sandra: and we are waiting whatever will come from president biden and mccarthy meeting, about three hours from now, try to get the debt ceiling talks back on track, default could be catastrophic but even long damage even if we narrowly avoid it. warmed up and ready to go, i know you were talking about this last hour. we have breaking news on the hill just now, mccarthy was walking the hallways, he stopped, talked to some reporters for a split second. what he said i will just tell our viewers. he said that nothing has been agreed to in negotiations with biden on the u.s. debt ceiling. that would indicate, take away from you what you think of that, no progress yet. he also said the debt ceiling deal must be reached to get it through congress before june 1st. this week. and that echos comments we
It s rare for candidates to do that. the latest move comes more than a week after prosecutors unveiled a 13-count criminal indictment against santos, including charges of wire fraud and lying about personal finances. the congressman pleaded not guilty to those charges. a federal judge ruled a u.s.man accused of leaking classified documents will stay behind bars while he awaits trial. the suspect appeared in court friday. in his ruling, the judge said the 21-year-old showed a, quote, lack of integrity and that his alleged actions put countless people at risk. he was charged for allegedly removing a trove of documents and posting them on social media. he has not yet entered a formal plea. u.s. debt ceiling standoff looms lashlg in japan. we ll bring you the latest on
The same page about raising the u.s. debt ceiling. the president and senate leader kevin mccar are at odds before the country falls into debt. democrats and republican leaders have yet to find common ground. there is no movement. we re only a couple of weeks away. if you look at the timeline to pass something in the house and pass something in the senate, we have to have a deal and we re nowhere near any of that. the u.s. treasury secretary warns that the u.s. won t be able to pay its obligations. joining me now, michael neal, a scholar at the princeton urban institute. thank you very much, rosemary.
Congressional leaders at the white house to once again try to increase an increase in the u.s. debt ceiling. a deal has to be reached by june 1 to avoid defaulting. but with the current stalemate americans are starting to get nervous. i get calls about the debt ceiling now more so than i ve gotten in five months that i ve been in office. so people are really worried because they are not hearing or seeing progress. so yeah, people are starting to understand the catastrophic consequences that would exist if we would default. treasury secretary janet yellen has also warned officials the u.s. treasury won t be able to satisfy the government s obligations come june unless a deal is made. fears of a default have made their way to wall street where markets could receive a major blow if one happens. here is a look at the u.s. futures. currently down on the s&p and dow but up slightly on the
President joe biden is set to meet with congressional leaders at the white house to try to get on the same page about raising the u.s. debt ceiling. there have been add-ons over the matter as the nation inches closer to defaulting on tourism dollars of debt on june 1st. treasury secretary janet yellen warns a default could come with serious consequences. she says quote, if congress fails to increase the debt limit, it will cause severe hardship to american families, harm, the global leadership commission, and the ability to defend our national security interest. has become mccarthy does not seem optimistic they will meet the deadline. i appreciate the president finally trying to talk about 97 days, but there is no movement. we are only a couple weeks away. it took a timeline, passes a bill in the house to pass something in the senate, you ve got awesome again by this weekend and we are nowhere near