60 cents on the dollar. we're in a terrible position now, steve, with interest rates at historic lows. they don't have to go up to jimmy carter levels to cripple the economy, and they could go up to 5%, 6%, and 7%. >> markets will open today lower because of all the uncertainty. this could creep up on you, and it could be just huge. >> and the white house contends there has been significant damage. an intense performance by the chief of staff on "meet the press" yesterday saying this has caused enormous damage to the u.s. >> if you look at the rating agencies and what they have said, what they said is the reason they question our economy