just two weeks, that s how long before the nation could default on its debt. democrats are voicing new frustration with the direction of the negotiations. as a result, some want the president to invoke an obscure provision in the constitution, the 14th amendment, an untested legal theory that the president can raise the ceiling without going through congress. the provision reads that the validity of the public debt of the united states, authorized by law, shall not be questioned. using the provision is something president biden says he has been considering. if he does, the president would direct secretary treasury secretary janet yellen to hold an auction raising money to cover our debt, something that happens routinely. but in this case, buyers would offer less at the auction, because the bonds would be much riskier. that means the government effectively pays a higher borrowing rate. there s an added risk, because invoking the 14th amendment has never been done before.
ceiling and says neither republicans nor democrats have put forth a serious solution to address u.s. debt. thanks for being with us. you have dismissed the doomsday scenarios if the u.s. defaults. are you not worried about the impact on the economy? first of all, i am not opposed to a debt ceiling bill. i m opposed to this debt ceiling bill. understood. we need to do more. we have $58 trillion of debt in ten years. we have $53 trillion under the republican plan. that s unacceptable. i hope we get to a debt ceiling bill that actually deals with the spending issue that we have to deal with. there s a bipartisan bill in the house that would block pay for members of congress if the u.s. defaults. that s a drop in the bucket. but it s symbolically important. would you support that? yes, i would. why not get rid of the trump tax cuts as one step to tackle the deficit as democrats are
for its brutal aggression. the white house is being briefed on the debt ceiling negotiations back home. i will speak to a senate democrat leading the push for the president to bypass congress and raise the debt ceiling by invoking the 14th amendment. this hour, desantis versus trump. dueling positions on abortion, as the florida governor prepares to jump into the race as early as next week and signs four more bills positioning himself to the right in the culture wars. rising tensions over immigration boiling over far from the border. cities like new york run out of space to house migrants being sent north. it has overwhelmed our system. 65,000 people are coming to the city. a week and a half ago, we had 4,200. in one day, we had 900.
busing migrants into their cities. responsibility to act with urgency and resolve when our nation faces clear and present danger. [inaudible] leading international climate scientists call the latest climate report nothing less than quote code red for humanity. let me say it again. code red for humanity. carley: president biden taking air force one on a quick trip up the coast to lecture americans on climate change. he says he plans to take executive action to bypass congress as members of his own party put the brakes on his green agenda. todd: congressman steve scalise is joins you are show. with apologies jack nickelson and a knew good men. is this an emergency that warrants executive action? well, good to be with you. and, look, the code red
polem-fluencer, using spectacle, turning constituents into fans mean you have little incentive to do anything for them in return but pose. i think you would agree with that, joe. joe: absolutely. we are old enough to remember aoc in her first term in congress, amazon wanted to come to her district, 14th district of new york that is basically the bronx and queens and bring 25,000 jobs at average salary of $150,000 per year and aoc made sure that didn t happen. her linkedin page, that is listed as her number one accomplishment. she can make herself the story. when i see if joe biden doesn t run, list of presidential contenders and i see on the