Would those be the two agencies that would try and develop those types of plans, just in case? I mean, how would you work with CBO to figure out if this happens? I mean, from my standpoint, If we do not get a debt ceiling increase, we'll be looking at operating under about a $2.6 trillion, I guess I'd call it a debt ceiling budget. That's what this administration has estimated revenue will be in 2012. Is there any effort or how would we go about prioritizing spending under that type of scenario? (02:51–03:00)
CLAIM
Asserts that without a debt ceiling increase, operations would be under a $2.6 trillion budget.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
