i hope we will have some cool or evidence tonight before the clock ticks 12, that we have a deal. but it s very close. and i am optimistic. i am hopeful we will know by tonight whether we re going to be able to have a deal. all right, so settle in. this might be a long night for us. white house and house republican negotiators and look closer to a deal in the last 24 hours as we reported last night. this morning republican house speaker kevin mccarthy had this to say. i thought we made progress yesterday. i want to be progress again today, and i want to be able to solve this problem. now speaker mccarthy has been given more time to solve this problem. treasury secretary janet yellen said today the protected debt ceiling deadline is now june 5th. in a letter to congressional leaders, secretary yellen wrote, during the week of june 5th, treasury is scheduled to make an estimated 92 billion dollars of payments and transference, including a regularly scheduled
limit by june 5th. and she notes that there will already be a significant amount of strain on the treasury s funds, beginning next week. she says that $130 billion of scheduled payments will be made in the first two days of june, including veterans payments, social security, and medicare, and this is going to leave the treasury department with an extremely low level of resources. she then notes that during the week of june 5th, another $92 billion of payments and transfers are scheduled, and that based on the treasury department s current estimates, the government will not have enough money on june 5th to make those payments scheduled for that week. so, this gives us a clearer sense of the timeline here and the pressure that lawmakers are under and the white house is under to reach an agreement. a few more days, then that earliest expect date, but nonetheless, a very tight timeline still. not this monday, but the following monday, june 5th, is when the treasury department is now est
they also simultaneously want street releases. my brain can t hold those 2 things in. don t keep street releasing. the law doesn t matter to them in this case. we hope they don t look. there so much there. you re right. the initial crime is when they come over to the country illegally. unless you go through port of entry. we have laws on the books. if you cross me delete they should be deported. they want to it. wow. cheryl? a couple of things. new york city with her talk about now, this is the discussion. we ve been so overwhelmed by migrants, put them in tents in central park. that s a real conversation happening. and home tilt hotels and times where . tents in central park. center for immigration talks about the economic impact to everyone in this country, every city and town on a national level. next year if the lowest estimate, $92 billion. it will cost taxpayers to foot the bill for everyone that is flooding across the border and
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at least for now, though, a lot of green on the u.s. futures board. so apple yesterday reported better than expected earnings although it wasn t all rosy for them. what fueled, though, this mostly positive report? it s actually because i m sure, john, you went and bought an i-phone over the last quarter although i could be wrong. that s what s helped your sale and your purchase that they saw an increase in iphone revenue around 2%. i see you shaking your head but fair enough. iphone revenue is the one that s actually really done them quite well in this time. overall sitting at $98.4 billion but compared to the $92 billion which was initially anticipated, clearly they are seeing some sort of positivity there. they don t expect their earnings to do very well for the year.