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People who are in the financial sector do. default means you're not paying your credit obligations in the financial sector. the president uses it to say, we're not paying all the things that we want to spend money on. that's his deflection of default. >> stand by. that's an argument i've heard a lot of. kayla tausche, i want to bring you back in. we've heard from congressmen who have said that. is that true? >> under the 14th amendment the president does have the right to ask the federal reverse to print more money to pay for that interest payment that comes due on october 31st. some are sayin...

Then i think every democrat will vote to make sure that the involvement doesn't default on its debt. then when we get those two critically important issues so that the whole country is not roiled by those, sit down at the table and rationally discuss what our bipartisan plans that are on the table to get us to a fiscally sustainable big deal, this country ought to do that. i'm for doing that. democrats are prepared to sit down and republicans say they're prepared to sit down. let's do it. >> minority whip steny hoyer. great to have you on the program, sir. thank you. >> thank you. >> so, matt,...

Ceiling and that becomes one big fiscal fight? >> it's a sign that we are very concerned about the possibility that republicans in the house will employ the same unfortunate tactics when it comes to their fundamental responsibility to raise the debt ceiling and make sure the united states doesn't default, as they have employed in shutting down the government. and as the president said today, there are many negative consequences of shutting down the government and he talked about them. our businesses suffer, hundreds of thousands of workers live with uncertainty, as to whether or not or when th...

Getting push-back and may have to give a bit. >> it looks like he's going to get the votes but with a big caveat. the president has saying he wants a clean vote which means nothing else added, just raise the debt ceiling so the u.s. doesn't default. but republicans have been pushing for it to be coupled with more spending cuts. white house has repeatedly rejected that until essentially this weekend when secretary geithner was on the sunday talk shows acknowledging, yeah, we'll have to give a little bit to the republicans. i think that's again one of the reasons liberals have been so nervous. s...

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