police say have received valuable tip that still need vetting as of right now no rest. bret: william, thank you. up next a panel on the president s effort to seek a second term, the hunter biden investigations, and the impasse over the debt sealing. my name is joshua florence, and one thing i learned being a firefighter is plan ahead. you don t know what you re getting into, but at the end of the day, you know you have a team behind you that can help you. not having to worry about the future makes it possible to make the present as best as it can be for everybody. detour? yeah.
investors prepare for earnings reports from big tech firms. the dow gaines 56, smp500 finished 4, ninety two dack 35. a big challenge this week for kevin mccarthy. he s trying to push through a bill through the chamber that would trim spending and at the same time raise the debt sealing. burnt he could have problems keeping his own party in line with that vote. here s senior congressional correspondenten, chad. the most consequential bit yet of kevin mccarthy s speakership. it s about the math. mccarthy can only lose five republicans and still pass the legislation without democrats. mccarthy s bill earned support from conservatives. i tend to vote for this debt limit increase because for the first time in micron career there are serious concrete provisions to address the overspending. mccarthy s bill hikes the debt ceiling by $1.5 trillions. the bill imposes stiff work
requirements for those dependent on some federal food and health programs. that piece of legislation is cruel. the house republicans position is unless the president and the senate agree to their entire agenda that they re going to default and crash the economy. president biden won t negotiate until republicans prove they can pass the bill on his own. even democrats are anxious about the president s resistence. of course president biden should sit down with speaker mccarthy. passing the bill the defeat would telegraph a brutal fight over the debt sealing to the markets. you never know what day is the tipping point but there eventually will be a tipping point. congress failed to ack fast enough during the 2011 debt sealing crisis, triggering financial fallout. tea part y republicans flirted with disaster and came so close to the deadline that it actually lead to the first-ever credit downgrade in american
but i think that debt went up tob 6 trillion under president bush. about 6 trillion under president trump and 8 t trillion under president obama, debt seems to be a bipartisan issue, it may be true it has gone up more under joe biden, but it seems that all presidents, republican and democracy come to congress asking for increase in the debt sealing. it s true, have we not had a planted budget since of end of bill clinton administration, it was about this same majority of republican congress working with a democratic president that achieved that balance offed budget, and fighting over this issue, what are the priorities, how do we set spending priorities, now we want to go back to those pro-pandemic, joe biden over last two years has spent money an avalanche of money, he is an economic illiterate
personally? i thought that is why you invited me, sean. to go nosed and nose with your right wing champion. i am here. i showed up. i don t know matt gaetz. i don t know you. all i know is what i read in the newspapers. that has got to be true. crosstalk. sometimes will the republicans come together? will they come together on the debt sealing and will they stand strong in 2022? biden is betting against that. that s why he says no negotiation. if we pick the right fight, i was discouraged to see don bacon announced on meet the press that he believes no cuts and