Page 11 - Debt Ceiling Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Threaten default. and of course, the -- while we're having all of this, unemployment is still -- still an intractable problem that is not being addressed. so if you can stipulate all of that, i see for all of this lunacy, there is slight progress, you saw it in -- >> wait, i just heard them, they sounded nutty. >> again, stipulating it is all lunacy, what i'm about to say is not all that dramatic or hopeful, but it is something? they're talking about the government shutdown in the continuing resolution. i'm hearing them talk about making the stand and the continuing resolution, rather than the...

They just held the president up over it and got away with it. theying in is what they get to do every time the debt ceiling comes up. that's the backdrop for what's happening right now. this morning, we're entering the fifth day the first government shutdown in nearly 18 years. it happened because john boehner's house republicans kept taking, kept passing measures that would fund the government and attaching to them provisions that would gut president obama's signature achievement, it's the health care law. obama called their bluff so here we are. there is another dead lean coming up. it's com...

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I think that what we had was, we managed this week to avoid a debt ceiling default, but i think the markets saw over the course of the last three months and month particularly the last three week as political default on the part of both parties, and they're reacting to a lot of thing. obviously, a lot of economic data in europe. bad economic data here, but also to this notion, as you put it, a clinch, a political default, that there is no -- that the government and the united states now is incapability of doing anything ksignificanty avoiding the worst possible catastrophe. the market is react...

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