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months that were not within our control. but here is the thing. the question is how do we handle these challenges? do we rise to the occasion? do we pull together? do we make smart decisions? and what has been happening over the last six months and a little bit longer than that if we are honest with ourselves is that we have a political culture that doesn't seem willing to make the tough choices to move america forward. we have a willingness to play partisan games and engage in brinkmanship, that not only costs us in terms of the economy now but also is going to place a burden on fut...

honest with ourselves is that we have a political culture that doesn't seem willing to make the tough choices to move america forward. we have a willingness to play partisan games and engage in brinkmanship, that not only costs us in terms of the economy now but also is going to place a burden on future generations. and the question is, can we break out of that pattern? can we break out of that pattern? think about it. we just went through this debacle with the debt ceiling, an entirely self inflicted wound. it wasn't something that was necessary. we had put forward a plan that would...

has used every tool in its box to keep credit flowing and interest rates low in the wake of the great recession. at 2:15 eastern, a little over an hour from now, the fed will tell us what if anything it plans to do in the wake of the downgrade, the debt snafu, the european debt snafu and the global stock freak-outs. in the meantime, i want to bring in richard quest, just outside the new york stock exchange, and christine romans in our new york studios. i would like to start with you. we just mentioned that the fed is going to speak here or at least issue a statement at about 2:15 tod...

a meaningful handle on the deficits and the debt. now comes of course the federal reserve. we have ben bernanke here, which has used every tool in its box to keep credit flowing and interest rates low in the wake of the great recession. at 2:15 eastern, a little over an hour from now, the fed will tell us what if anything it plans to do in the wake of the downgrade, the debt snafu, the european debt snafu and the global stock freak-outs. in the meantime, i want to bring in richard quest, just outside the new york stock exchange, and christine romans in our new york studios. i would l...