joining news a fox business exclusive, liam mcgee, hartford financial services group chairman.. mcgee. thank you for being here. what grove the beat on both the top and bottom line? we're not seeing that so often lately. >> well, liz, first of all great to be back with you again. last time we were in the studio it was a lot of fun. liz: yeah. >> thank you for your kind remarks on our results. we did have a very strong quarter, $505 million of core earnings or 1.03 a share as you said, 17% higher than last year. thanks for noting that it did nicely beat consensus. if you look at our quarter, it was very strong. it was driven by very good fundamental performance in all of our businesses. in our property and casualty businesses we had improving profit margins. we did have top-line growth, 2% net, written premium growth. and, finally in your standard commercial business which is the halt mark of our company, for the fifth consecutive quarter we had% renewal pricing increases. our group benefits business is a real star this quarter. it continuation of the improvement in profitabilit

liam mcgee, chairman and president and ceo of the hartford company. >> and now down to steve liesmaning on or about october 17th, and huge issue for the markets right now. >> yes, this is what happens the treasury secretary for the wealthiest nation on earth is going to have to balance his checkbook like any struggling american family. at that point when the debt ceiling equals spending, and it has to equal cash on hand, and revenues. so it is estimate ed thd that t spending will be cut by one out of every $3 appropriated or 32% or $108 billion. how do you figure out how the cut? two choices. prioritize and pay some bills and not others, but the treasury says that the computer payment system is not prepared to prioritize it and no legal basis for making one decision over another, and every appropriated amount is the same. and another is day by day. wait for money in a bank to pay the full day's bills, and if you get payment delays running up to two weeks initially and vary widely and lengthen through the year. show you that if you prioritize and you can pay the debt on the medicare,