street and what was going on in washington. we're not going to show you we're panicked because we don't believe you guys are going to take us over the cliff. if this is now the norm, why didn't the markets sort of panic earlier and show washington that they meant it? >> well, the markets didn't panic. it turns out they were right. looks like we're going to get to a deal, right? one of the reasons a deal didn't get done is they weren't sending particularly strong signals of panic. but it does look like politici n politicians keep telling us, trust us, we'll get it done. i was dumb enough to fall for it this time, and i got worried. it all happens at the last hour. somehow things have come together. >> yet, you think the damage is serious and real in the long run because this has now been established as a pattern of behavior. what does that mean? in terms of treasury bonds, in terms of chinese owning $1.3 trillion of our debt, does that make the international actors question whether they should be holding the dollar? >> it makes any question whether
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