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MSNBC Alex Wagner Tonight June 4, 2024 01:55:00

Around 98 billion dollars worth of benefits including medicare, medicaid, civil retirement payments, are scheduled to go out to social security recipients and people of disabilities. not making that payment will be devastating to retirees, especially low income seniors who, on average, don t have the resources to withstand the hit. in interviews with more than a dozen americans who receive federal benefits, nearly all said and may delay payment would have immediate repercussions on their ability to pay for housing and groceries. we re say case scenarios, doing without blood pressure medications, returning to work. the prospect of rejoining the labor force after years of being away made the makeshift. current msnbc political analyst claire mccaskill, clara, thanks so much for being with. yes let s get reaction from tonight s news. how significant is this? will we see an end by the end of the week? you know, alicia, this gonna ....

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MSNBC Alex Wagner Tonight June 4, 2024 08:54:00

The debt to avert cutattrophy. significant progress the new york times is reporting. top officials and republican lawmakers are closing on a deal that would raise the debt limit for two years while capping federal spending on everything from the military and veterans during the same time period. if this is indeed the deal we end up with that is good news for everyone. for one the debt ceiling won t become a campaign issue before 2025 and both democrats and republicans can claim some level of victory. republicans can say they delivered on their promise to reduce some federal spending while expanding resources for veterans in the military. democrats, on the other hand, can say they protected program from significant cuts. that last part extremely important because among those most likely to be affected by a default are senior citizen. today the washington post reported on june 2nd, a day after the treasury believes the u.s. could run out of money, roughly $98 billion worth of benefit ....

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MSNBC Alex Wagner Tonight June 4, 2024 04:54:00

Talk white house officials and lawmakers are closing on a deal that would raise the debt limit for two years, capping federal spending on everything but military and veterans in the same time period. if this is the deal we end up with, that is good news for everyone. for one, the debt ceiling won t become a campaign issue before 2025, and both democrats and republicans can claim some level of victory. republicans can say they delivered on their promise to reduce federal expanding while expanding resources for veterans in the military. democrats on the other hand can say they ve protected most domestic program from significant cuts. that last part extremely important because among those most likely affected by a default our senior citizens. the washington post reported that on june 2nd, believes the u.s. could run out of the money, around 98 billion dollars worth of benefits including medicare, medicaid, civil retirement payments, are scheduled to go out to social security recipients an ....

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CNN CNN This Morning June 4, 2024 12:09:00

You ve got about $79 billion coming in, in tax revenues. we don t know for sure because california, alabama and georgia tax collection has been delayed. you have corporate money coming in. maybe that gives you a chance to get to june 30th. what happens? there are more extraordinary measures the treasury secretary can do, and that is the spending investments into some federal retirement accounts that. could free up maybe $145 billion. but on june 30th you have 98 billion in payments due, including 12 billion in interest. you can t miss that payment. that s how you can squeak by by finding every nickel in the couch cushions. maybe, maybe there is a 1% chance you could get to early august. this is why the june 1st deadline is so important. it s prudent to plan for running out of money at that time. that s when the treasury has to decide whether to prioritize paying its bills, whether to ....

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MSNBC All In With Chris Hayes June 4, 2024 08:49:00

Centuries. they were particularly common as a way to raise funds back in the colonial area for private projects. that is something i learned in a conversation with jonathan cohen on my latest episode of my podcast. state lotteries in modern america, he thinks the lottery has gotten pretty out of control. it is a really important distinction between on these consumer side and on the state side. where the impact on the government is very, very small because as a share of the money that states make, it is a very small percentage, but as a share of the discretionary spending that a lot of poor people have, you will see that it counts suddenly for a lot of money for a lot of people. people are going to keep betting but there is no way without the cooperation of a state government, were these companies that americans are going to be at 98 billion dollars a year on lottery tickets. and 5%, 1% of players are still going to find a way ....

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