affair heats up as russia announces a new set of sanctions targeting trump critics. and stacey abrams joins me. we begin tonight with the old bait and switch, we re one week away from a potential default on the national debt, every economic expert agrees would be catastrophic for our economy resulting in millions of americans becoming unemployed. interest rates on your homes, cars and credit cards shooting through the roof and a major punishing recession, a meeting between president biden and house speaker mccarthy at the white house is still ongoing as the clock ticks down to find some agreement to avert economic disaster. treasury secretary yellen warned again of an economic default saying it s highly unlikely the u.s. will run out of cash if the debt ceiling isn t solved by this. lyndon johnson was a united states senator for 12 years, quote, if you can convince the lowest white man that he s better than the best colored man, he won t notice you re picking his pocket. th
tonight, but we do know biden has been working on it since november, that s over three months for one speech. this thing better be good. here s what the binder said the speech was going to be about. this is going to be a joe biden speech. and when you hear it, that s what you are going to hear. jesse: okay. i can listen to the binder explain biden all day. so much insight. but what is a biden speech? well, a biden speech is a story and that s what you re gonna hear tonight, the greatest story ever told. what he needs to do is tell a story. joe biden is an amazing story teller. you can sit in that oval office careen karine can tell you and tell a story for six hours. he needs to tell a story tonight. jesse: he may not be a great president he is a great story teller. his stories aren t true. that doesn t matter. old politicians know people don t want to hear the truth. the truth hurts. people want to hear a story because a story doesn t have to be true. it s just a stor
prepares to reconvene for its seventh hearing into the attack on the capitol today. focusing on the extremist groups that led the attack. how the committee plans to tie the far right militias to the trump white house. boy, mika, as we look at the united states capitol, which, of course so beautiful. was besieged by terrorists on january 6th. if you call people who try to take something over and brutalize cops and try to destroy american democracy terrorists, i guess it s all a definitional thing. you re really starting to see the impact of these investigations, not just the january 6th investigation, but we re going to be talking this morning about what s going on in georgia. lindsey graham has tried to escape a subpoena because the secretary of state in georgia said they re republicans. secretary of state said his fellow republican lindsey graham called and tried to get him to throw out legal ballots. graham is trying to get out of that. of course he wants to esc
toxic work culture inside the nfl. reports of a woman paid off to settle a sexual assault case against dan snyder, the owner of the washington commanders football team. what the league s commissioner roger goodell told congress today about the new allegations. welcome to the lead. i m jake tapper. we start with our money lead and president biden s latest attempt to tame the insanely high gas prices plaguing americans. the president this afternoon called on congress to temporarily suspend the federal gas tax, which is right now about 18 cents a gallon. a move president biden has resisted until today given that it is unlikely to pass congress. republicans widely oppose it, and even some leading democrats are skeptical that oil companies will actually pass that savings on to drivers. the proposed suspension is part of a larger plan introduced by president biden earlier today which the white house claims could save drivers up to $1 per gallon of gas. as kaitlan collins report
testified before them just last week on this very subject. and so if tax cuts don t pay for themselves, do they contribute to the deficit? yes, absolutely. no question that all the tax cuts since 1980 have contributed very substantially to the deficit, some more than others. so, and my third question would be, since you were an econ guy in the george h.w. bush administration when they re spending, let s say biden did his big infrastructure bill, when do we pay for that spending, right, because we don t pay for that at the time, aren t we paying for past spending now, money already spent, is that what he debt is for? yes the current situation is like an analogous to your credit card. the bill has come due and