, rattner, you out there, rattner?? >> instantly, of course, i liked him. later in the conversation, they started talking about subprime mortgages. and they're back and forth about it and bush says, you know, i wasn't smart enough to see that coming but rattner, you probe saw that coming, didn't you? it was really pretty funny. i know, and i would have sat in the back. so then there was a photo line and we went and got our pictures taken and my wife who was the finance. chairman of the of dnc, democratic national committee for four or five years looks to president bush and says i spent for or five years trying to get you out of office. he smiled and said it didn't go well, did it. >> in our next hour it, steve explains how the shutdown hurts the economy and what he thinks would be happening in washington if johnson were in office today. >> the affordable care act. how many people have signed up? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty

coming up, omb director jim nelson and steve rattner. years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. >>> restoring faith in the government. can washington win back investors. former omb director jim nussel and steve rattner, both here. >>> earnings central, honeywell and morgan stanley reporting within the hour. the numbers and market reaction just ahead. >>> plus, a vulture is circling. billionaire wilber ross on whether lawmakers will rise above and where he's putting his money to work ahead of the next looming deadline as the second hour of "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernan and michelle caruso-c

what the stakes were with jonathan martin of the "new york times," mike allen of politico and steve rattner, the finance year and writer. >> i think boehner himself won, that he actually got his caucus to a place but i think republican party are still the big losers here in terms of having been perceived to yes v created this mess in the first place. >> rose: the president the winner jonathan or he simply didn't not views in >> he survive but he got mix on him, too, charlie. there's no question his numbers have take an hit with that this on the heels with what happened with syria and you add the rollout of the affordable care act, it's not been a good couple months for the president. i do think steve is right in the sense that boehner probably staved off a coupe. if boehner had brought off a clean bill to keep the government open i think he would have faced an insurrection on his hands so boehner lived to fight another day. >> rose: we conclude this evening with a new film getting a lot of attention called 12q9 years a slave." it is directed by steve mcqueen and stars michael fassbender and

. >> let me ask steve rattner on this. you worked inside this administration.pent many years on wall street. one of the things that's surprised me is wall street, at least not yet, just doesn't believe we're going to default. >> correct. wall street doesn't believe we're going to default. wall street doesn't believe the shutdowns are consequential economically. but you heard senator schumer say, if you go back to 2011, when we almost did default, got downgraded by s&p, the stock market did drop by 16% over a short period of time. there are demonstrable examples of where business confidence, consumer spending, things like that, were affected. what i found interesting about the boehner interview was, in the middle of it, he stopped talking about obama care and started talking about debts and deficits. so, he seems to be pivoting, saying we want to have a conversation about debt and deficits. >> moving off the obama care position. >> without moving off it yet. and then, you heard senator schumer made a point that i would have made. you can't negotiate when somebod

every day, every american citizen can do something to make things better. >> let me get steve rattneryou're not a senator but for a second put on the president's hat. we talked in the last block whether he can move on from this, get immigration done, there will be a budget fight coming up. if you were sitting in the president's chair how could he get something done? >> i'm not sitting in the president's chair, i'm not even sitting in the senator's chair. i got a lot to learn. i'm going to go down there and do everything i can as a junior senator from new jersey. lern from people like senator menendez and other find out what a senator from new jersey can do to drive things forward. i appreciate the president has a complicated set of problems. he left an yern couraging message on my voice mail late last night after-month. before i start uppontificating what the president should do i'm focused on what cory booker can do. >> thank you very much. congratulations. >> thanks everybody. thank you so much. >> with us here on set in washington managing editor of "time" magazine nancy gibbs. she

joining me now is steve rattner, former treasury secretary to geithner.h michael bloomberg assets. all right, treasury has already been taking what's called extraordinary measures, right? >> correct. >> for months. is there anything they can do if we -- i mean, if we go over on wednesday, if you're sitting there as jack lew and the civil servants who have to run this payment system, what do you do? i mean, what do you do on thursday morning if a debt ceiling hasn't been reached? >> i think first thing to know is wednesday's a very important day. it's the last day they can borrow using these so-called extraordinary measures, but it's not the day we actually default. treasury will have about $30 billion of cash on hand. more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won't have the money to pay the next day's bills. >> part of what's complicated here, right, is that these payments, the money coming in and the money going out is lumpy. you might get a b

steve rattner.ster, that was my view right near where shane victorino knocked that triple that cleared the batess bases. atmosphere absolutely electric. madness in the streets. these are people that didn't even have tickets to the game, they were just chanting outside the stadium because no one left the stadium. pretty incredible. and even the buildings pretty much summed it up how the city supported this team last night. but let's get to other nonred sox stuff at the cooler. for 14 years, spongebob squarepants has been a dedicated employee of crusty crab. ♪ >> that was the fragreatest i'v ever seen. three cheers for sponge bob. >> even the iconic cartoon character not safe from receiving a pink slip. sponge bob square pants will be fired in an episode next month. tough times hit the community of bikini bottom. and mr. crabs can save a nickel by letting sponge bob go. we hear sponge bob makes out just fine. so you can be relieved. to the late nights, where big changes at mcdonald's has stephen colbe

