and peter boockvar, i'll turn to you for some reaction to that. does it suggest that wedon't have to be overly concerned about the megasupply coming into the treasury market? >> i still think that remains to be seen, because in order to come up with the $2 trillion that's going to be spent over the next couple of months, they're going to have to raise it and mnuchimnuchin, i think, a f weeks ago, hinted at the possibility of issuing some extra-long maturities in order to finance it. but that's really going to be the question, is finding the amount of buyers that are needed to raise that essentially $2 trillion and interestingly, they've gotten the benefit, of course, from this big drop in interest rates. today's seven-year yield auction at 0.68. it's about half the level that they sold paper a month ago. >> wow, just a month ago but again, look at everything that's happened. peter, should they target the sort of households this 50 or 100-year bond that's sometimes speculated about, as a way to avoid having to massively decrease the deficit >> i th

thank you both gerard cassidy, peter boockvar, greatly appreciate it. we have some breaking news out of washington, where senate majority leader mitch mcconnell tweeting just now, notwithstanding the scheduled state work period, the senate will before in session next week he said, i am glad talks are ongoing between the administration and speaker palos. i let's stick with washington for a moment fred kemp is ceo and president of the atlantic council. first of all, do you see a deal quickly emerging here despite all of the rancor of the last couple of days >> kelly, i actually do. that was a great conversation. and thanks for having me on. you do provide light instead of heat at these times, so it's terrific to come on. i think they will reach a deal, because they have to reach a deal and that gets to last night's address of the oval office, where europe gets into the crosshairs of the president. we know that we need europe at times of crisis and in october of 2009, don't forget the g-20 meeting where the u.s., the uk, other european allies came together