president biden s focus today on the fight to raise the debt limit and the dress of consequences that could be in store for the country have no actions taken. not a single solitary has this data is not that i accumulated. but that is not that occurred of the last several years. it is 200 years of debt. 200 years. the idea that we wouldn t pay our debt is bizarre. it s estimated that we didn t pay the debt, we lose 750,000 jobs, we have a recession, would be a disaster. the idea is for the first time saying, unless you can approve this ridiculous budget what the republican mega budget is, if you pass this budget, we re not going to increase the debt limit. then we re going to go bankrupt. the white house has also warning that if the white house default, it would result in severe damage. a default according to the white house would result in hud to thousands of job losses, which could increase to millions the longer it goes on. joining me now is nbc s correspondent, a
which could increase to millions the longer it goes on. joining me now is nbc s correspondent, and correspondent mike, tell us about the white house is warns of what would happen if the debt limit is race in u.s. defaults. lindsey, to put those mornings into perspective, thank, yesterday, about what that jobs number was. 250,000 jobs added in this country, according to the labor department in the past month. while, even of these parties are managed to resolve the debt limits crisis, even on the eve of the deadline, june 1st, there is a warning from the council of economic advisers that this could lead to 200,000 jobs been lost. just the threat of reaching that precipice is enough to unsettle the economy. that s why the president in the white house, generally, have made for arguments, as they ve been approaching this crisis. you just heard from the president there. they shouldn t be any linking of the debt crisis here, and the future spending that is what house republicans are focus