and crab, because listen, those are those guy's lively hoods, that is what we do on the weekends, we all deserve that. a senior writer at cnn money. jean, what about 401(k)s? are they going to take a hit? could people lose their jobs over this possibly? >> well, with the debt ceiling nobody knows what is going to happen, if we get past that point where treasury doesn't have enough cash to pay all the

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