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Friendship. budweiser plans to only utilize them at special events. >> well, for the first time since president obama took office the treasury department pektss to pay down some of the nearly $17 trillionn debt. really diane? what's going on here? >> the treasury expects to pay down the next 35 billion in marketable debt for this year's second quarter marking the fist reduction in federal debt in 6 years. the payoff is a contrast to the estimation that they would have to borrow $103 billion in the second quarter and would end up with a cash balance of 30 billion even after the $35 billion payo...

>> welcome back to "morning joe." the treasury is paying down the debt for the first time in years. is that right? >> it's 2007. $35 billion worth of debt being retired. they expected to take out another $103 billion. a decent swing. tax receipts are up and spending is basically flat. it's not necessarily going to be a trend. this quarter is always pretty good because of the tax season. next quarter nay are expected to borrow $223 billion. it is not necessarily a trend, but a big deal if it hasn't happened in six years. >> it's now $16.5 trillion? is that right? >> right. we are supposed to co...

Many airlines one controller can handle. >> neil: all right. doesn't add up to me but it what it is. mark, thank you very-very much. >> we want to take a look at the markets today. closing in on 15,000, the dow, not good enough for a regard but i believe for the s&p today it was close, if not a record. meanwhile, a lot of this fueled by better than expected earnings but ironically what we were discussing in just that prior segment there. the debt, while it's still really bad, this marks the first time in six years the u.s. is going to make an effort to pay off a little chunk of it. in the late...

Too fast. we should not be doing any cut at this point because cuts will cost us jobs. and the real problem we is a jobs crisis, not a deficit crisis. >> one word from all of you. odo you think she could walk us back into a recession if this were to happen? >> without a doubt. >> no question. >> house speaker boehner does not sound like he is willing to compromise. here is what he said yesterday. >> on the sequester will be in effect until there are cuts in reforms that put us on a path to balance the budget over the next ten years. >> sheila jackson lee, how do you deal with that? >> you know...

Cost us jobs. and the real problem we is a jobs crisis, not a deficit crisis. >> one word from all of you. do you think this could walk us back into recession if this were to happen? >> no question. >> no question. >> without a doubt. >> house speaker boehner does not sound like he is willing to compromise. here is what he said yesterday. >> on the sequester will be in effect until there are cuts in reforms that put us on a path to balance the budget over the next ten years. >> sheila jackson lee, how do you deal with that? >> you know, ed, i don't know why we can't be truth-sayers, if you wil...