set. this is what we re watching at this hour. thank you for being here. i m kate bolduan. the battle over the nation s debt ceiling is upon us. the united states just hit its borrowing limit of $31.4 trillion. and that means that the treasury department must now begin to use a series of what is called extraordinary measures to avoid default. extraordinary measures that are no longer so extraordinary since they have been they ve had to be used so often. this is a completely avoidable problem that falls entirely on congress to raise the debt limit. something that republicans with right now refusing to do without cutting spending to the actual bills that have come due, by the way. democrats say that is not on the table. if the u.s. defaults, it will cause absolute chaos in the global economy. christine romans is standing by for us with this. kind of saw this one coming, christine. but we have hit the moment. what happens now. so, kate, the clock starts now. once the u.s
short. do you new expect any type of plea agreement orfrom baldwin o gutierrez reed. that is unethical to talk about any plea deals. were they given a heads up that this was coming. they have. and what were those like. we ve been constant communication with opposing party counsel for the last week sixes. they didn t know exactly what was comingba they were aware that we were contemplating charges and aware of what the contemplated charges were. and so what happens next? once the charges are filed, i assume is tomorrow. that is-t will be before the end of this month. before the end of the month. then what happens? are these defendants required to come back to new mexico or will they pbe placed under arrest. we will not be asking for arrest. the way that we handle it is we ll send out what is called a summons from the that. the court will set what is called a first appearance or an