Debt Ceiling Is A 'Genuine Crisis' - Valliere

``THE END GAME is not in sight -- anyone who tells you they know exactly how this will turn out is lying.  The options are mind-boggling.  Could Treasury default?  Highly unlikely, but the threat will grow.  Could Treasury have to prioritize its payments?  Officials say they won't, which means they will play the Social Security card -- good luck to the GOP explaining why grandma might not get her monthly check.  Could the President raise the debt ceiling by executive authority?  If default is imminent, we do not rule out this option. ''