former oklahoma governor frank keating, who now heads the american bankers association, will testify. live coverage at 10:00 a.m. eastern. house democrats met with president obama about the government shutdown and the debt ceiling. because technical problems, we missed a short portion of this 2-minute briefing. >> good evening. we just had a very positive meeting with the president of the united states. we expressed our appreciation to each other for standing strong to the american people, to open government, and to honor the full faith and credit of the united states of america. >> well, i want to say that the president emphasized over and over again what we also share, and that is that he is willing to talk about all of the issues that our republican colleagues want to talk about and try to come to agreement, but he's simply saying we can talk while the government is open. the government doesn't need to be shut for to us talk, and we can talk while we make sure the government pays its bills. i think the american public agrees with that, and we agree with the president on that issue.

governor wholahoma heads the american bankers association will testify. live coverage is that 10:00 a.m. eastern. >> first lady grace coolidge was known as the first lady of baseball baseball. quacks she was a lifelong baseball fan being in massachusetts and vermont, they were big boston red sox fans. when they went to governor wash, had allegiance to the local team down there, the washington senators. in our collection, we have a number -- a number of season passes she was given by the american league. usually they were issued to her either in a or a pocketbook. some of the pocketbooks are wonderful art deco in style. one of the items in the exhibit is the certificate that she was given by the boston red sox and the washington nationals as they and as aed in 19 55, giving her the first lady of the land, the first lady of baseball. watch our special called " continueies" and we our series monday. >> president obama nominated to head the federal reserve. she would be the first woman hao lead the central bank and its 100 year history. >> ladies and gentlemen

frank keating is eight ceo of the american bankers association. previously served as the governor of oklahoma. mr. bentsen is the president of the securities industry and financial market association. he previously served as a congressman for the 21st district of texas. mr. gary thomas is the president of the national association. he's been in the real-estate business for more than 45 years. and finally, mr. paul schott stevens is the president and ceo of the investment company institute. previously he served as special assistant for the national security affairs to president ronald reagan. mr. keating, you may proceed. >> chairman johnson and ranking member of crapo, i am frank keating, ceo of the american bankers association. as noted i previously served two terms as the governor of oklahoma and recently was a member of the bipartisan policy centers debt reduction task force. i appreciate the opportunity to be here to discuss the need to raise the debt ceiling and the consequences of failing to do so. let me be very clear. we need to meet our obl

for example, the american bankers association spend 80 percent of the funds during the 2012 electionpublicans. is that going to change based upon this? >> i think right now we are feeling the ramifications for a lot of people that have been blaming the extreme rogue tea party side of our party for some of the shutdown even though, you know, we were right to do some of the things that we have done so far. but i will tell you that we are, right now if you are asking for money now, which i am a fund-raiser and have experienced some brushback from some of my candidates, especially some of my federal candid it's because of what is the line on in washington d.c. right now. i will tell you, overall it will be a glitch or a bump in the road and that we have a better platform, and economically more sound platform that is going to continue to appeal to big business, so i think it is just a bump in the road. right now the question to answer, we are getting a little push back, which is unusual. melissa: i mean, you think that business is really pushing back, is -- big business, bankers ambushing

frank keating is the president and ceo of the american bankers association. previously he served as governor of oklahoma. mr. ken benson is the president of the securities industry and financial markets association. he previously served as a congressman for the 25th district of texas. mr. gay thomas is the president of the national association of realtors. he has been in the real estate business for more than 35 years. mr. paul stevens is the president and ceo of the investment company institute. previously he served as special assistant for the national security affairs to president reagan. mr. keating, you may proceed. >> chairman johnson and ranking member crapo, i am frank keating. i previously served two terms as governor of oklahoma come and recently was a member of the bipartisan policy center's debt reduction task force. i appreciate the opportunity to discuss the need to raise the debt ceiling and the consequences of failing to do so. let me be clear, we need to meet our obligations and not create any uncertainty that we will do so on time, every time

