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Insures the kind of stability for our economy and for our middle class that they need. so we re pleased with the progress. i would refer you to senate leaders for the status of those discussions. but we certainly believe that there s a potential there for a resolution to this unnecessary manufactured crisis that can allow us to get back to the important business of helping grow the economy and create jobs and taking action to improve the lives of middle class americans that elected officials were sent here to do. reporter: is the white house confident that that resolution could pass both the senate and the house ahead of the thursday deadline for the debt ceilinging? for congressal timing and how. you guys know the state there s no question we are very close to a very important deadline. and time is of the essence. ....
Said during that briefing the i m for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. we ve gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over to the treasury department in terms of prioritizationsization. jay would only say prioritizationsization, picking and choosing which bills to pay after the debt ceiling when they ve run out of borrowing authority, priorization equals default. he wouldn t say which bills would get paid without the bottom really falling out. interesting to note he said the time for uncertainty has passed. that is not good language to come out of the white house right now. the harry reid had a very ominous statement. i m going to pla ....
Congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy, and therefore, to growth and jobs from this behavior. and it s important, as i think so many americans believe, that it stop, that congress simply fulfill its basic responsibilities to open the government, to fund it at again, levels that were set by republicans so that we can get about the business of negotiating in good faith over longer term budget proposals. i m not going to. but there are provisions on you are talking about the short-term increase in the debt ceilinging in the cr if you re not going to talk about the obama care provisions which are also on the table. i mean, you re talking about the short-term he debt ceiling and cr provisions. even if these are small fry gives on obama care, doesn t it violate the principle that the ....
Going to happen when the deal moves to the house. chief congressional correspondent dana bash, we re finally seeing senators it looks like, it appears as though they are making some sort of progress in the stalemate. if you look at it in a certain way, that s good news, quote unquote. there s still many sticking points and it needs whatever agreement comes out of this to go back to the house. that s exactly right. let s start with where i m told the key discussions are right now, which is they are between the democratic leader in the senate, harry reid and the republican leader mitch mcconnell. unclear if they ve met face to face yet today or not. my understanding according to sources in both parties is they actually had discussions that were more productive than they were perceived to be over the weekend. and that you know, the issue still is how long would they raise the debt ceilinging for and how long would they fund the government. now, those are not unimportant issues. those ....
Worried. the imf downgraded global economic growth. it s only just returned to the eurozone, emerging markets are being clobbered at the threat of u.s. tapering by the fed. so whichever way you turn, the last thing anyone needs, including incidentally, the u.s. economy with its 1.8% growth in sequester is another shoe to fall in the form of this. and richard, you just spent a few days in washington talking to economic leaders around the world. when they look at the u.s., the system here, do they say why do you have a debt ceilinging to begin with? the americans argue it s in the constitution. the reality is, there s two countries in the world with a debt ceiling and when it can be used as a weapon, that can t be a good thing. the debt ceilings is an artificial construct. they can changing that in a flash. there s a thousand and one different things they can do to get rid of the ceiling without ....