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Fix and i think that's probably hard or supports either -- probably comes out in support of something like the landrieu bill in the senate. because one of those two things has to happen or exactly what the congress map said will transpire tomorrow. huge numbers of democrats will come out in support of the upton bill even if they don't believe that's what solves the problem. that's what people think will solve the problem. therefore that will create a lot of momentum to do something in the sghat. so i think the white house has to come out and do -- >> the train has left the station. there is no...

Complicated payment system in the world, the one processing millions of payments a day, trillions of dollars a year, and just rewire it on the fly to pick and choose payments to avoid default. the reality is there is no magic fix that would make breaching the debt ceiling smooth, and anyone who claims otherwise is selling you something you should not buy. joining me now is steve rattner, former treasury secretary to geithner. with michael bloomberg assets. all right, treasury has already been taking what's called extraordinary measures, right? >> correct. >> for months. is there anything they ...

Complicated payment system in the world, the one processing millions of payments a day, trillions of dollars a year, and just rewire it on the fly to pick and choose payments to avoid default. the reality is there is no magic fix that would make breaching the debt ceiling smooth, and anyone who claims otherwise is selling you something you should not buy. joining me now is steve rattner, former treasury secretary to geithn geithner. with michael bloomberg assets. all right, treasury has already been taking what's called extraordinary measures, right? >> correct. >> for months. is there anythin...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.