mr. behravesh, people think how does this affect me? will my credit card interest rates go up, will my mortgage go up, should i take my retirement money i'm saving and put it someplace else? is there a connection there? >> there is a potential connection in the sense that if the u.s. were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quit

mr. behravesh, people think how does this effect me. will my credit card interest rates go up, will my mortgage go up, should i take my retirement money i'm saving and putting someplace else. is there a connection there? >> there is a potential connection in the sense that if the u.s. were to default we would see a big spike in long-term interest rates so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates so all of that could be quite problematic for the whole economy. so that's why you know, certainly the treasury department and one has tow say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate s that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite ris