mitch m mcconnell is talking about how he'll see that these sequester cuts stay in place, but you just heard jay carney talking about fighting against that. that's what the bicameral group will get together and hash that out. they were able to hold the line in the spending cuts in the budget control act or sequester. it's his way of saying that republicans had a victory here. but what's ironic republicans thought that was a line they should have had a month ago. a month ago they thought she should have been saying we go into this with our head held high with a victory. that was completely sidetracked because of senator ted cruz. here's what senator cruz told reporters this afternoon. >> i have no objections to the timing of this vote. the reason is simple, there is nothing to be gained by delaying this vote by one day or two days. the outcome will be the same. every senator, every member will have to decide where he or she stands. i had no intention of delaying the timing of this vote. >> reporter: senator cruz saying he will not delay the timing of the vote meaning they'll be able to

senator mitch m mcconnell was pretty quiet until a couple of days ago.is a more moderate group in the senate. he has a much easier job of wrangling votes than speaker boehner. but speaker boehner gave them rein and this is what happened. they took a credibility hit. but among the tea party base they're enthused, and they like what senator lee and cruz have been doing. we're seeing more of those factions splitting off. now how the republican party moves forward is a huge question, and it begs the question on everything from does speaker boehner retain speakership? >> fascinating. just fascinating stuff. libby casey on capitol hill for us. thank you. earlier i spoke with al jazeera's political contributor michael shure. this is what he said the shutdown was all about. >> what will be looked back on is about the republican party sort of finding their soul, what they want to be about, what the speaker wants to be about, what their caucus wants to be about. one of the things that is problematic for them right now they find out how divided they are. there is s

i think that ended up in a worst situation with the debt and definite 1icit and i think that m mitch mcconnell got was spending level stayed the same. but until you really cut the spending and have entitlement reform going in the outyears, you're not going to have our fiscal house in order. and that's what i hope we will unite around. >> former texas senator kay bailey hutchison, senator, always good to see you. thank you so much for your time. >> thank you, craig, for having me. >> i want to bring the brain trust back for just a second. molly, i want to pick up on something that the senator just said there. she talked about the spending reductions and moving forward and that being the ultimate mission of the tea party movement. of course one of the primary missions of the gop in general. but the fact of the matter is, and you alluded to this in an article you wrote last week, had the fwchlt ochgop not played it they played it, they would have been better off in a lot of ways. >> absolutely. the deth deal they got was worsn the deal that they were offered and refused to shut down the governmen

senate democrats m s met with t president, but this morning, no deal specifically in sight. day 13 as the shutdown continues and falls to both mitch mcconnell and harry reid to try to cobble together some type of solution and we'll find out later on today if they can. >> thanks for bringing us up to date. meantime, the world's leading financial experts are urging the u.s. to take control of this situation and raise the nation's debt ceiling or risk, as we all know, setting off another global financial crisis. something we definitely don't need. brendan butler is joining me now. anchor of "bulls and bears" to tell us what we can expect as individuals. what does this mean for us? >> we're watching this kind of crisis governing, which makes no sense at all. but we have to remember that if we don't raise the nation's debt ceiling, we don't know exactly is october 17th, the date, there are some who think it's the end of the month, but if we don't raise the debt ceiling, it does not mean the nation automatically goes into default for the first time. tat means we do not pay the interest payments on our deblt. we as individuals, what does this mean