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Schumer's "Friendly Challenge" To Boehner: Put A Clean C.R. Up For A Vote

STEPHANOPOULOS: You heard Speaker Boehner right there. He is not going to put a clean vote for a -- a clean government funding resolution on the floor, not going to put a vote for a clean debt limit extension on the floor unless the Democrats start to negotiate.

SCHUMER: Well, first, the speaker said there aren't the votes on the floor to re-open the government. Let me issue him a friendly challenge. Put it on the floor Monday or Tuesday. I would bet there are the votes to pass it. We have just about every Democrat, 21 Republicans have publicly said they would. There are many more Republicans who have said that they privately would.

So, Speaker Boehner, just vote. Put it on the floor and let's see if you're right.

On the debt ceiling, I think there's a bit of posturing going on here. To have us default could, and there's a pretty high chance, send us into a recession deeper than the one in 2008, George, for a very simple reason.

Once the markets have to mark down a major security they hold, in 2008 it was housing securities, now it's U.S. Treasuries held more widely, then, banks' balance sheets get all out of whack. People stop lending. Interest rates go up. Lines of credit freeze. And you risk a depression.

I believe Speaker Boehner will not do that when push comes to shove.

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