keeping progressives informed and in the loop and that being pragmatic is what you need. he s missing from this equation so we ll see how the left fares on this. but some of them actually believe what the president was saying and the white house was saying that we re not going to negotiate on this. the reality is that was never going to work. they have negotiated debt ceilings in the past. the president obviously knew that. i mean he was definitely trying to negotiate as he was saying we re not going to negotiate. right. he thought that republicans would fracture. that s what they thought all along, that republicans would not stay together. they did stay together up until now. we ll see if they do over the next week or so. look, i find it hard to believe that the left would not be there for them. he s their president and facing a re-election. it s really hard for me to imagine that only more than a handful would support it. exactly. and to the point of miscalculating on what
you know, few countries maintain debt ceilings. australia had one and abolished after political infighting. do you think it s time the u.s. do the same, get rid of the debt ceiling? i think you need to combine the funding decisions and budget decisions in a single act. all of these deficits that now need to be funded have been approved by congress in the past. so when you pass the budget, you need to pass the funding that goes with it. so, yes, i think the debt ceiling should be abolished. each time a spending bill is passed, that should be tied to the debt ceiling and automatically be raised to or should the treasury secretary have the unilateral power to raise it? either way it would come out to be the same. yeah, yeah. john chambers, thank you very much. thank you. all right. make sure that you tune in at 9:00 a.m. for state of the union. the tentative debt deal right here on cnn.
raise the debt ceiling drawing a wide range of reactions on capitol hill, although the details of the deal are still not widely known. we have a pretty clear picture of what spending cuts have been made, and what the white house was able to protect in negotiations. let s take a listen to some reactions from the lawmakers who will have to vote on this bill. there is so much in this as positive, and measure to all the other debt ceilings. republicans had the presidency, the senate, and the house. did they ever cut spending? no, they increased it. we were able to do this with the president saying he wasn t going to talk to us. this is a step in the right direction. this was reach in president by president biden. there are several important. things in addition to avoiding a devastating default that would hurt every day americans, it protects social security. it protects medicare and medicaid. my staff has been informing me this morning that on both
cut red tape, get work requirements to help people get back into work. i think this agreement frames all that from limit save grow. it doesn t get everything everybody wanted but that s in divided government, that s where we end up. i think it s a very positive bill. we did a call with our conference and over 95% were overwhelmingly excited with what they say. with everything negotiation when it comes to debt ceilings and others, you get both sides of the parties voting to pass the bill and i expect the same thing to happen here. we have teams covering all the latest developments. let s go to priscilla alvarez at the white house first. what more is the administration saying about how it got done? reporter: fred, there s clearly some optimism today about where this deal is. of course we haven t seen the text of it just yet, but it has been a critical 48 hours here in washington, as both sides raced against the clock to reach an
I joined Pete Dominick to discuss the Debt Ceiling, Inflation, markets, and more. I pop into the pod around the 30-minute mark. (Before that, Pete discusses…