The nation is barreling towards a selfinflicted calamity, a shutdown coming in fewer than 35 hours, a short term Spending Solution put it down and another shortterm solution in the senate is not likely to get past before saturday at midnight. If that deadline passes without new funding, about 3. 5 million federal workers when i get paid including active duty military. Strachan Alphabet Soup of federal agencies would face closure or a cutback in reductions of services, the iris, sba, fda, osha, snap, headstart amongst many other. Lauren kahl you have breaking developments, a lastminute attempt by mccarthy with the Stopgap Measure was essentially doomed to fail . Yes, more than conservative 20 conservative hardliners voted against the measure, a show that they are not sticking by the speaker, they need to have some kind of republican plan to go to the Negotiating Table with United States senate, working on a bipartisan basis. Our colleagues caught up with Kevin Mccarthy just moments ago
a welcome back. we are talking with gloria borja, bob woodward and robert costa, authors of peril. i want to refer back to something robert mentioned before the break, namely the night before. i want to review a few tweets he sent out in preparation for the conversation we are having tonight. quote, i m going through my old notebooks tonight from the peril box. here are some notes. one year ago tonight i was outside the willard wandering around with pen and pad, passing proud boys, oath keepers, monitoring the crowd. the city was otherwise empty. trump was in the oval office with pence. then i saw black cars arriving at the hotel. another tweet. 1/5, city empty, freezing cold, trash uncollected, rats everywhere, willard a hot spot. maga clashing with police there. rowdy. back of willard. black cars? follow? later, we went back and forth on whether to include the detail on
the president in suggesting the fiscal commission gave people like me the idea this we re going to move the ball in the right direction, that was a constructive step in the right direction this is a punt. this doesn t even include any of the significant recommendations from the fiscal commission. david and dean, hang on to a second. let s bring in gloria borja. a senior cnn political analyst. gloria, david and dean have different opinions. dean is saying this isn t as serious as it is. david has said for a long time this may be most serious issue financially that the country faces this reflects our polling which some say jobs are the most important, and others say the debt. the debt commission of the president s was a moment when he could have pushed for the kinds of measures involving social security, medicare/medicaid, that would have made a serious dent in the nation s debt. he decided not to. why? you know, it was interesting, listening to the chairman, mr.
living within our means. dean baker is the co-director of the center for economic and policy research. i like the way david said it, even better than timothy git anywhere. but david did say, we can avoid that. if the present course is unsustainable, assuming you agree with both david and timothy geithner, what has to change? or do you not agree with them? well, i think fundamentally misplaces the issue here. we have 25 million people are unemployed, underemployed, given up looking for work altogether. it s sort of like we had a shipwreck and waiting to be rescued, and we re talking about how we want to rebuild our house when we get home. the main point is we have to get the economy back on its feet. that s why we have huge deficits. the deficit in 2007, we could say was bigger than it should have been. but that was less than 1% of gdp. the deficit exploded not because we had a spending free, but the deficit exploded because we had a collapse. the deficit, the shortfall