former oklahoma governor frank keating is head of the american bankers association. >> if our nation ults on its the harm is to likely to be measured in hundreds of millions of dollars. even the slightest uptick in treasury interest rates would cascade throughout the economy, it would raise the cost of taxpayers to service our country's debt and would raise the borrowing cost for business. >> reporter: underscoring those meanwhile, much of the government remained shuttered for a tenth day. but the interior department did announce it's allowing states to reopen national parks using their own money. >> woodruff: we get the latest now, from margaret talev, white house correspondent for bloomberg news. margaret, good to have you back on the plapl. where does everything stand right now? >> wow. the republican leadership just left the white house, didn't stop at the microphones and kept on going. all of us are trying to get even the most preliminary indications of how that meet egg went. but the white house is hoping to do to is sort of delineate can we agree to set aside the whole negotiat

similarly the american bankers association said 80% of its $2.6 million in political action donations to republicans in the last election cycle compared with 58% in 2008. now the group's president, frank keating a former republican governor from oklahoma, is among those lamenting congress' failure to achieve a deal to avert default. today he will testify before the senate banking committee, quote, that ordinary americans will bear the brunt of damage if our leaders do not prehaven't the united states from this defaulting on its debt for the first time in history. and that's according to an advanced copy of his remarks. that hearing is under way. you can follow that son our companion network, c-span3. you hear on a tweet from diva saying no matter what the business community things thinks, the tea party will grow. i think they are here to stay. also from karen, she says if treasury secretary lew sounds good but not being honest, president obama will decide if we will default or not. not congress. he should negotiate. crystal in stanford, connecticut. democrats line. caller: yes. hi fiv

he's the head of the american bankers association. before a banking committee hearing on october 10, he said -- and i quote -- "ordinary americans will bear the brunt of the damage if our leaders do not present the -- prevent the united states from defaulting on its debt for the first time in history." he went on to say "it would raise the cost of borrowing for businesses, meaning job losses and price increases, be a blow to retirement funds, leaving fewer resources available for retirees. for banks, which hold $3 trillion in treasury, agency and mortgage-backed securities, the sharp decline in value of these securities would translate into fewer resources available for mortgages, business, auto, credit card and student loans." to put it in layman's terms, mr. keating, the head of the american bankers' association, is saying if the congress fails to extend the debt ceiling, as we are proposing to do today, interest rates will go up. interest rates on ordinary americans, ordinary families and ordinary businesses. this is entirely preven

the global economy. of theoklahoma governor american bankers association will testify. live coverage at 10:00 a.m. eastern. >> doing book tv's coverage of this year's national book festival, david spoke about joseph kennedy. >> finally, kennerly -- kennedy could not figure out churchill is playing this mind game with them. whether churchill was accusing him or so drunk he forgot from the day before kennedy did not drink. one another intensely but the war was over here they had intense suffering. , hechill said to kennedy held out his hand, and he said, i am so sorry for your loss. joe junior had died during the war. churchill was sincere. he said to churchill, what good was it all? churchill looked at him, unbelieving, world war ii had destroyed, in churchill's mind, hitler and the dictators. it had saved democracy. it had saved western civilization, so churchill thought. blazed hatred at him. >> book tv is the only national television network devoted exclusively to nonfiction books every weekend. we are marking 15 years of the tv on c-span two. >> house democrats met with president obama. because

the american enterprise institute hosted a discussion about another possible housing bubble in the u.s. and the role the federal reserve plays in the securities marketplace. you'll hear from representatives for the mortgage bankers association and the national mortgage news. their discussion is about two hours. [inaudible conversations] >> good afternoon, ladies and gentlemen. it's my pleasure to welcome you this afternoon to our conference on housing and government finance in the post-bubble, post-bernanke world. hope you all enjoyed the alliteration. it's hard to believe that the peak of the infamous housing bubble in mid 2006 is already more than seven years ago. the extended crisis and accompanying panics of 2007 to 2009 ended four and a half years ago. in the inevitable cycling of financial ideas and beliefs, the burning lessons of the collapse are already starting to fade. for example, we had a clip today. quote, investors turn attention to flipping high-end houses, unquote. well, we had six years of falling house prices from 2006 to 2012, and now a strong rebound over the last year with, of course, different views on how that will continue. the vivid bubble then shriveled adventure is over, but with its effects, inde