christine lagard takes over today as the head of the imf. interesting, fascinating, dinner table controversy for sure. what s fascinating about it? there s arguments on both sides. schwarzenegger and weiner, these stories you couldn t write. if you wanted to create fiction about politicians. it s pig it s easy it s worse than the fiction that you would write, these stories. your point is well taken. a real tolerance for the nonsense in france. absolutely. whereas it s not. maybe we overdid it. you read the coverage of this story, it may mark a shift in how much this type of behavior is accepted in france. it is accepted. they re attacking the new york post and new york daily news. interesting. the silvio berlusconi story shows approval. his rating among women in italy is down 28 pact. he s a pig.
yes, sir. bill: miles apart, trillions of dollars apart today and we re going to see this play out. here s heather on this. heather: and more on this throughout the morning. nasty consequences for americans in the entire global economy, those twog from christine lagard, she had this to say about the u.s. debt. i can t imagine for a second that the united states would default, but clearly, this issue of the debt ceiling has to be resolved, as otherwise, there would be a hike in interest rates, there would be a much heavier burden to be borne by, you know, all the u.s. taxpayers at the end of the day. la garde adds if just fails to raise the borrowing limit it would cause prices to fall,by bill here is what we believe we re up against now. the treasury department expecting the nation to hit the default on its bills come august 2nd, unless the debt limit is raised.