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here is the current u.s. debt ceiling. it 14i$14.3 trillion. we hit it in may. if they don t comeup with a dee. they have a scheduled meeting in about five hours. listen to how far republicans, other republicans and democrats are. this is from anderson cooper 360 late last night. first majority whip steny hoyer. even within their own party, it is deeply divided party, divided against their leadership, angry at their leadership, and a party that has divided itself, has difficulty working with the president and with us and that s unfortunate and the country is the poorer for it. i don t buy this notion of e default. to me that s a false choice. default means you can t service your debt, you can t pay off your debt, anderson, and there s plenty of government revenues to do that. one of the things that s been harmful in this debate is there s been this obsession with august 2nd, august 2nd. we need to get this right. we need a balanced budget amendment. if it takes us a few

U s debt ceiling4 3 trillion14 3 trillionLast nightAnderson cooper 360Tea partySteny hoyerMajority whipU sGovernment revenuesAnderson cooperBalanced budget amendmentAugust 2ndHasn tCredit suisseDoesn t sound too wired