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Therefore, that he's ruling out work arounds that don't require congressional approval? that basically, you know, the ideas of using the 14th amendment is out? >> no. the president has been very clear. the white house has been clear. the president publicly and privately has been very clear. no on the 14th amendment. he doesn't believe he really does have the authority to use it. and then, you know, i was very happy to see other the weekend the treasury finally say something about this silly trill dollar coin nonsense that the platinum coin isn't a viable option either. the president revived th...

Let me tell you what's at stake. >> look, speak are boehner and we are not prepared to leave the leader mcconnell both have put economy of the united states and revenues on the table. the savings of americans, the >> let's just understand. savings of investors, vulnerable everybody in washington says revenues. to periodic threats by there's increasing your tax republicans to default on the rates and there's finding other ways to raise tax revenue. and the distinction is american credit. >> democrats have made the same important, because what threats in the past, have they republicans object to...

Your point of view? >> this is very important, and let me tell you what's at stake. we are not prepared to leave the economy of the united states and the savings of americans, the savings of investors, vulnerable to periodic threats by republicans to default on the american credit. >> democrats have made the same threats in the past, have they not, including the president? >> there's no precedent in the many decades of history of this, of what the republicans tried to do in the summer of 2011. you saw how damaging that was. we're not prepared to go through that again. but we made a very sensib...

Does that have to be in there in your point of view? >> this is very important, and let me tell you what's at stake. we are not prepared to leave the economy of the united states and the savings of americans, the savings of investors, vulnerable to periodic threats by republicans to default on the american credit. >> democrats have made the same threats in the past, have they not, including the president? >> there's no precedent in the many decades of history of this, of what the republicans tried to do in the summer of 2011. you saw how damaging that was. we're not prepared to go through that...