televised presidential debates scheduled before the democratic primaries next year. that s a pretty strong hint that they re not planning for there to be any whisper or any hint of any opposition. and frankly, nobody has stepped forward to say that it s necessary. until and unless joe biden somehow provesover suggests that he can t make the race, i don t think we re going to see any serious opposition. errol louis, thanks so much. brianna? right now, house republican go negotiators are at the white house for another round of debt limit talks. this is coming after speaker kevin mccarthy reiterated today that his conference is standinf. that they will make no concessions to democrats to raise the debt ceiling, and that the white house must agree to significant spending cuts. it s not my fault that the democrats today have become so extreme, so far to the socialist wing that they are now opposed to work requirements.
Kitco daily macro-economic/business digest - May 24
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but the house speaker is laying the time crunch at biden s feet showing he first reached out to biden january 12th to begin debt limit talks and five more times before biden released his own budget four more times before republicans passed their budget bill and twice after. the freedom caucus tamping down concern mccarter s right flank will try oust him out of the speakership over a compromise. nobody is talking about that. we are behind our speaker. fox has learned that treasury has asked federal agencies if he can slide payments to a later date, which would effectively delay the x date and buy more time for congress and the white house to reach a deal here. a spokesperson says that they have not asked any departments to postpone payments, but the outreach is necessary to accurately estimate when, exactly, the country will run out of money, bret. bret: jacqui heinrich on the north lawn. the failure to reach a deal on the debt ceiling sent stocks down today.
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