brett rattner is looking at him over the shoulders. hey.this does not -- they don't look like -- does that look like the sex body language to you? he looks like he's more interested in keeping eye on the prize. and she's like, hey, she's there for a date. looks like her hand is flung to her back. i say there's no story here "vanity fair," the real story is what's that marriage like to chris martin? because the streets have been talking for years. yeah. dig. dig deeper, "vanity fair" and we'll keep watching. all right. pamela anderson is still hooking up with one of her ex-husbands. which, you know, i've always said that once you've had them, you can get them back. you know, if it's a comfortable spot for you, sometimes they don't make the best husbands but they know how to please ya and they already know your kids because maybe they're his kids too. and it just makes for a drive by and a see you. sometimes -- and marriage doesn't work out but a few years after the divorce, you can get things back to a sweet spot, don't have to share the sam

they will not get rid of it. >> steve rattner, thank you for your time. >> my pleasure. >> we'll be righte on. everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ohhh...oh boy! i'm falling. everybody look out! ahhhhh...ugh. little help here. geico. fifteen minutes could save you...well, you know. anybody? i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. whoa! sweet mother of softness. paws off, pal. [ female announcer ] new charmin ultra soft is so soft, you can actually see the softness with our new comfort cushions. plus you can use up to four times less. en

we have steve rattner. in washington, my only friend in the world that takes ambien, former "new york times" report er -- >> tuesday most red sox -- >> it is tuesday. >> justin verlander. seriously. >> i don't take it any more. i haven't for a long time. >> she guzzles cough syrup. >> i'm tired of the shutdown. >> your ambien comments all linked together. have you seen that? >> no. but i'll look. >> it's the only thing that comes up when you google my name. thank you very much. >> you should not be googling themselves. >> all that hard work on capitol hill, working night and day, night and day, bringing the people their news for the "new york times" and mika here has tied the ambien -- >> why is it googling your name. >> let's talk about the news. >> let's change the subject. >> why don't you ask jeremy if he sees any movement on capitol hill. >> jeremy, once this thing ends, it's so embarrassing. i was talking to my dad yesterday. is there any safety net? i cannot believe. what happens if congress can't do

of course look at rattner photo bombing as well. to kerry, like it's too early and he gave me a look. >> johnny gomes, we have that as well. >> crazy game. >> lewis with johnny gomes last night, quite a fascinating shot. but it was a special evening. and anybody that's been to fenway, and all of us, being standard or care fans are wise -- i'm sitting there, john farrell comes over before the game and i'm nervous. i'm talking to john farrell. there's joe torre. hey, i'm a big fan. >> he is coming on the show. >> but, you know, what he's done this year for this team is absolutely extraordinary. >> they wanted him over bobby valentine, the general motors wants to hire john farrell. >> hold on a second. look at this picture. there's lewis taking the picture. is that a full on scarf he has going on there. he was wearing this long island thing. >> i want to point out, i don't have the shot, donny is not even on the set, you guys were all having shrimp cocktail in the front row and, you know, donny made fun of my seats before i was in the

and bruce rattner joins us, great to have you on the show. first of all, what's jay-z like. >> you can see, humble, smart, good business person and a very good artist. he is everything. he's got it all, really. he's terrific. >> what a brilliant marketing move to in one fell swoop -- and everybody knows, tiny, tiny celebrity on the team. but to take that jay-z magic fairy dust and sprinkle it on top of the project instantaneously made the nets cool, stroke of genius. >> made me cool too. and i needed a lot of that. it was great. he has been terrific. >> there was resistance. >> yes, there was. >> and how did you combat that and generate the excitement ultimately? >> persistence. >> how did you get around it? >> a lot of nearby were concerned about noise, traffic, crime, understandably. >> of course. >> those are the things people are afraid. what's happened is none of that turned out to be the case. most everybody takes subway or walks. there has been actually a lower crime in the area, property values are up and most of all, there is a great venue for people to actually hav

steve rattner, the chairman of willett advisers and tony fratto, managing director at hamilton place carl. >> i think you probably called it, you said we would be heading here. how long do you think it will last? >> it will end sometime between now and october 17th. because october 17th, as you know, is the date that the treasury runs out of money, and potentially the u.s. defaults not just on its debt but payment to social security beneficiaries, medicare recipients and so on. so i think sometime between now and then. somehow the two sides get together and craft a compromise that deals with both the shutdown issues and hopefully the debt ceiling issues. that may be a rosie scenario. but that's what i think is logical, and indeed what we should all be rooting for. >> tony, you also believe this will last for weeks, not days. >> yeah. >> do we head into the 17th or not? >> that tells you where we are. steve's rosie scenario is what i'm thinking is the -- maybe like the worst outcome. actually, the worst outcome is that they pass a clean cr right away and try to do this entire fight on

contributing editor and writer for the american conservative magazine the great jim pinkerton and ellen rattnertalk radio news service. welcome to you both ellen, we think of pay for something you get for performing a service. what service did congress perform that they should be paid? >> well, you know, we may not like the shut down but they were working and trying to negotiate days and days and days during their shut down. doing their own office phones because even interns couldn't work. >> oh, wow. >> i think they should get that salary. >> for answering their own phones. that's incredible. should they get bonuses they actually picked them up and answered them. >> americans should reflect on the fact that two weeks pay for a congressman is a thousand dollars. i just remind you not only is congressional approval at 10% as your poll indicated according to the the pew center confidence in the federal government is 19%. we can stretch out from the shutdown to the fiasco of obama care. this morning in the "the washington post" was a cartoon of the obama care plan as the hindenburg the famous zepp