A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address the underlying problems underlying problems that got us are so we can avoid it. Having said that, there is no circumstances under which we should ever tolerate choosing, willfully, to make sure that a missed payment would include a missed payment on the Treasury Security. Processing because of uniquely Important Role the treasury securities play. I was disappointed that the treasury secretary in
There has been a minority that is held up the ability to go to a budget conference. Quite frankly, the majority needs to speak at some point. Im not talking about democrats or republicans. Im talking about a majority in this body that needs to speak to stop this kind of craziness. Lets get down to real life. Agriculture is pretty big and oklahoma pretty big in oklahoma. Operating loans are a pretty ommon thing. If we default, can you tell me what the impact will be on somebody going to get a oan . We still have to beat. Hopefully the lending will be available in the borrowing will be available. Any time there is the chill, the panic of uncertainty, there is a pullback. There will be a pullback. We will all scramble around to try to do the best we can to find quality borrowers and quality lenders. You will have commercial ctivity. In the act particularly, as you well know, there is a real linkage between what happens in washington and what happens on your farm or ranch. We have to be se
We will negotiate with you about anything. Would you accept a shortterm deal . We are going to look at anything they send us. Meeting,ng out of this they have changed on how much time they want on the debt limit. Lets just wait and see. We will just wait and see. They cannot decide what they want. Up until now, there has been a very clear position which is, we need a clean cr. We need to open the government before we engage in negotiations. To negotiateant before you reopen the government. Not going to happen. Are we closer to a solution now with this . Bysenator harry reid joined his fellow Senate Democrats Chuck Schumer of new york, dick durbin of illinois, patty murray of Washington State speaking to reporters following their meeting with the president. Tomorrow, the president has his final session with members of congress. Senate republicans will be at the white house. We are rejoined by Carrie Budoff brown who is following all of this as senior White House Reporter for political p
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