economists, independent economists across the board, both here in america and around the world. it would be terrible folly to play games with this. >> secretary tim get near spoke to congress earlier this month telling them the first deadline is scheduled for mid-may. without a deal, a default can come as early as july. while the nation tries to reduce that deficit, the white house is pushing to end billions of subsidies for oil companies. yesterday carney called the industry executives, quote, crazy. speaker boehner, by the way, also revealed he may be open to cutting some subsidies. >> everybody -- everybody wants to go after the oil companies. frankly, they've got some part of this to blame. >> would you be in favor of seeing some subsidies going to big oil at time of record profits -- >> certainly something we ought to be looking at. >> doing away with subsidies? >> we're at a time when the federal government is short on