latest work as a peacemaker. will he win a nobel prize for it? peacemaker. will he win a nobel prize for it? the statue of liberty? the grand canyon? it s all possible ith a hoveround., tom: hi i m tom kruse, inventor rand founder of hoveround., when we say you re free to see the world, we mean it. call today and get a free overound information kit, that includes a video and full color brochure. dennis celorie: it s by far the best chair i ve ever owned. terri: last year, 9 out of 10 people got their hoveround for little or no money. jim plunkitt: no cost. absolutely no cost to me. breaking news.when you call today, we ll include a free hoveround collapsible grabber with the purchase of your power chair. it reaches, it grabs, it s collapsible and it s portable. it goes wherever you go. get it free while supplies last. call the number on your screen to get your free video, brochure and your free hoveround collapsible grabber. call the number on your screen.
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is this tiny sign, auction room. hard to believe but what happens inside this room is the difference between the government operating for another day or turning the lights out. this is how we finance the u.s. government where it happens. reporter: right here in this room? right here. reporter: assistant treasury secretary mary miller the most powerful woman you never heard of. three times a year she supervises auctions finding out if the world is willing to loan the government more by buying ious, treasury bonds. this auction will last 90 minutes and bring in $28 billion, enough to fund the entire federal government, everything from the pentagon to social security checks for a little less than three days. the official auction room calculator. does it have enough digits? probably not for what we are doing today. reporter: through this room, china has become our biggest foreign creditor, loaning us $1.2 trillion, followed by japan and the uk. only 3% has been sold so far.
and there s less than an hour left. 2/3 of the loans come from americans. still betting the u.s. government is a sound investment. does it get nerve-racking at all? no. reporter: no? group of professionals. reporter: miller says if congress doesn t raise the federal debt ceiling by early august the people here might as well leave and lock the door triggering an unthinkable economic crisis. you are not bluffing? not bluffing. reporter: the computers turn off some time around august 2nd. we will not have room to increase our borrowing after that date, that s correct. reporter: while we watch the clock tick down. everybody is in. all the big boys are in. reporter: all of the ious are snapped up with time to spare. you did it. reporter: yes. you sold $28 billion in treasury bonds. yes, we just did. reporter: we are still considered a good bet. but for how much longer. jonathan karl, abc news, washington. boy, what a way to start the day. not surprisingly t
hoveround power chair? the statue of liberty? the grand canyon? it s all possible ith a hoveround., tom: hi i m tom kruse, inventor rand founder of hoveround., when we say you re free to see the world, we mean it. call today and get a free overound information kit, that includes a video and full color brochure. dennis celorie: it s by far the best chair i ve ever owned. terri: last year, 9 out of 10 people got their hoveround for little or no money. jim plunkitt: no cost. absolutely no cost to me. breaking news.when you call today, we ll include a free hoveround collapsible grabber with the purchase of your power chair. it reaches, it grabs, it s collapsible and it s portable. it goes wherever you go. get it free while supplies last. call the number on your screen to get your free video, brochure and your free hoveround collapsible grabber.