Calling for cameras in the courtroom. When trump goes to trial. Plus, he didnt come out in force the throne predicted. Supporters were at his arraignment. They were not alone. We are here in washington d. C. , trump is about to be indicted for the third time this year. How do you feel about that . I dont feel very good about that. The good liar will join later this hour to share their experience talking to the dont face well at their arraignment. It includes one persons anatomically difficult suggestion to one of them. Fallout from the January 6th Insurrection is not just putting out in courtrooms, it is having an economic impact. Sided as a reason for a major financial downgrade this week. That comes even a new job numbers showed increasingly solder Economic Science that bidenomics is working. Last month, we created 187,000 new jobs. Americas Economic Future looks bright. President biden and i will keep fighting to move our nation forward. Also ahead, medical breakthrough, the first p
and remembering an icon. tina turner the queen of rock & roll. and we begin this very busy hour with very latest from washington where time is literally running out for negotiators to reach a deal to raise the debt ceiling. there s just one week until the treasury secretary s estimated deadline to stave off what could be a devastating debt default. top credit agency has now put the country s aaa credit rating on negative watch. pointing to partisanship as hindering a solution. here is what speaker mccarthy had to say just this morning. everybody is very professional in these meetings. look, i m a total optimist. we will get this done, and we will have a better bill because of it. and joining us this morning with more is garrett haake. also with us, cnbc s dominic chu. garrett, mccarthy seems optimistic about a deal. what are you hearing from the democratic side? no, that s exactly right, jose. on the fitch part of this specifically, democrats are frustrated. t
for a landing. the closer you get to the runway, the tougher things aren t. that is kind of what we are right now. these larger issues in the debt downgrade i m sure him talk about. what fitch calls deterioration in governance. there is not a big issue still facing the economy in this country. yasmin? scott holmes for us. thank you. caleb, this talk a little bit about this. we are looking at the fitch credit downgrade happening, of course, what we are getting that third indictment of the former president, obviously. a lot of folks weren t necessarily talking about what had happened. nonetheless, pretty significant stuff. press secretary piercing the administration strongly disagreed. dana yelling saying it is arbitrary. i do good this, how significant is this? what is your analysis? it s a little bit like getting a speeding ticket in the mail two months after you did the speeding or ran a red light. this is about the fact that there is deteriorating finances, too much spending, too
that move showed more than anything that political problems associated with setting fiscal policy in this country could have a tangible downside result. now ultimately, as we all know, the debt ceiling debacle back then along with all of the other ones in u.s. history have been resolved, albeit at the 11th hour, kind of like what s happening now. what s absent, though, in the current scenario as opposed to the one back in 2011, is the market volatility. some will remember that there was a sharp drop in the stock market in the weeks leading up to the resolution of the debt ceiling issue with the debt downgrade itself causing a massive drop. what we are not seeing this time around is that big drop because there hasn t actually been a downgrade. when fitch says it s going to put the u.s. credit rating on watch negative, it s basically a precursor to a possible downgrade. but the markets are at least for now taking things in stride. jose, though, the closer we get to not paying our bills,
when. we re talking about a debt downgrade for italy this morning. rating agency moody s has cut italy s credit rating by one not so concerns about rome s plans for larger deficits and the already high public debt load at one hundred thirty two percent of gross domestic product its lee has the highest national debt in the euro zone after greece last week rome also clashed with the e.u. commission over its plans to increase borrowing the downgrade now will make borrowing even more expensive for. the country s shaky banking sector which is only just recovered from the financial crisis but now italian banks are being blackmailed by the new populist government into financing very expensive election promises. italy s banks are in trouble again and just as they were getting