jeanne sahadi of cnn money. morici, stay where you are as well as chrystia freeland. >>> what happens if the u.s. does lose that prized aaa credit rating? we'll talk about that next with bill gross of pimco. so, what are we going to do with this? i don't know. the usual? [ blower whirring ] sometimes it pays to switch things up. my - what, my hair? no. car insurance. i switched to progressive and they gave me discounts for the time i spent with my old company. saved a bunch. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >>> i just want to give you some news. all 43 republicans in the senate, all 43 republican senators have signed a letter that's just been released saying they will not vote for a democratic plan to raise the debt limit. that is a sign that the measure, the reid measure does not have the support that it needs to advance in congress. your tweets are at the bottom of the

jeanne sahadi joins us. what could the changes look like? >> democrats are saying, we can't sign into a deal unless we raise taxes on the wealthy and close corporate tax loopholes. the republicans say, no. we're not going to be raising taxes in the wake of the jobs report. democrats say, we're not going to be on board with any cuts to social security or medicare. we want those to be dealt with separately in the same way that republicans want to deal with taxes separately. it has to be revenue neutral. democrats say we are not cutting social security and medicare. and this week, they got very upset when they heard reports that president obama may be considering a change in the way inflation is calculated which would affect the cost of living adjustments for social security benefits. >> they sure were upset. and even nancy pelosi stood up and said, this needs to be handled separately. mark preston is a cnn senior political editor. a research center poll finds if the debt ceiling is not raised, 42% will say it's because of congressional republi

ben white is a wall street correspondent for politico, ken rogoff joins us and jeanne s sahadi joins us as well. jeanne, first question, is it time to simply say, let's go for the possible in washington? everybody has grand ideas about what they want to do. nobody, nobody can get the support to get one of those through. do we have to look for just the possible? >> i think the mission of everyone in congress is to absolutely raise the debt ceiling. they cannot get away without doing that. the s&p has been the strongest credit rating agency. they said, we're going to downgrade you if you don't come up with a plan. but they say f you raise the ceiling but give us indication that you're on the road to getting agreement on the deal, we'll keep you on credit watch negative but we'll affirm your aaa rating if you get it done within a couple of months, if we see that possibility. that seems to me to be the fallback plan for congress. whether they take senator mcconnell's plan, neither the republicans or the democrats seem to like it. it would allow the president to raise the debt ceiling a nu