to me the actors that are being portrayed as insane are the ones who are no plan to reduce the debt. the democrats in the senate. and the democrat in the white house. and the ups being portrayed as insane are the ones who want to have a plan to reduce the deficits under reagan, deficits under w. you didn t default on the national debt under those guys, did you? we defaulted on the national debt? no, we didn t default. that s what you re talking about now. $16.7 trillion. your solution to the fiscal challenge of the country is to default? i think the fiscal challenge of the country is to figure out how to reduce debt and the scope of government. what you re saying is not what they re saying. rick, i respect you being here. thanks for coming on. what ted cruz is saying, if you don t defund a law of the land, affordable care act, obama care, i m going to bring down the government and make sure we default. he has every right to pursue that strategy. i don t think you shou
have had a change of heart. the family said they respect doctor s protocol but believe god will step in on his time regardless of what s been said and asking others to believe with them. lawmakers on capitol hill must be digging their heels in the sand. today treasury secretary lew said the united states will reach the $16.7 trillion debt ceiling by mid-october unless congress raises the limit the u.s. government could run out of money and default. complicated matters, there are only nine legislative days scheduled in september according to a lawmaker. congress procrastinated for about seven months last time around before making a deal on the day the government was set to run out of money. out front learned groups behind the currency talked about setting up some rules. it is backed by investors but it s vulnerable to hacking, not
today treasury secretary lew said the united states will reach the $16.7 trillion debt ceiling by mid-october unless congress raises the limit the u.s. government could run out of money and default. complicated matters, there are only nine legislative days scheduled in september according to a lawmaker. congress procrastinated for about seven months last time around before making a deal on the day the government was set to run out of money. out front learned groups behind the currency talked about setting up some rules. it is backed by investors but it s vulnerable to hacking, not insured. the general council for the group of bitcoin foundation said they welcome the talks with the fed. some new drive-ins in switzerland but they re sex drive-ins.
ceiling, currently $16.7 trillion. budget rules allow treasury to use so-called extraordinary measures to create wiggle room in national debt accounts. they let treasury keep selling securities and raise cash temporarily. for example, treasury can cut back funding pension and health programs for federal retirees, and can suspend investments in a special foreign exchange fund. but the administration got a little help this time from fannie mae when in june the mortgage giant repaid it more than $60 billion from its government bailout. when treasury bumped up against the debt ceiling in may, it told congress the extraordinary measures would allow it to borrow another $260 billion to keep paying uncle sam s bills until after labor day. the president has been pressuring republicans to approve raising the debt ceiling again now, without conditions like new spending cuts or risk
that they will not because he s behind it. i don t know if that plays out in every scenario that we ve seen in the back and forth on capitol hill. the bottom line, he hasn t had a good track record negotiating with the hill and whether you blame republicans for that or the white house for that, it s not been a good track record. we are getting up to the debt ceiling. $16.7 trillion, probably just after labor day. and as we know, some republicans use that as a leverage point to get more spending cuts that they don t think the administration is ready to do. kelly: sure. steve: the delicious irony about the president and debt ceiling is when he was a u.s. senator, he voted against raising the debt ceiling when george bush was president. now he s got the keys to air force one and it s all different. yes, it is. and he s talked about that, how it s politics. listen, the bottom line is that you re going to have to washington is going to have to get past this operating on a