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just warned of a new, and earlier drop down date for the yellow now says the country could run out of cash to pay its bills on june 1st, that is one month from tonight. if congress does not raise the debt line. he followed me disaster for our economy, everyone would feel the effects. yellen s warning came late today in a letter to top lawmakers this quote, it is imperative that congress act as soon as possible. tonight, president biden invited the top four congressional leaders to the white house to find some way to avoid the fault. last week of course, the gop led house passed a bill that raise the debt limit, but it included steep spending cuts. biden said absolutely no to that, and tonight he and mccarthy are still in a stand off. we will not pass the debt ceiling a fetus races without doing something about our debt. we pay our bills, and we should do the without reckless hostages on some of the many republicans in congress. meanwhile, the administration is also de
Joe-bidenU-s-CashMeetingRoomNegotiationJanet-youngNoteOnePeopleDefaultMass-shooting as president biden calls for a last-minute meeting. but is a room for negotiation? and what we are default mean for americans? then, the man hunt for a suspected gunman who killed five people in texas, the latest mass shooting putting a focus on america s unique gun problem. and representation matters, but tell introducing the first barbie dahl with down syndrome, as the 11th hour gets underway, on this monday night. good evening once again, i m stephanie ruhle live from los angeles, and i start with one question, are you buckled up? you had better be, because treasury secretary janet yellen just warned of a new, and earlier drop down date for the yellow now says the country could run out of cash to pay its bills on june 1st, that is one month from tonight. if congress does not raise the debt line. he followed me disaster for our economy, everyone would feel the effects. yellen s warning came late today in a letter to top lawmakers this quote, it is imperative that congress
WordU-s-WarningCashNoteThe-11th-hourStephanie-ruhleJanet-youngOne11Joe-bidenPeoplePoints, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the freeze leaves the gap where it is. Oil is still under 30 a b
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