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Mean that we are going to have to pay more in order to make those sort of capital expenditures. at least in the short-term, if the more moderate and fiscally reasonable voices in the republican party aren't able toe merge out of this debate. >> whatever comes out of it, it seems that default will be averted. that there's enough people -- >> i hope so. >> the leadership is trying to come up with a way to get anything passed. there'll be a lot of budget cuts. another $1 trillion in budget cuts. obviously, you don't know the details of what those cuts are going to be, but it's going to have some ...

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But included in it, to get any revenue increases ever, you would need a super majority. that might not fly. meanwhile, leaders are on the same page in other aspects of this, saying privately what the white house is saying publicly, that default would be a disaster. >> notwithstanding the voices of a few who are willing to play with armageddon, responsible leaders in washington are not. the president referred to it as an armageddon. >> there will be a fringe that believes that playing with armageddon is a good idea, but i don't think that's where majority will be. >> and we know republican lead...

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Latest updates on this topic from reliable sources.