he then referred from podium that white house officials would be briefing in detail. bill: at least one white house official says all this could lead to a depression. fox business network stuart varney joins us. reporter: dan fiv dan pfeiffer i that was a scare tactic. bill: he continues one that could potentially put is towards a depression because the house republicans led by speaker boehner are unwilling to compromise one inch. that word defor example scares the heck out of anyone. reporter: he s talking about a default if we do not pay the government check. if the government check bounces.