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Transcripts for CNN New Day 20131016 11:05:00

political brinkmannship. october 17th is not the drop dead date. there are no payments due for a couple weeks. now, the white house has a different view on that. and we may be hear something of that from president obama and treasury secretary jack lew who are scheduled to meet later today. while the white house has been inhad thing that the treasury department may go into a process they call here in washington a prioritization, picking and choosing which bills to pay. a senior administration official did tell cnn last night they are hopeful if a senate deal starts to come into shape and it appears that the house will take a loaning at it and pass it, get it to the president or if that happens in the reverse order, that perhaps they won t have to go into that process and they re hoping that the markets will remain calm during all of that unfolding. but of course, kate, there is a long way to go. we started out with a lot of hope yesterday and it didn t end

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