jean sahadi is with us. we lay a confusing scenario from washington every week. jean helps us make sense of it. what is likely to happen if we hit this deadline without a deal to raise the dead limit? >> you mentioned that report. they estimate a lot of bills won't be paid. it is the social security recipients who could be affected. it could be our military, our federal workers. it's going to be a chaotic situation choosing who gets paid and who doesn't. that's going to create some bad blood. it's an unnecessary situation from the administration's perspective. congress could, in fact, not let that happen. they could step up and make a decision about raising the debt ceiling. even one of the world's largest bond investigators, mohamed arien, he's been a big proponent of debt reductions can. but he says to kick the can down the road a little because it's serious. >> harvard professor ken rogoff is a former chief economist for the international monetary fund. ken, listen to this with me. republican senator kay bailey hutchison said we're about to find out how serious

jean sahadi, senior writer at cnn money. and christa friedland, from reuters digital.ition of "your money." we're fully staffed 24/7 here at cnn. we're watching what is going on on capitol hill in the senate now interpreting that, figuring out what the options are. jean and her team at money.com are crunching the numbers and explaining what this means to