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Bills and risk default. >> the public posturing continued into the night last night. but now as congress prepares to work through the weekend and those backroom negotiations continue at a furious pace. >> despite this bipartisan support for the deal, it's a deal nobody wants to take credit for. >> reporter: president obama today didn't praise the deal, only expressed relief. >> all eyes will be on the stock market tomorrow, after the s&p's announcement friday night of the unprecedented downgrade of america's credit rating. >> stocks plummeted overnight in asia, europe is following suit this mo...

Conversation was somewhat similar to what we're discussing about reagan. i mean, he did use tax increases. they were called fees in massachusetts to help close the budget loophole. that is,, you know -- and that's caused him a lot of problems with his conservative base and it's something he's generally shied away from talking about, because like every other republican on the stage, he's said he wouldn't vote for a debt ceiling increase that was 10 to one spending cuts versus tax hikes. yes, the evolution has happened. it's not been since '94 to now, it's been since 2000 to now. >> and bruce, t...