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He has to negotiate with the president. what he was saying last week with the debt limit, not letting the united states go over niagara on this one, he was telling his numbers you have time to negotiate but at the end, i'm going to let democrats vote, i will use democratic votes to push through a list of the debt ceiling. then he comes comes back to the president on the sunday show. the president won't sit down with him. he says look, here's the deal, i will increase the debt ceiling but you are going to give me something for it. he can make the increase very short term to keep this going and ...

>> there is one element that does not reflect the views of the republican party. what they are doing is they have hijacked the debate. >> reporter: wall street is starting to panic about the genie they have let out of the bottle. >> the narrative out of washington the last couple days seems to be that it's going to be worse than 2013. >> instant crisis if it's breached? >> in my mind. >> debt ceiling can really have catastrophic results. >> it's just like "thelma & louise." it's fine until you go off the cliff. >> reporter: the chamber of congress has told republicans to pass a budget. the bus...

Off the table. and the promise to wall street that we will always pay the interest on the debt as a priority. do you know how we do that? we bring in $260 million every month. the debt payment is about 30 billion. what's going on, the democrats are saying, we might not pay it because republicans don't want to raise the debt kraelg. that would mean you have a balanced budget. we should pay our bill and never hurt the markets. i would pass a law saying the first revenue has to go to pay interest. >> but it is still de faulting when you're defaulting on social security. >> why would you be late o...

People. if money doesn't flow in, money doesn't flow out. are you to let the debt ceiling -- >> i'll for taking it completely off the table. and the promise to wall street that we will always pay the interest on the debt as a priority. do you know how we do that? we bring in $260 million every month. the debt payment is about 30 billion. what's going on, the democrats are saying, we might not pay it because republicans don't want to raise the debt kraelg. that would mean you have a balanced budget. we should pay our bill and never hurt the markets. i would pass a law saying the first revenue h...

The chain was jammed. we were able to slide it out. >> reporter: what is going through your mind? >> where to begin? my wife and i, we have worked hard for everything we have and we just now paid off our house. we were debt-free. had no debt payment. we were supposed to go tomorrow to sign papers on land to build a new house and that house was collateral for the land purchased. so now we're in a position of which direction do we go? >> reporter: do you have a place to stay tonight? >> my daughter is flying back in from florida right now. that's her black car on top of the pile. she just got it...