politics. i m john king in washington. thank you for sharing your day with us. in just hours, a meeting with crippling consequences if it leads to nowhere. congressional leaders head back to the white house to talk through a debt deal, but democrats already worrying prooid sounds close to caving. plus a picture of fear. new and disturbing video shows a baseball bat-wheeleding attacker. beating two staffers at a congressional office. and ron desantis nears a 2024 launch. he will enter the rain rays with infrastructure and big money, but also with deflated expectation was a months of fierce donald trump attacks. up first for us, time to get serious. debt talks are going nowhere. congressional leaders head back to the white house at 3:00 p.m. it s clear the principles enter the debt limit showdown in very different head spaces. kspeaker mccarthy seemed sour o striking a deal. team biden sounds far more optimistic about progress towards a com promiez. not exactly welcome
tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be the ne
how much spending are we going to cut, and we ll move forward. i want to ask you specifically. you said on the republican bill, it didn t cut enough spending. if you have defense off the table, if veterans is off the table, that s my question to you. are those things off the table for you? or should defense, should department of homeland security entitlements all be on the table? everything should be on the table. the democrat plan takes us to $58 trillion of debt. the republican plan saves us $5 trillion. that s unacceptable. the republican plan is unacceptable and the democrat. it s a bipartisan bankruptcy. that s what we have too avoid. but the military is on the table. we have a failed procurement system in the muilitary. we have other ways that need to be cut across the board. you don t run a trillion and a half dollars of discretionary spending without having waste. so is the republican plan on
payer healthcare system, paid leave, parental leave, free child care, tuition free, the public and vocational schooling. a trillion dollar reparations to black americans. how are you going to pay for all of that? well, you know, it s interesting. right now take something like healthcare alone, university of massachusetts at amherst has just come up with a study that said over the next ten years, it would save us $5 trillion to have medicare for us a. we pay 18.3% of our gdp goes to healthcare. if you look at countries that have universal healthcare, look at germany, canada, maybe 10%, maybe 15. the question is how do we not afford to? look at what we re paying in healthcare now. we have an 88 billion dollars medical debt. one in four americans are living with medical debt. 68 neil: you re right about that. but the idea is paying for it up
it s an issue in our british election coming up soon is that of wealth summers. larry summers, he s got new analysis outs with an academic colleague. he s saying unless the irs improves its enforcement action, the top 1% of taxpayers over there on your side of the pond will likely avoid around 5 tl s $5 trillion of taxes in the next decade. that 1% responsible for 70% of tax under reporting, guys. thank you, willem, great seeing you. coming up next, we re going to get the axios treatment on the morning s top stories. a lot of ground to cover over the next three hours, leading up to our special coverage of today s impeachment hearings. the key testimony from yesterday s impeachment hearings as we look ahead to this morning s highly anticipated testimony from ambassador gordon sondland. we re also gearing up for tonight s democratic debate from