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robert, i'll begin with you because i want to go first to that digging in one. the hill reports speaker john boehner has told fellow republicans he is absolutely done negotiating one-on-one with the president. at the same time, the president says no compromise. what kind of bargaining chips do republicans have at this point? >> oh, my goodness, alex, they have a huge bargaining chip coming up, and that's called the debt ceiling. congress racks up the bills, and congress has to pay those bills. we had this fight last year. we saw a huge, huge who was going to blink first, and obviously president obama blinked. this time around the republicans, i would assume, will most likely try to use that chit again and say, look, mr. president, look american people, let's have a philosophical conversation here about our debt and how much we really can afford. >> doug, same question to you relative to the democrats. what kind of bargaining chips do they have right now? >> i don't see the president backing down on the debt ceiling. it's something that has to be dealt with. we have to meet our obligations.

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