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Credit union ready with military paycheck assistance if U S defaults

Transcripts for MSNBC The ReidOut 20240604 23:10:00

when you listen to marjorie taylor greene on the lead-in, she lives on pluto. of course these are issues regular people are nervous about. i think, you know, i can t sit here and say every veteran understands why the debt crisis is happening but they ll understand when they don t get their check. it s a pro-war, anti-military, anti-veteran party, and that s the reality of what we re dealing with, and congressman khanna and the rest of the committee have done a phenomenal job of holding republicans accountable for using veterans as a brokage chip. even the new republican congressman in the second congressional district of virginia said this is the only bargaining chip we have. that is droord that they openly admit they re using disability benefits and military pay to hold this country hostage. it is bananas, congressman, because they re literally saying that, as john said, they re saying we re just not going to pay the veterans in our own states. these red states have

Transcripts for CNN CNN News Central 20240604 17:13:00

the president has stressed that republicans also need to be making some concessions. but right now this is all heading into a very urgent and critical time frame with that potential default looming as soon as nine days away. and the clock continues to tick. arlette saenz, thanks so much. let s talk more about this with damien polletta. we re getting close here. i wondering if there s enough pressure on these lawmakers to get something done in time. i think there s denial on capitol hill that the june 1st date is real. what they don t realize is on june 2nd, tens of billions of dollars of secret service benefits are scheduled to go out. tens of billions of dollars of military pay. also medicare provider payments are going out. so there s this huge point, june 2nd, june 3rd, we could have an impact both with the military and seniors. they can be in denial all they

Transcripts for MSNBC The ReidOut 20240604 23:21:00

trolls care about are kicking low-paid working-class people for fun, sucking up to donald trump and just like matt gaetz said out loud, holding america hostage. i am joined now by maryland democratic congressman jamie raskin the ranking member of the oversight committee to investigate january 6th. always good to speak with you, congressman raskin. i have to tell you the joking and trolling and the lip balm disgusting option really infuriated me today as a story and i ll tell you why. let me put up this full screen. these are the debt payments that are at risk starting june 1st. $10 billion in military pay and retirement pay for our veterans. right before memorial day. $47 billion to medicare providers and 25 billion in social security benefits for our seniors and 1 billion in s.n.a.p. food and benefits to help kids eat and 6 million in medicare and a billion in individual tax refunds for people who filed their taxes and

Transcripts for CNN CNN News Central 20240604 15:10:00

hill. this is why they need to get to it in a real way. in ten days, the united states could default on the debt, $31 trillion of debt. government bills could go unpaid, because the government could run out of money to pay those bills, and those who rely on the social security checks, and medicare and military pay and messages around the world and a catastrophe for the global economy if this happens. mccarthy said they had a productive phone call over the weekend, but arlette seanez is at the white house. let s get a read there. arlette, we have a meeting time, but it is going without saying, so far from we have a deal, and we have a fix, and we will avoid this massive crisis. yeah, it does, kate.

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