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Manage to somehow out bluff each other and go past the deadline. >> reporter: the world watching, too. calling d.c.'s game of chicken, lunacy, chaos, the international monetary chief warning it could cause a massive problem the world over and recession. >> reporter: you didn't think it was going to get this bad. >> not this far. >> reporter: it has. without a deal this week, experts warn of a domino effect, the dow plunges 500, 600 points. higher interest rates, more expensive mortgages and car loans, consumers spending less, leading to job loss. >> my greatest fear is small businesses like th...

Wall street signaled the end of what turned out to be a positive day. initially stocks sank but signs that a deal maybe closer at hand to avoid government default helped turn around financial markets. financial experts say no agreement would bring big problems. >> i think it will trigger a chain reaction in financial markets that is extremely unpredictable. nobody knows what will happen if you suddenly have to call into question the viability of treasury securities. >> reporter: the two-week government shutdown has already cost the u.s. more than $100 million a day. economists say not raising ...

From hiring people. >> wow, wow. >> and taxes rate-- >> you guys, stop talking like you raise the, you need to raise my taxes. >> jonas. >> and this is one to raise. and when you come up with a tax, less damage to the economy. >> you know the biggest problem with the tax aside from the fact it's going to destroy the consumer and people are struggling. >> brenda: hold on. >> and fill up the tank, the big problem is we don't even know what it is yet. there's 328 billion dollars in the budget, and we're not even sure it's a gas tax. >> show me a-- >> less damage in the economy. >> one tax increas...

Jonas max ferris, eric biology along with strategist. okay, this is a line in the president's original budget worrying drivers. raising 328 billion in revenue for a bipartisan transportation trust fund. eric, you say that's code for racing the gas tax and that's a pain in the tax for consumers. >> exactly, bottom line that will go to the driver. there's no end around on it. 328 billion dollars sucked out of the consumer spending, right out of the economy, it's a terrible idea. we're already paying 18.4 cents a gallon federal. and states anyway between 15 and 40 cents additional gallon in taxes...

Inefficiency. it's not-- >> we are our government. what is wrong with-- >> and please. >> it support our government. >> brenda: malia, let gary b finish, please. go ahead. >> thank you. if any federal government, they spend money inefficiently. if you want to rebuild the roads, do it with tolls and stuff like that, that's the most administration. not with the administration spending money on the bridges to nowhere. that gets us nowhere. >> even the economic issues we can argue one side, the issue that's not arguable, this is buried in some nebulous corner of the world and 328 billion dollars i...