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Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Republican senators john cornyn said in the houston chronicle. the op-ed, it may be necessary to parnl partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plow along the path of greece, italy, and spain. making a comparison to the beleaguered countries in europe. do you think we could see a shutdown? >> i don't think so. republicans want spending cuts to happen, but newt gingrich said yesterday and a lot of other republicans will say this eventually. called it a dead loser. no one wants to see the country default. they might be push...

We need to be about seeing -- about fixing that or at least limiting the pain that the country going to have now so we can fix it later. >> greta: how is it different from for instance senator mcconnell got criticism, he wanted to do a three stage process kicking the can down the road is the phrase that has been used. the gang of six is not a fix it postpones -- >> but it is totally different than what senator mcconnell wants to do. he wants to give the spending increases and allow the president with a third of each body, to control that. and that is an answer if that's what we have to get do ...

If that's the only option we have. we can't let the country default. i don't think we would default particularly. but the politics around that are big. but this is significant. 3.7 trillion is well over 40% of the way you have to get there to solve our problems. the fact that you can do that in a bipartisan way shows the american people there is some common sense up here there is some ability to give-and-take and starts us down the road. the other side of your question is what would keep us from not changing that? we have to change it. this is just 40% of the way. we have to get the other 60%....