were clearly concerned that this vote could have very real repercussions. >> well, that cut both ways. some republicans were suggesting that this vote will send a desirable signal to american creditors. >> i think what we are saying, actually, to the bond marks, the people who buy our debt, that u.s. national debt is that we are going to make some major changes. i think it's actually going to give them some reassurance because it's going to say, hey, look. we're not just going to adding to the debt without actually cutting spending. >> we expect this vote to be completed within about a minute or two, shep. we are keeping our eyes on the house floor. >> shepard: we will watch it and bring it to you live. let's get to the white house thousand. mike emanuel is there what's the president's word on all of, this mike. >> it was interesting this afternoon, shep. because the house called for straight up or down vote. don't play games with the debt limit and the good faith of the united states government. they realized they were in a bit of a political gotcha today and jay carney the white house spokesman said it's fine and it's an expression of a