0 for watching "new day." we now gift you carol costello with cnn newsroom. take it away. >> it's like a christmas present. thank you. have a great day. "newsroom" starts right now. happening now -- >> shuouldn't be embarrassed about this? shouldn't we be ashamed? appalling. frightening. >> families of troops killed in battle denied their benefits because of the government shutdown. >> the list goes on and on of people of innocent americans who have fallen victim to their reality that we can't sit down and talk like grownups and address this issue. >> plus, an illegal work stoppage. >> i want to follow the rules. that's all. >> the keys are in their hands. if they honor this contract, we will be driving tomorrow. >> drivers of boston school buses off the jobs angry over a gps app that tracks driving, leaving families trapped in the middle. >> it's a great thing. >> late getting here because of the traffic. >> also, we're not bad parents. we didn't think nothing of it. i don't have an angel. i have a 9-year-old. >> the father of a 9-year-old who sneaked onboard a plane is speaking out calling his son a charmer but trouble. >> and kanye and kimmel g lchll to toe tonight. ♪ >> good morning, everyone. i'm carol costello. thank you so much for joining me. it is day nine of the partial government shutdown and in washington the posturing of politics may have met its match. it is the power of shame. >> today shutdown outrage, military death benefits denied to families of fallen troops. shouldn't we as a body, republican and democrat, no matter who we are, shouldn't we be embarrassed about this? shupt shouldn't we be ashamed? >> from military death benefits going ignored to needy children finding preschools closed. charities step in and our dysfunctional government gets called out. are americans finally fed up with this? well this morning there may be just a glimmer of compromise poking through the blame. president obama says he may be ready to talk. but republicans say he's really just demanding unconditional surrender. cnn's brianna keilar is at the white house this morning. good morning. >> good morning, carol. let me first tell you that we now understand house democrats will be coming to the white house this afternoon for a meeting. you have that going on. one white house official telling me not really to read too much into this. this is congressional outreach. they'll be having house republicans as well as house -- or senate republicans and senate democrats in the coming days as well. so this isn't necessarily to discuss a short term measure that we've been hearing the white house and house republicans may be open to. so at this point, this discussion isn't exactly a breakthrough. but it may be a positive development because you have both sides sort of talking about how they may be open to this. it come as politicians are really feeling a lot of pressure. day nine, the government shutdown is getting real. for families of troops killed in combat, they will not get automatic death benefits during the shutdown. $100,000 to help cover funeral costs and travel to dover air force base to witness the dignified transfer of their loved one's remains. in north carolina, food assistance for poor women and children cut off. >> furlough congress! >> reporter: and 27,000 furloughed government workers have signed up for unemployment as they go without pay. just eight days until the united states could default, president obama phoned house speaker john boehner. both sides indicating the divide is as deep as ever. >> you have to stop repeating this pattern. >> reporter: later, president obama appeared in the white house briefing room, opening the door to negotiations if republicans agree to a short term solution to reopen the government and increase the debt ceiling. >> if there's a way to solve this, it has to include reopening the government and saying america is not going to default, it's going to pay our bills. >> reporter: how long might a short term measure last? four to six weeks one gop source tells cnn. republicans may agree if the president promises to negotiate. but it's far from a breakthrough without some sort of concession like a cut in spending, a stopgap measure may not clear the house. >> the long and short of it is there is going to be a negotiation hero. we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. >> reporter: the house vote tuesday to create a congressional committee on paying the debt limit including federal employees working without pay. the obama administration threatened vetoes, a stalemate still and the clock is ticking louder and louder. now if, carol, the u.s. were to default in the middle of this month, not only would the credit standing of the u.s. be at risk, but you also have tens of billions of dollars in payments that are due come november 1st that would go unpaid and they include to social security recipients. you're talking about medicare, disability, and to active duty military. these are very real consequences that put a lot of pressure on politicians on both sides of the aisle. >> brianna keilar live at the white house this morning and speaking of consequences, the stalemate in washington is hitting wall street, too. it hurts the most. and that would be the bottom line. stocks have fallen four out of the last five days. the threat of default could mean bigger losses for investments like your 401(k). some on capitol hill are tone deaf to the consequences of refusing to raise the debt ceiling. >> the problem is we continue to kick it down and pretty soon everything is going to continue as it is until it doesn't. and when it doesn't, that's when the ka tass troe if he comes. i'd rather have a managed catastrophe now which i don't think will be there. this is what the media does. they say default equals not raising the debt ceiling. that's not true. that is not true. those are two different and distinct things. >> cnn's christine romans joins me now. i'm trying to figure out what a managed catastrophe might look like. >> a catastrophe that's been managed. look, you know, it's