president is risking default by not having a conversation with us. >> we're not going to negotiate under the threat of economic they talk about what the government is cutting in this shutdown. guess how much it is running in catastrophe that economists and this shutdown? ceos increasingly warn would result if congress chose to byron doing some digging and default on america's apparently a lot more than we think is still up and running. obligations. >> neil: when you use words like >> sure is. default and that -- talk about the bottom line is 83% of federal expenditures are still tantrums and scaring markets. flowing out completely our market watchers on the uninterrupted today, meaning 17% impact of this rhetoric. of federal expenditures, the is the market relaying its ones that have been stopped in the shutdown. concern? when we talk about a government this is festering into something? >> we're seeing a little bit of shutdown, everybody knows the entire government is not shut a correction here. down. the mandatory spending, social so far it's not as sinister as security, medicare, that kind of august, 2011. one reason is the background stuff is still going, and then conditions are much improved right as the shutdown started the house and senate passed and relative to then. not the least being the president obama very quickly signed a bill pay the military. condition of the debt crisis, not just uniform but also the fed is still adding to the balance sheet, economic numbers civilian defense employees, plus are better. i think what we're experiencing some contractors. and about that time a member of with the markets so far congress said to me, the relatively tame reaction is military bill covers a huge part maybe -- i don't know --