talk about, shut down the government, but if america defaults or it doesn t pay its bills, there s no shutting down the government, we are just a, you know, in financial peril? right, and there is an extreme part of that republican party, the extremism, but that part of it does not see the negative in pushing us completely to the brink and trying to rank as much out of the country as possible. so, that s what we have to worry about. charles blow, former congressman david jolly, and danielle moodie, thank you all for such a spirited conversation today. now, the rest of y all, the people, don t go anywhere. we ll be right back. (bridget vo) with thyroid eye disease. i hid from the camera. and i wanted to hide from the world. for years, i thought my t.e.d was beyond help. .but then i asked my doctor about tepezza. (vo) tepezza is the only medicine that treats t.e.d. at the source
be incomfortable and distant at times it is not going to work properly but it is essential top british foreign policy and sometimes that means you take a hit but sometimes you can cash in, and i think today borisjohnson will feel think today boris johnson will feel he has cashed in. he said on the way over that he wasn t going to raise the issue of the trade deal becausejoe, he said, has a lot of fish to fry. that is an understatement, we are myopic here in the uk but when you look atjoe biden s domestic agenda in congress at the moment, he has a vote on the infrastructure bill coming up on monday, that is in peril because they can t get an agreement on the budget deal, the bigger budget deal and then there is an argument about the debt ceiling which might mean america defaults on debts. there isn t the band width in washington for any trail deal. i isn t the band width in washington for any trail deal. for any trail deal. i think that is riiht. i for any trail deal. i think that is r
of the house. and the money lead. what s the worst case scenario if america defaults on its financial obligations? should you go out and red box mad max to prepare? ido more with less with buless energy. hp is helping ups do just that. soon, the world s most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they ll provide the same benefit to the environment as over 60,000 trees. that s a trend we can all get behind.
weekend might be falling apart. monday could be very hairy in the markets if this dealmaking over the weekend doesn t seem to bear any fruit. it s difficult to predict when exactly wall street will start to totally panic. but you can guarantee they will at some point as we get closer. let s talk about the debt deniers as luke dubbed them. a column in the daily caller makes the case that not raising the ceiling doesn t niecely mean that america defaults. quote, if republicans refuse to raise the debt limit when the government has reached its borrowing limit, congress will simply be forced to live within its means by rerouting current spending to previously accrued debt. are fears of a default unfounded at all? reporter: no, fears of a default are not unfounded. that is true. but there s a couple of layers of nuance and complexity to that. a lot of times you hear the question of default on the debt or default on obligations. those two terms get smooshed together in this.
several things president but eblgs like i believe a default is a default and that s not good for the united states of america. break it down for us. what happens if america defaults on its debt obligations? right. well,o joe, as you know, nobody knows what will happen because our country has never defaulted. so, the risks are very, very high. and you hear that from across the, you know, economic community. what happens, first of all, is that if the united states doesn t going pay its bills and i mean any of its bills, you do begin to undermine the full faith and credit of the united states. specifically what begins to happen is that the treasury can no longer meet its payments and that means, you know, folks on social security or folks providing medicare service or our troops in the field don t get paid. and ultimately you put the whole full faith and credit of the united states in jeopardy.