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Will decide if they should question tim gitner d rrkr dip m under oath. >> the journalist who first broke this story, james, great to see you again. >> good to be here. >> this is turning into a mess for the obama administration, they don't like this lawsuit and this judge is giving it a very big green light. what's the crux of what he's just done? >> that's right. the judge is definitely taking the pay back defense very seriously on the part of s&p and what he's given them is the ability to get documents, not just showing why the targeted them but also why it didn't sue these other rating age...

Will decide if they should question tim gitner d rrkr dip m under oath. >> the journalist who first broke this story, james, great to see you again. >> good to be here. >> this is turning into a mess for the obama administration, they don't like this lawsuit and this judge is giving it a very big green light. what's the crux of what he's just done? >> that's right. the judge is definitely taking the pay back defense very seriously on the part of s&p and what he's given them is the ability to get documents, not just showing why the government targeted them but also why it didn't sue these other...

We don't pay it, it's going to absolutely rock the world's financial system, because this has never happened before. no one has ever conceived of america not paying its bills. >> according to treasury secretary tim gitner current maneuvers can get us to august 2nd. >> shepard: soon we have to raise the debt limit or figure out how to reduce the borrowing. >> the battle on capitol hill is whether there will be a clean vote. many voting on whether to raise the debt ceiling things attached like spending cuts. take a listen to both sides. >> so are you going to say to either side, republican or de...