Page 5 - Potential Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Closing three points away from writ started. so you can say, the shut down no big deal. it's the debt ceiling issue and the catastrophic talk from the white house that has wall street nervous. when we hear signs in washington of potential progress, temporary debt ceiling fix, we saw the market recall y. the dow up 323 points today. that's more than 2%. ditto for the nasdaq and the s&p 500. everything is in the green today. one thing in the red is the volatility index. that is down by 14%. yesterday we hit the highest level of the year. everybody was so nervous. now they see politicians, a., ta...

They should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter: well, they're talking about plans and none of the alterna...