larry gursten joins us with more on the drama.irst, let's talk about this congress acting on the debt ceiling and why it's imperative. >> it's as bad as things can get. the united states has debts of $16.7 trillion to lenders all over the world. countries, banks. whatever, okay? our obligations exceed that amount beginning midnight tomorrow unless congress goes and lifts the debt ceiling to a higher amount. otherwise, the government won't have enough time and money to pay its bills. everything, mind you, everything from military salaries, to social security checks, all those things and more. meanwhile, virtually every mainstream economist warns that if the united states doesn't lift the debt ceiling, the stock market will crash. the economy will plunge into recession. and other countries will to longer view the u.s. as a reliable partner. >> solarry, this is a standard rebuttal. raising the debt ceiling is usually a formality for members of congress. why not now. >> lots of things have happened. several conservative republicans, f