Will Washington Talks Stop 'Sinking Boat'?

Matthew Dowd discusses the talks and possible deal to increase the debt limit.
2:09 | 10/11/13

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Transcript for Will Washington Talks Stop 'Sinking Boat'?
We welcome in matthew dowd this morning. We heard jonathan karl say that one player told him this was cause for mild optimism. I think the american people, at this point, matthew, will take anything they can get. How wheeled in was this movement with these talks between the house gop and the president? Good morning, josh. First, congratulations to my hometown, detroit tigers. Red sox better get ready for that. The way I look at this is, it's like two people have been in a boat, where the boat's filling with water. And nobody's doing anything to bail the water out. For the first time, they're not pointing figures at each other, organizing over whose fault the holes in the boat are. That's what we have today. Mildly optimistic, but they're doing nothing to bail out the water. A six-week period until NOVEMBER 22nd. Are we just kicking the can down the road here? But still, staring down at that november 22nd deadline, without any talk about reopening the government? Yeah. It's exactly what we're doing. Last year, when we kicked the can down the road, we kicked it down the road for a year. This time, we shortened that down the road to six weeks. Again, I go back to what I said. They haven't started bailing water, let alone if fixing holes in the boat. The good news is, they stopped pointing fingers at each other. They'll start bailing water. And hopefully they stop kicking the can and fix the boat. What happens next here, matthew? Obviously, what happens next is they have to reach an agreement and fairly quickly. They have to reach agreement in the next 48 hours to get this done before the debt ceiling limit deadline approaches. So, they have to reach agreement, it has to happen in the next 48 hours. Signs are positive. But not very positive. Weary eyes continue to look, then, at the nation's capital. And congratulations, matthew, to your tigers. Thank you. George is going to have the latest on the government shutdown this sunday morning on "this week." Again, as the deadlines now loom. We'll be watching on sunday.

This transcript has been automatically generated and may not be 100% accurate.

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