middle ground will be found? i think that i think we had find mid many ground. we we are not going to go forever without a budget. we are not going to let in my view. we are not going to let the default occur. i think what s going to happen here, miele is that the two will get wrapped together. the shutdown and the default prospect coming in october 17. i think they get rolled together. that would mean that would mean that the government shutdown lasts at least through the 17th. at east that s right. that s not the end of the world. we know that. we can survive that. we had long shutdowns before. this will be longer than most. we can survive it. it is not something to be applauded. but i do think that the ingredients for a resolution are taking shape here. and after all, a lot of democrats want that tax on medical devices removed. i think a lot of democrats agree
our debt. we can t have any kind of meaningful negotiations under the cloud of potential default, the first in u.s. history. the runs who are willing to default on paying america s debts. threats and willingness to default. they would push the button, throw america into default for the first time in history, and risk throwing us back into a recession. neil: a quick update here. you don t default with a government shutdown. you default if you don t make good on interest payments, we have market watcher dave many here to explain. well, neil, there s something called con nation going on here, which is the act of intentionally confusing two different issues for purposes of making a point. the point is that the democrats want people to think that we have a full, faith and credit issue going on here in this government shutdown thing. in fact the shutdown, which is
tuesday. roid, one of the hurdles the government shuts down tuesday if no budget is passed. number two, the debt ceiling if not raised by mid month, we could default as early as october 17th. here s what the president said about that. some republicans have suggested that unless i agree to an even longer list of demands, not just gutting the health care law but cuttingtachs for millionaires or rolling back rules on big banks and polluters or other pet projects that they d like to see, that they would push the button, throw america into default for the first time in history. in terms of history, reid, has this ever happened before where the house has held the debt ceiling limit hostage like this? yeah, it did the last time we were having this debate over the debt ceiling just a little while ago. this is i feel like this is we re talking about the a, minor
not just gutting the health care law but cutting taxes for millionaires or rolling back big banks, polluters or other pet projects they would like to see, that they would push the button, throw america into default for the first time in history. so the list of demands from republicans on the debt ceiling and the shut down, what do they want? the first investigation of the house debt ceiling bill had an array of conservative goodies. one-year delay of owe many about ma care. approval of the pipeline, expedite tax reform, rolling back some provisions in the dodd/frank law. it didn t get support among the house republican conference. we were supposed top vote on that sometime today, maybe even yesterday. sort of to allow house leadership to show, look, the health care issue, we can litigate that fight in the debt
couple of years, that they would push the button, throw america into default for the first time in history, and risk throwing us back into recession. now i am willing to work with anybody who wants to have a serious conversation can about our fiscal future. i ve demonstrated that with tax and entitlement programs that would bring down our long-term deficits. i have said in the past and will continue to say i m willing to make a whole bunch of tough decisions, ones that may not be entirely welcomed by own party. we re not going to do this under the threat of blowing up the entire economy. i will not negotiate over congress responsibility to pay the bills that have already been racked up. voting for the treasury to pay america s bills is not a concession to me.