Chuck Schumer actually said...

"Thank you, Mr. Chairman."

"OK, and that is the outcome some of us are working toward right now, so I appreciate that, because to do one without the other does not make much sense."

"So you do not agree with those that--that in a sense is default, right?"

"But I am not talking about the long-term deficit. I am talking about renewal of the debt ceiling by such a little amount that month after month we would have to come back and renew it."