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Go forward with the bipartisan bill? but the debt limit deniers crowd, if the markets go down and you see these reports coming out from goldman sachs which is very much on the right side of things in terms of political ideology, that the gdp of the united states could lose four percentage points if you had a default, that resonates with a lot of folks on capitol hill who use their brain frequently. >> luke russert, plainspoken as always, sir. thank you for your time on a saturday afternoon. i want to bring in eamon javers. he covers the market and politics for cnbc. simply, what happens if the...

Now, whatever deal comes out of the senate, most likely will be bipartisan. should pass by a wide margin. but house republicans are going to hate it because they're going to say they were kept out of the deal. then john boehner has a decision. he can put it on the floor or try and offer something at the last minute. but then where it ends, we don't know. all we know is it's on reid and mcconnell's shoulders and the white house is being kept informed of every last detail, we're being told as well. >> i think the thesis there is, where it ends, we don't know? luke, we'll come back to you later i...

Weekend might be falling apart. monday could be very hairy in the markets if this dealmaking over the weekend doesn't seem to bear any fruit. it's difficult to predict when exactly wall street will start to totally panic. but you can guarantee they will at some point as we get closer. >> let's talk about the debt deniers as luke dubbed them. a column in "the daily caller" makes the case that not raising the ceiling doesn't niecely mean that america defaults. quote, if republicans refuse to raise the debt limit when the government has reached its borrowing limit, congress will simply be forced ...

That faces our future. >> why not open the government and do that? why not open the government and have that conversation? >> past experience has shown us without any doubt that the only way to get those in the united states congress and the white house who are financially irresponsible and pay attention is to do so in this kind of mechanism. i don't like it. continuing resolution adversely affected our economy. not raising the debt ceiling is going to have an adverse effect on our economy. this is going to destroy our nation. >> how real is the threat of default? >> totally within the discret...

Bills and we need to do that before we have any agreement on what goes after that. this is not a concession. this is basically doing our jobs. this is what we're supposed to do. default is four days away. and i say again, i'm grateful and thankful senator mcconnell reached out to me. i was happy to do that. i had a piece of legislation on the floor today to extend the debt ceiling for a year. it's hard for me to comprehend, but every republican voted against this. this was a motion to proceed to the measure so that we could debate it. if they had allowed us to invoke cloture on this, we would ...