GOP lawmakers this week narrowly passed legislation to raise the debt ceiling. Here are some key points to know about the bill and the broader political context.
been saying for months, for months. and you know, i have a few a few reporting from some of your colleagues, esteemed colleagues just the other day, washington post headline is house gop eyes social security, medicare and spending battle, and reuters in january, republican house conservatives threaten debt limit default to cut social programs. that has been consistent with what john: we are going to take a pause on the coverage of the white house briefing, still ahead is peter doocy with some questions for karine jean-pierre. we ll jump back in when we get to peter, and the nation holds its collective breath in anticipation of the tyre nichols bodycam video released later tonight. sandra: we are waiting on the rnc chair vote and also getting this into the newsroom just now,
for, you know, biden or perhaps hunter biden to appear before the committees. this is just a start. yeah, i think there are modest expectations. certainly dealt the setback here. let s switch gears. let s talk about the looming deadline to raise the debt ceiling. we heard from the treasury secretary this week. very worried about this needs to get done and done soon. walk us through where things stand right now in the time line for an event, frankly koshgs have significant consequences for the american economy. the debt ceiling will be the big legislative fight, i believe, of this year. and secretary janet yellen said that likely early june that time period is when the treasury department will run out of its extraordinary measures to avoid a debt limit default.
urgent deadlines coming. there s the debt. the debt limit is rapidly approaching, the defense bill. walk us through that. the agenda, sure, but aren t there other things that have to take priority? where are we and when? we re eight days from a debt limit default, and that s pretty stunning. what congress is trying to do is temporarily change the rules to allow them to lift it. it s a very difficult task for senate majority leader chuck schumer and minority leader mitch mcconnell, but we re eight days away from that. it s traditionally passed by the end of the calendar year. but schumer s desire to get the build back better bill by christmas is looking more difficult because the parliamentarian needs to finish her vet of the bill, and that s
as president of the united states to get his nominee considered for almost a year. we want to see who president trump nominates. if he nominates a mainstream jurorists similar to what president obama did in going mainstream, that s one set of circumstances, but if he tries to go in a narrow philosophical direction, i think you re going to see many of us do everything we can to make sure that nominee doesn t end up on the supreme court. let s work through the checklist. debt limit default, probably a debt limit, we hit the ceiling in the middle of march. would you call on democrats to rule out threatening a default? i m for paying our bills. i hope we don t get to that. i thought it was irresponsible when the republicans tried to block us. if it s a clean debt ceiling vote, i think you ll see there ll be democrats that will join. but if they use it to try to advance their extreme agenda, they re on their own. what does that mean when you say clean vote? just put up a debt ceilin