strain, the director of economic policy studies at the american enterprise institute, as well as betsey stevensonber of president obama's council of economic advisers, and former chief economist at the us department of labor. good evening to you both. michael, if you look at the messaging we heard from the meetings at the white house today, we heard they were productive, that default is off the table, are you encouraged? er, i am the table, are you encouraged? er, iam more the table, are you encouraged? er, i am more encouraged than if the meeting had gone poorly. it is good that they met, and a good sign that positive things were said about the meeting, but i think we still have a long way to go before any of us should be feeling comfortable with the situation, certainly before any of us should be feeling optimistic. they have to agree a deal, there has been no agreement on work requirements and other programmes. no agreement on reform. although it seems that democrats may be getting more comfortable with the idea of spending cuts, there is no agreement on the specifics of what the spending cuts