that they don t want to default. they want to avoid that, but they don t agree on how to do it. mccarthy wants to hold it at hostage in return for massive cuts on discretionary programs meaning basically everything but social security and medicare which along with defense, make up the clear bulk of the budget while president biden has been adamant that no cuts are on the table. none. so what are these guys going to talk about? and how will mitch mcconnell, chuck schumer and hakeem jefferies factor in? they will also be at that may 9th meeting. does it end an agreement to disagree until this fall? in other words, a short-term deal to avoid collapse? because that is what economists are worried about, a default that will send the markets into a freefall, add rocket fuel to inflation, slash millions of jobs, cut off social security payments and veterans benefits and drag the u.s. economy into an ugly and potentially prolonged recession. no one wants that. joining me now is nbc n
the wall street analysts and everyone looking at the streej business has gotten skeptical whether they can turn night a real business that will match television. we ve seen this explosion of content over the past decade on these streaming services largely and the writers feel that they have been left behind and the rug has sort of been pulled out from under them because all of the residuals and the minimums that apply to streaming, are much lower than apply to the traditional television business. at the same time episodes for these series are shorter and smaller orders than in the past. the writers feel they re making less money while the companies are expanding their streaming businesses, even if they haven t quite figured out how they will make this into a real wise i read a stat, 85% of the country subscribes to at least one streaming company, which is a very large number. who still is making all the money and doing well in this new