joining me tonight is congressman jim mcdermott of washington, who has been in the chamber for quite a while and has seen a lot. he sits on the ways and means committee. congressman, good to have you with us tonight. do you think republicans will follow through on their threat to take the country into default? i mean, the president spent a hot of time today educating the american people and cutting to the chase and being brilliant on the basics about what the ramifications would be. your thoughts. >> my thought is that they seem to be this time headed for a real trauma. i voted no on the last bailout a couple of weeks ago because i knew that the real fight was going to come on this debt ceiling. and they think that this is the way. now, it's like handing the keys to a john deere tractor to a 6-year-old and let him try and drive it. these guys, they have no idea what they're doing to the economy. and they will wreck it because they think that that way they'll get their way on some other things. it is simply -- you can't -- if the facts made any difference, the president would win the

. >> tonight, congressman jim mcdermott's reaction to the president's tough talk on the debt ceiling. e.j. dion and ruth con connaught on whether the republicans will actually listen. >>> one month after sandy hook, he has the president's gun recommendations. >> will spineless republicans kill reform? one threats impeachment if the president signs an executive order on guns. dan gross of the brady campaign is here with reaction to the president's comments that the nra is joining up fear to sell guns. >>> and former secretary of state colin powell calls out republicans on race. >> there is also a dark -- a dark vein of intolerance in some parts of the party. >> dr. james peterson janes me to discuss the republican response. >> good to have you with us tonight, folks. thanks for watching. president obama took on the single greatest threat to the global economy today, the republican party. the president used the final news conference of his first term to throw down the gauntlet. after years of deliberate confusion by republicans, president obama set the record straight on the debt ceilin

jim's here with "six in sixty." >> bank of america, bill mcdermott, i believe in this company. >> lululemon?s momentum. a call says, listen, numbers much better than expected. >> citi price target. >> number one housing play. i think the stock could go to 34, no problem. >> raymond james on mcdonald's. >> they're saying the innovation wings, maybe not hot enough. the numbers under pressure. wells fargo says expansion. >> apollo group. >> oh, my. profit for profit education, schools starting to look like nonprofits. you want to invest, invest in yale. i like cornell here. >> goldman says nice things about both mastercard and visa. >> paper versus plastic. we're sticking with these biotechs. this is a company that helps people with ms walk. jim foster, he has brought down the cost of bringing new drugs to the market. i think this conference is about why you need to back american health care companies. because they innovate. >> look forward to that, jim. you've had quite a week already. you've got a pick? >> cutler drove that company, that team down. by the way, rg3, let me just say, i want a s