CNN The Situation Room October 12, 2013 22:18:00
Bills. we've never done it before. we have the world's largest economy and we'll roll the dice. so the range of responses is wide. but independent economists, independent budget experts, constitutional investors, none of them think it will be a good result. they think it will be a bad result. the question is just how bad. the expectation is that the first response will be stocks. they will get very volatile. if the situation persists, right? so if it is just one day that treasury runs into this problem, all bets are going to be off. but that might be a lot more manageable than if this goes on ...