Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming months.
press corps s definition of what transparency means is often very different from the white house s view of transparency and that is especially true when we re talking about a legal investigation into the conduct of the president over the years, and so what we re seeing now on daily display in the briefings is reporters asking specific questions and karine jean-pierre generally reading from very carefully preened talking points. i understand from sources familiar with the deliberations, the logic behind it is this, that they believe by injecting more information in response to the granular questions they can be seen as interfering with an ongoing review, investigation, as it stands right now. and we heard that principle articulated again today by karine jean-pierre about the fire wall between the white house and the justice department. take a listen. there is independence in the
republicans put forward, he s going to veto. but if the economy is very strong, and they take this to the brink, then certainly that s something that we can see. thank you. just in the last hour, we ve seen the republican-led house judiciary committee launching a new nefgs into the classified documents found in president biden s home, and his former office. in a letter to the attorney general, the now new judiciary chair, congressman jim jordan, says the chief concern is, i m quoting here, that it is not clear when the department first came to learn about the existence of these documents and whether that knowledge was concealed ahead of the midterm elections. launching of the investigation comes a day after the attorney general has appointed a special prosecutor to look into the whole thing. with me now is nbc news senior capitol hill correspondent garrett haake and mike memoli and the formal launching of the committee investigation is perhaps the least surprising thing, we could h
developments on several fronts as we re coming on the air, a sign of an economic warning, the new formal investigation on the hill, and the deadly weather across the south. right now, we ve got the treasury secretary sending dc scrambling, warning this afternoon that congress has to raise the debt ceiling by thursday. like six days from now. otherwise, there could be some real consequences. we have our team standing by live with more on that. also this mour, republicans now launching an investigation into president biden s handling of classified documents. the white house press secretary is facing down another day of tough questions. new reporting on the time line. and a day like today, several hours in, showing how bad the damage and destruction is across the south. nine people are dead, after severe storms in alabama and georgia. we have a live report coming up. i m halle jackson in washington. and we have sahil kapur and neil