Laid-Back Approach

Perry said the default isn't the end of the world at the bill signing Wednesday in Houston.

"They're not going to shut down the collection of fees and taxes, I'm thinking," Perry said, responding to a question after a ceremonial bill signing. "There is still going to be revenues flowing in. I think this threat that somehow or another the world's going to come to an end and the threat of we're not going to be able to pay our bills is a bit of a stretch."