Keith Mcculley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Obama care complicates it. the speaker is clear to his members that he does not want this to happen on his watch. >> keith, how does it play out for our 401(k) and savings and the nest egg here? congress has a lot of room to mess things up. is that a great year in stocks? the third quarter was very good. the fourth quarter just started. what could happen here? >> the stock market side, of course, there is a risk. there is all this brinksmanship. i agree with john and the bond market. the bond market, christine, does not believe the government will default on its debt. the bond market hasn't mo...

They will pay our creditors no matter what. they will not have that. we are not some banana republican. this is not a country that doesn't pay its bills. keith and john, thanks so much. treasury secretary jack lew saying not raising the debt ceiling is a can tatastrophe. donor fatigue alert. >> what do you get for shelling out of $6,000 for a smartphone? a diamond phone and the phone by costs ten times more than the iphone 5s. apple climbed to number one

Never go into default. if you look at our poll, a majority of republicans, 52%, say they are okay with not raising the debt ceiling. politicians, republican politicians have focused on the government spending more than it takes in for so long that many people equate that wrongly. >> i want to bring in keith mcculley. we turn to him. keith, the big bank ceos and the president singing the same song. he called them fat cat bankers. >> there is a precedent for a government shutdown. there is no precedent for defau default. payments have to go out to people. if money doesn't flow in, then money doe...

>> remember the fiscal cliff? the majority of tax hikes were avoided at the last minute. then the president changed his tone. >> consequences for the economy would be catastrophic. we fought back from the worst economic crisis in our lifetimes. >> as washington shheaded to a shutdown, fatigue. >> as i said at 2:30 yesterday, i will stand against obama care as long as i'm able to stand. >> frustration. >> we have a great country, a strong economy, a terrific society. all we can do is erode trust and confidence in our government. we should be ashamed. >> where was the fear? >> the sena...

0 worse. >> all right. >> here is the president's message. >> trying to find the camera there. >> i'm here. the president's message falling on deaf ears in washington. "your money" with christine romans starts now. see you at the top of the hour. your government shutdown as of tuesday. is this short-term stupidity or long-term destruction? i'm christine romans. this is "your money." flashback to 2011, lawmakers warn of political doom. >> this could drive unemployment rates higher. >> the first downgrade of u.s. credit in history. fear of what was next. then effort to avert future crisis mome...