showdown. president biden set to meet with congressional leaders again, in an effort to step back from the brink of default. john durham releases his findings on the origins of the trump/russia probe. his reactions ahead to it. russia launches a barrage of missiles from the sea, air and land. we ll have a live report on that. thanks for joining us. all eyes on washington, as the u.s. government could start to run out of money within weeks unless it allows itself to borrow more. in the coming hours, president joe biden is set to meet with congressional leaders at the white house, to try to get on the same page about raising the u.s. debt ceiling. the president and senate leader kevin mccar are at odds before the country falls into debt. democrats and republican leaders have yet to find common ground. there is no movement. we re only a couple of weeks away. if you look at the timeline to pass something in the house and pass something in the senate, we have to have a dea
could very much be a realty. we are midway through may. in two weeks, they have to reach a deal and get it through congress. we re already behind the 8 ball, aren t we? certainly, they ve waited, until the last minute. there may be budget maneuvers that could happen. if they hishistorically, when they have a deal, congress is able to act quickly. it s whether they can get to what is compromise. let s open they deal without politics and work for the rest of the world. thank you, rosemary. it s a report four years in
The diverse structure of New York’s debt poses a significant danger to the state economy’s financial wellbeing: the risk the government and its public authorities might lose access to credit in a fiscal or market crisis.
can do. the markets reacting, a lot of democrats saying that s the right pitch. they don t trust it. we will see what happens going forward. we were looking during the break, it is possible, still possible hillary clinton could win the popular vote as we count the votes in california. that will add a nugget to the debate in the polarized political environment. with a senate like that, democrats will try to block it, but the republicans can repeal the affordable care act. they may have to go through budget maneuvers. you can t get 60 votes, do it other legislative ways. as david noted there s scalia s supreme court seat vacant. donald trump will fight with his own party on trade. the republican establishment including speaker of the house and mitch mcconnell don t want to build a wall and don t think mexico will pay for it. what donald trump takes from the campaign into governing will be fascinating. sometimes people change their mind. bill clinton ran against the
you as a member of the senate voted against the debt ceiling increase, and in previous aspects of american history, president reagan in 1985, president george herbert walker bush, and president clinton in 1997 all signed a deficit reduction deal that were continge ebt upon or in the context of raising the debt ceiling. you yourself four times have done that. three times those were related to deficit reduction or budget maneuvers. there s a new adamant desire on your part not to negotiate when that seems to conflict with the entire history in the modern era of american presidents in the debt ceiling ask your own history on the debt ceiling, and doesn t that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this. well, no, major. i think if you look at the history he went through this just last year, but what s different is we never saw a situation as we saw last year in