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Lewis, secretary of the treasury to success he can t manage this. the treasury has lots of assets. they can go for months by juggling things. we re not going to default. that s not going to happen. even if you blow the deadline, you re not worried? no. from 1953 on under general, now president eisenhower, we have fought over the debt ceiling. for 60 years we ve done this. eisenhower wanted a debt ceiling increase, a bipartisan group of senators said no. it took him a year to get it. we gradually got better at doing it. some of the biggest changes in spending have come under the debt ceiling. i don t understand why people give credit to this idea that this is new or different or rationale for harry reid or barack obama to say i m not going to negotiate. the economy is flimsy, the markets are sensitive. we saw in 2011 with a relatively inconsequential credit move, you have the market tank 2,000 points. took some time to sustain. ....
plus, herman cain clashes with reporters again. mr. cain, the attorney for one of the women who filed the sexual harassment complaint don t even go there. i can ask my question? no. because can i ask a question? where s my chief of staff? please send him the journalistic code of ethics. cain says he is not talking about sexual harassment claims against him. reporters, though, have not stopped asking. plus, they say they d rather die than have someone cut off their beards. we take you to an amish community where thieves are trying to steal the hair right off the faces of amish men. we re at the top of the hour. 8:00 a.m. here in atlanta, 5:00 a.m. in glendale, arizona. wherever you may be, we are glad you are height here. oklahoma s unsettling saturday. it started with a moderate strength earthquake that ended last night with the largest recorded quake in state history hitting the exact same place talking about lincoln county here. video you a ....
The domestic politicians in the united states that this game of chicken that they re playing will have consequences for international markets. the imf saying failure to raise the debt ceiling could cause a severe shock to the u.s. economy and world financial markets. it is critical, they say, that the u.s. get its debt levels under control. and if it comes to a credit move, a debt downgrade for a rating agency would have significant global repercussions. we are negative in the european market session, your early calls are that the u.s. will open weaker. back to you. geoff cutmore. thanks so much. the front page of the financial times, investor fear rises over u.s. gridlock. other news overseas, anders behring breivik, the man who confessed to friday s deadly terror attacks in norway now claims he collaborated with two other ex-a treemist cells. breivik pled not guilty in court ....
Chicken that they re playing will have consequences for international markets. the imf saying failure to raise the debt ceiling could cause a severe shock to the u.s. economy and world financial markets. it is critical, they say, that the u.s. get its debt levels under control. and if it comes to a credit move, a debt downgrade for a rating agency would have significant global repercussions. we are negative in the european market session, your early calls are that the u.s. will open weaker. back to you. geoff cutmore. thanks so much. the front page of the financial times, investor fear rises over u.s. gridlock. other news overseas, anders behring breivik, the man who confessed to friday s deadly terror attacks in norway now claims he collaborated with two other ex-a treemist cells. breivik pled not guilty in court yesterday, he s charged with ....