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To put out, that there will have to be a default. do you believe the secretary of the treasury is lying? and do you have someone else who says we will not go into default? what will we pay in terms of cops against? suppose you're wrong? >> the white house is using political gainsmanship and wordsmanship. it depends on what the word default means. to most people it means you're not paying your debt obligations. and there is no way in the world that we would not have sufficient revenue to pay our creditors. now the president in his discretion in a government shut down or in a no-raise the debt c...

Everything else. so i reject your premise. >> which economist have you gone to that told you that the secretary of treasury was wrong yesterday that when he said u.s. receipts coming in go above what they have in the costs they have to put out, that there will have to be a default. do you believe the secretary of the treasury is lying? and do you have someone else who says we will not go into default? what will we pay in terms of cops against? suppose you're wrong? >> the white house is using political gainsmanship and wordsmanship. it depends on what the word default means. to most people it ...

How do you assess mitt romney's action in this situation? >> you know, the first thing you learn in events like this, first reports tend to be wrong so you don't react on first reports. it was ready, fire, aim by mitt romney. he should have waited. he should have listened. he should have taken his time. you know, this is a tragedy for the united states of america. this is an attack on sovereign u.s. soils. that's what these consulates and embassies represent. the fact that we lost our senior diplomat in libya and three other u.s. embassy personnel is awful. my heart goes out to those families,...

Mind. we made extraordinary offer. documents have been accumulated and they are there for distribution to them. we will make somebody available to brief on them and answer questions in connection to them. >> congressman cummings said that chairman eisner came in and already made up his mind. >> i have to say, given extraordinary nature of the offer that we made, given the extraordinary way we have shared material to date i think it would absolutely involve more in political gainsmanship as opposed to trying to get the information they say they want. nevertheless, we are prepared to brief on th...

To those two nations. in spain, we've seen the higher borrowing cost and the yield rising since the euro was created and that's raising concerns about what's happening there. it looks like we'll open down about 35 points. luke, i'll send it over to you. >> wow! 35 points. becky quick, thank you so much. politics or principles? they pounce on eric holder, from gun running to intel leaking, are calls for his resignation going more than political againsmanship? >> we'll ask the senator from wyoming about the new fondness of the president's health care law and first, a look ahead at the president'...