how conservatives and liberals think this country should raise and spend its money is a very, very valid discussion to have. sadly, that s not the one we re having. thanks to both of you, and solar and political economy in the american enterprise institute. he s the author of a dream is not dead, but populism could kill it. jennifer reuben is an opinion writer at the washington post, and msnbc political analyst host of the new podcast, jen reuben s green room. all right, straight ahead, we ll continue our breaking news coverage of the debt ceiling negotiations, which are ongoing right now. i ll be joined by congressman lloyd doggett, democrat of texas, and a member of the budget committee, as well as congressman adam smith, democrat of washington, and ranking member of the armed services committee. another hour of velshi begins right now. of velshi begin right now. and good morning to you, it is saturday may the 27th, i m ali velshi, the full faith and credit of the united
good afternoon to you. i m yasmin vossoughian, we have breaking news on the debt ceiling negotiations. word a short time ago of a white house meeting tomorrow between president joe biden house speaker kim mccarthy. a sign of hope after the two men spent today selling very different versions of the senator talks. i ve done my part. we put forth a proposal to cut spending by more than a trillion dollars. at the top of the nearly three trillion dollars of reduction, i am pleased to propose the spending cuts and new revenue. now it s time for the other side to move, they have very extreme positions. the president has really shifted right after the more progressive socialist wing of the party stood up and said they want to spend more money. he s now bringing something to the table that everyone said was off the table. so members of congress are holding their breath as we are just a couple days away from default, with the finger-pointing coming fast and furiously. i am putt
america from defaulting on its debt. biden has accused republicans of taking extreme positions on the spending cuts. they insist republicans have a red line when it comes to spending. history is a threat to our nation. i have something to say. morehouse college was found in 1867. it s a private historically black means liberal arts college in atlanta georgia. where they say leadership is learned from legends of old. it s a place where union soldiers died for freedom in america, and today morehouse college is a place where governor westmore, the first black governor of maryland, in the this third black governor ever elected to mark s history came with a simple but powerful message for the man of morehouse. our history is our power. they re continuing the hbcu tradition, and forging a brighter future. some in it are hell-bent on evoking their power. how? we ll take florida. just days ago, they banned diversity, equity, and inclusion programs in the state. and already limited th
not default in 11 days when the u.s. government runs out of money and is unable to pay its bills. we have team coverage of all of these new developments. phil mattingly is in japan at the g7 summit. let s begin with melanie in washington, d.c. help us understand where things stand. is the president optimistic? reporter: what i would say is the talks have not blown up completely yet but they are hanging by a thread. after a weekend of rejected offers, installed talks, the negotiators were really looking for a much-needed reset and they may have gotten it in that phone call today between speaker mccarthy and president biden. they talked a little bit about biden s trip but most importantly they agreed to meet one on one tomorrow, while staff will resume negotiations later tonight. here s a little bit more about what mccarthy said. i believe it was a productive phone call. so at the end of the phone call what we agreed to do is we re going to have patrick mchenry get back tog
good evening. we begin tonight with breaking news. signs of cautious optimism in the debt ceiling standoff with as few as ten days left before the federal government runs out of cash. with house republicans trying to extract major budget cuts in exchange for allowing new borrowing to pay the bills, president biden and house speaker mccarthy have just wrapped up talks at the white house. i felt we had a productive discussion. i believe we can get it done. we ll hear from the white house. earlier today, treasury secretary janet yellen reminded lawmakers of the stakes saying, it s, quote, highly likely, unquote the government will default as soon as june 1st. so, what s the status of the negotiations after speaker mccarthy s meeting? the talks are still very much alive, which is a positive sign, after a tumultuous weekend of negotiations. both sides are still very much committed to getting a bipartisan deal. speaker kevin mccarthy, as you heard, struck a very positive tone