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Government defaulting on its bills, mitch mcconnell is telling democrats not ask minorities help on raising the debt ceiling again come december. we go wilmington, delaware where the president is spending the weekend. let's beginning with daniela diaz. the next limit of the debt level fight. mcconnell sending this letter to biden. now what? >> we wait and see what happens, fred. this week was really busy especially on the senate side as the democrats navigated trying to figure out how they were going to pass a suspension or raise the debt ceiling before this october 18th deadline that treasury...

There's good news on the economy and the jobs front. the weekly jobs claim falling the most, down to 326,000 and combining the better jobless claims to the private payroll report that we had earlier this week. we're looking at solid september jobs reports tomorrow. economists are forecasting 500,000 new jobs and the rate should come down to 5.1%. >> susan li following the developments. you do begin to wonder, are the markets getting ahead of themselves. this puts this off another couple months. that's assuming that everyone okays the whole thing. chad, is the market getting ahead of itself? >>...

We're trying to restore that with a care economy but climate change was left out of the invest act and everybody recognizes the freeze that killed 150 people. here's what's important. we haven't walked away. we're walking towards a negotiation. the president needs to give us more time. the president needs to reinforce with the senate and these two senators in particular if they are representing others that they need to have a reasonable number to come to the table to be able to make sure that we have the invest act and build back. we are not talking away from either of them. we need a little b...

There isn't going to be an economic down turn. there are signs that is happening. everything from the inverted yield curve. but i think the biggest issue really is the massive amounts of uncertainty that now exist in our economy. and you layer that on top of these unsustainable debt levels which the cbo referenced yesterday in its big report that came out and we are very vulnerable. we are skating on thin ice. so any additional amounts of uncertainty or pessimism could put us in a recession. on top of the immediate risks of recession which i do think are likely to happen just because of the no...

Effective stimulus and the result would be even higher debt level. i would say on this front, we know beer going have another recession. the business cycle still exists. we should put in place a plan that you have a fiscal package in the short run that reduces the economy and tie it's to longer-term savings that kick in when the economy is strong again. if we had done that last time, we would be in better shape this time. we know politicians are unwilling to make the hard choices on the debt front the so putting them in place ahead of time might be the best hope we have. >> i have known you a ...