BLITZER: So how's Wall Street taking the news of extending the nation's debt ceiling? Let's bring in Alison Kosik. She's over at the New York Stock Exchange. Alison, how much does wall street care about what's going on here in Washington?</s>ALISON KOSIK, CNN BUSINESS CORRESPONDENT: It cares a whole lot. As you can see, the Dow down again the second day in a row, down in the triple digits. This is kind of wall street's way of firing yet another warning shot to Washington, saying it's time to find a solution, not just to the shutdown but to the debt ceiling issue as well. You know, they say, listen, the way wall street sees it, there's going to be more of this kind of selloff if Washington doesn't get its act together and come up with a solution on both of those issues. The path of least resistance, as far as Wall Street sees it, is down. You look at the Dow, it's been down 10 of the past 13 sessions. Most analysts expect stocks to stay under pressure until a deal is done. Most really believe that a default is unlikely. But here's the thing. If one does happen, Wolf, one analyst says the S&P; 500 can drop 45 percent. You'd feel that right in your investments because the S&P; 500 is what your retirement funds, your 401K funds closely, sort of track. The estimate it could drop 45 percent, that's a big deal -- Wolf?</s>BLITZER: That's a huge deal. A lot of people would be -- that would be a disaster for so many people. Thanks so much, Alison. We'll continue to watch the markets, see how it reacts after the president's news conference. He starts in a few minutes. We'll have live coverage after this.
Stocks Down in Triple Digits