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Times square, tuesday, december 31st, 2013. From nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning. Welcome to today on a tuesday morning. Im erica hill. Savannah, al and natalie have the morning off. Did you see that sign, happy new year . Its tomorrow. But were getting ready. Good to be prepared. Carson daly getting the iron man award. Hes up early with us today. He will be hosting a big new years eve celebration this morning. Hes already there. Carson . Matt, erica, good morning. On the first im the first journalist out here. My show starts in 17 hours. But i wanted to get a jump on things. This is a tradition over 100 years odd. Times square. Its the calm before the storm. Nearly a million will be here behind us. We have a great show on nbc. Ill tell you more about it in a little bit. Youre right, today is the longest day of my year. You do that show so we ....
host: the law is on their side. guest: yes. unless they ve claim sovereign immunity, these lawsuits would be brought and once the money exist to pay them back, they will get their money back. with interest. that is what happened in 1979. how does that affect future interest rates? one art one academic paper argues there will be a permanent adverse affect from then on simply because the sense of the treasury bond as being a perfectly safe investment would be eradicated. that is the concern here. people think of it as pretty darn safe. maybe even that just a tiny bit of risk may mean higher interest rates. realistically, bondholders will be paid back eventually, even if we had a two or three month standoff. host: arizona, independent line. caller: my question is similar to previous callers, that the constitution set it up so that congress has the authority to make debt going forward for bonding. the debt that we are discussing where we possibly be in default is that tha ....
hiding in abbottabad. they apparently set up a free vaccination campaign offering free vaccinations, free polio drops of the children and residents of abbottabad where this bin laden compound was located. according to the guardian paper, he had hired two nurses. these nurses were going home to home. the plan was to find bin laden s kids, get to them and somehow extract some blood or perhaps use the syringe from one of the vaccinations and match their dna samples with samples of bin laden s sister s dna, bin laden s sister passing away last year in boston, massachusetts. we haven t been able to verify if indeed these two nurses made it into the bin laden compound. we did track down one of them several hours ago, spoke to her on the phone and she repeatedly said she can t talk about this matter. we have also talked to a number of residents of abbottabad and they tell us that indeed, just days before the bin laden raid in may, two nurses were going around house to house of ....
billion worth of social security checks are supposed to go out. they will almost certainly, definitely, go out. then on august the 15th we have to pay an interest bill of $30 billion on debt that s already outstanding. that will almost certainly be paid. and so on and so on and so on. but sooner or later somebody will not get the check that they are expecting. and that will be called a technical default. different from a mainline default, but a technical default nonetheless. martha: it sounds something like families or businesses when things get tight, and they say, okay, we absolutely have to pay this bill, we have to pay the college bill, and we ve got to pay the mortgage, okay? we re not going to pay this one, and we re going to hope we get some grace period before we figure out how to pay the debts. that s one thing that comes to mind. the other one is, why are we living like this in? why are we live anything this precarious situation in the united states of america ....
giun giunta, and you know the emotions that come with it. you know what this sergeant did to save lives. it was a summer and surrounded and he put his life on the line and that is what the soldiers do everyday. his unit was doing the most dangerous of dangers which is to conduct a daylight raid. he was shot initially in both legs and subsequently wounded by another hand grenade and lost his arm as he was throwing another hand grenade all of the while saving the lives of his fellow soldiers. some of them will be in the east room of the white house for this ceremony. i understand that sergeant j giunta will be there as well. yes, and some of my vintage around washington, d.c. and when you talk to the people from the unit, you will get teary eyed because they say that man saved my life and make you choke up. nbc nightly anchor brian williams spoke to sergeant petry and we have a little bit of brian s interview with him. let s play it. what would you like civilian ....