ceiling deadline was back in 2011, even though congress reached an agreement in time, the 11th hour decision had a lasting impact on the economy, according to the treasury department. the stock market fell 17%. household wealth declined by more than $2 trillion and retirement accounts took a major hit, falling $800 billion. so is there any chance we can avoid another risky standoff this time around? joining me now is republican representative jeb hensarling, chairman of the financial services committee. thanks so much for being here. i want to talk about the government shutdown in a minute but let s talk about the debt ceiling which i think we can all agree is probably a more dire situation, if we were going to actually default on our loans. what do you need, what do house republicans need to agree to raise the debt ceiling and pay the bills that congress already racked up. first thing we need to do is have the president sign the full faith and credit act, h.r. 807. that would do w