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Borrowing authority. america would be on the cusp of default for the first time in our history. checks go out on august 3rd. on august 4th, $87 billion of t bills mature. this is not a game that we can play. and it's not constructive or helpful for people to suggest otherwise. we know august 2nd is when we run out of borrowing authority. we have a 220-year tradition in this country of having an impeccable credit rating beyond reproach. no one should even open the door to putting that under question. >> gene, i'm about to interview jim clyburn from the house democratic leadership. he and others...

Borrowing authority. america would be on the cusp of default for the first time in our history. checks go out on august 3rd. on august 4th, $87 billion of t bills mature. this is not a game that we can play. and it's not constructive or helpful for people to suggest otherwise. we know august 2nd is when we run out of borrowing authority. we have a 220-year tradition in this country of having an impeccable credit rating beyond reproach. no one should even open the door to putting that under question. >> gene, i'm about to interview jim clyburn from the house democratic leadership. he and others...