interesting to me that he said that, too. talking about kicking the can down the road. we've been doing this for a very, very long time. now business leaders are lobbying in a very different way in washington. they're going to congress members and saying, look, we really need to raise this debt ceiling. the economy is too fragile here to be messing around with all of this. they lived through the financial crisis, carol, once before. they don't want another one. they don't want one that looks like the great recession. listen. >> reporter: stock markets are tumbling as the debt ceiling deadline looms and the government remains partially shut down. and you may start foeeeling the reprecushions. lawmakers are talking to the country but that is it not helping ease the nation's concerns. >> we shouldn't have to get permission every come months to keep our government open or to prevent an economic catastrophe. >> reporter: as the president spoke, the selling continued. the dow dropped 159 points or 1% by tuesday's close. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. >> reporter: since the shutdown began, the dow is down 2.6% and with no solution in sight, america's top ceos are getting fed up. >> we're the most important economy in the world. we have a reserve currency of the world. payments have to go out to people. if money doesn't flow in, then money doesn't flow out. >> the way forward is not easy. it requires a lot of sacrifice and it requires a lot of flexibility. it requires a lot of compromise. we expect the same will happen with the political architecture. >> starbucks ceo wrote a letter asking for an end to the gridlock. he's das pointed by the level of irresponsibility and dysfunction with our elected political leadership. >> the debt ceiling debate is the biggest threat to your investments like your 401(k) and mutual funds and portfolio. >> the debt ceiling doesn't make any sense. it should be banned as a weapon. it should be like nuclear bombs, basically, too horrible to use. >> reporter: the result of the government's inaction could be tat stro catastrophic. so it's too horrible to use the debt ceiling. you heard that from senator coburn that a managed catastrophe is better than a catastrophe later. clearly, they're using this line. business leaders, ceos, so much consensus, carol that, it simply is not a good idea to not raise the debt ceiling. some economists actually saying not raising the debt ceiling is a vote for a recession in the near term. carol? >> christine romans reporting from new york this morning. despite the budget impasse, wall street did hear news they liked. president obama is expected to nominate janet yellen today to replace ben bernanke as the fed chair. she is the current vice chair of the federal reserve's board of governors and a former fed president. she will be the first ever woman to head a major central bank. we'll have special live coverage of her nomination at 3:00 p.m. eastern with wolf blitzer. and off duty undercover new york city police detective is facing charge this is morning in the violent confrontation between a group of motor cyclists and an suv. police say they have video of that undercover officer participating in the altercation but they have not released it publicly yet. the officer and another biker are expected in court later today. susan candiotti outside the courthouse with more for you. good morning. >> good morning. imagine five bikers charged so far in connection with this case. that's so far. and those five include, as you said, an off duty undercover new york police detective. now our sources are telling us that this off duty cop is seen on video, we haven't seen the video yet, but he is seen smashing the rear window of the suv. and then this is a cop who didn't just graduate from the police academy. he's a veteran. he's been with the force for many years, 32 years old. and another biker was also arrested. this one a civilian yesterday. he was charged with, and he is allegedly seen on camera, helping to pull the driver out of the car. he is seen at the driver's door. now our cnn legal analyst says that in regard to the junt cover police officer who was charged, even if he is convicted, he still could lose his job. >> as police officers, they have an obligation under nypd regulations to break their cover if they're undercover and to come to the assistance of any civilian who is in danger. and having looked at this video, clearly the civilians in that car looked like they are in danger. >> and we fully expect to see that police officer in court sometime today. the manhattan district attorney's office issuing a statement about what's been happening saying this -- the nypd and district attorney's office are methoticly scrutinizing the evidence to build a strongest possible case and our continuing effort to hold accountable those responsible. a new detail about this may have started. this is coming to us from the helmet camera biker who turned on his camera after he said he saw the sun roof of the suv open up and someone threw out a water bottle that hit one of the bikers. the biker said something could go wrong here. the suv is starting to swerve. that's when he decided to hit the record button. >> interesting. going back to the undercover police officer, i'm struggling to understand how helping this driver out could have blown his cover. >> yeah. it's hard to understand why according to our sources the officer allegedly waited three days to tell anyone about what he had seen or the incident or anything else because he was afraid to blow his cover. it's hard to understand a reason why that might have happened. now he reached out to his lawyer. we haven't heard back. the police union who represents him saying they have no comment at this time. >> susan candiotti reporting live from new york city. still to come, the tug of war between the white house and congress continues. now one former senator says it is time to reward those who actually want to build bipartisanship and punish those who don't. 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