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Just pay bondholders, just pay people who have bought treasury bills, that we really won't be in default because those interest payments will be made. to them what i have to remind them is we've got a lot of other obligations, not just people who pay treasury bills. we've got senior citizens who are counting on their social security check arriving on time. we have veterans who are disabled who are counting on their benefits. we have companies who are doing business for our government and for our military that have payrolls that they have to meet. if they do not get paid on time, they may have ...

I should have been there. but i can tell you because i had to apologize to the host countries that they understood that the most important thing i can do for them and most important thing i can do for bilateral relationship in america's reputation is making sure we reopen our government and don't default. so i don't think it's going to be lasting damage. as i said, if we deal with this the way we should, then you know, folks around the world will attribute this to the usual messy process of american democracy. but it doesn't do lasting damage. in the short term, i'll characterize it as missed ...

Of business. and there's no reason why if, in fact, republicans are serious about wanting to negotiate, wanting to have a conversation, wanting to talk, there's to reason why you have to have that threat looming over the conversations. think about it. the only reason the republicans have held out on negotiations up until the last week or so is because they thought it was a big enough deal they would force unilateral concessions out of democrats and out of me. they said so. they basically said, you know what, the president is so responsible that if we just hold our breath and say we're going to...

Ago, markets plunged and business and consumer confidence plunged. and america's credit rating was downgraded for the first time and a decision to actually go through with it, to actually permit default, according to many ceos would be, insane, catastroph catastrophic, chaos, these are more polite words. warren buffett likened to a nuclear bomb, a weapon too horrible to use. it would undermine the world's confidence in america as the bedrock of the global economy and might permanently increase our borrowing costs. which, of course, ironically would mean it would be more expensive for us to ser...

He said he is willing to talk about some sort of process that can be attached to legislation that he would sign that would get the government back open again as long as it's clean and to raise the debt ceiling as long as it's clean and they can have those negotiations later. he also said he was open to the possibility of a short-term debt ceiling increase. he hinted at that toward the end of the news conference. that would give both sides some breathing room to negotiate in this side process. the other thing we heard the president talk about and i think we'll hear about in the days to come, th...