The Debt Ceiling and the Market Issues With It

I might have even announced it in the State of the Union address and just say the debt ceiling, as currently legislated, will intersect with the debt at some point later this year. And I want this Congress to know that absolutely under no circumstances will we default on the debt because I will take the action if they don't do something. The other thing about it that makes it the kind of thing you do want to say six months ahead of time is there are market issues with it. This debt is being issued under a condition we've never seen, except back before there was ever a debt limit.