Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming months.
members of congress were still dodging the disgraced ex-president s phone calls on the floor of the house. kevin mccarthy was still cutting back room deals, negotiating with his hostage-takers, trading away everything but the gavel so he could ascend finally, at long last, to the speakership. now less than one week into republican rule of the house of representatives, here we are, one newly minted republican of the house, george santos, is facing multiple open investigations and mounting evidence that he is both a pathological liar and a potential campaign finance violator among other things. speaker mccarthy is dangling the possibility of expuning one of the disgraced ex-president s impeachments. republicans are unleashing a so-called weaponization with mccarthy. democrats of the house are now receiving death threats like this one against congressman eric swalwell. getting your kicked off the committee is the least of your problems. the american people aren t going to be
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