one side is clear. one side is less so. >> chris: what do you think of the debate for balanced budget amendment to constitution? >> if republicans make that the thing they want to attack to the debt ceiling, remember this. as doug pointed out in his report it would take years to get that through the congress. and through three-quarter of the state. a lock time before it would have an effect. one would imagine they'd choose to attach something with a greater and immediate effect on the spending and debt ceiling. >> chris: thank you. >> you bet. new home sales were up 11% in march, the first increase after three months of declines. in what was the worst winter for sales in half century. stocks were mixed. dow dropped 26. s&p 500 dropped 2. nasdaq gained six. the international monetary fund says china's economy will become the big nev the world surpassing the u.s. in 2016.