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Stubborn, selfish, whatever word you want to put it to, the tea partiers right now are calling the shots in the house. in the meantime, the democrats are holding their caucus together. they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? tha...

Under the fourth section of the 14th amendment. >> you would suggest that now? >> i would not suggest it now. i know the president is looking at it. his legal team is looking at it. whether he has that option. he doesn't believe he does. his legal advice has been that it would be at best questionable, doesn't believe he has that authority. but very frankly, if it came down to his looking default in the eye on tuesday or taking this action as president clinton said, better to take the action and find out later that perhaps he went beyond his authority but at least protected the credit worthines...

Latest updates on this topic from reliable sources.

Democrats' number three is urging president obama to veto any short-term fix and raise the debt limit himself by invoking the 14th amendment. what's the white house' position? >> reporter: well, this is an idea that's been bandied about for quite some time that 14th amendment option. white house officials this morning telling me they still don't think it's a viable option. the president addressed this issue head on in fact last week during a town hall meeting at the university of maryland when he said, look, we've consulted with council here and they say we just don't think it's a winning argu...

Public. it's a bad deal, frankly, for all of those who rely on government functioning well. so that what i hope to see is for some of the republican party to come to their senses and reelize they cannot survive as the party of no and start saying yes to reasonable compromise that will solve this immediate problem and, yes, we'll deal with the long-term problem of debt and deficit in the coming weeks and months. >> congressman, what about the 14th amendment for the president? i don't mean to put the cart before the horse, but there have been a number of democrats who spoken on record saying tha...