it s the top of the hour on cnn newsroom. i m alisyn camerota. i m victor blackwell. two presidents accused of mishandling classified documents and two special counsel investigations. there were no answers at today s white house briefing about why the biden team delayed for months to tell you why documents were found. we are learning that the documents from biden s team included briefing memos about foreign leaders. the justice department is still questioning if he has any of his files on his properties. the fbi got more than 300 from trump s possession after he resisted requests to return those. we re joined by phil mattingly and cnn s senior crime and justice reporter, katelyn pol polantz. phil, did we learn more today? reporter: we learned that if you have any questions, you should refer them to the white house counsel s office and the justice department or the special counsel at this point in time, and i say that somewhat in jest, but i think that s the reality
the point of default is a moving target as well. is it not, kittatherine? yes. so we still don t know for sure exactly when the so-called x date will happen. that s when treasury runs out of its so-called extraordinary measures. it s basically some accounting gimmick so they re moving money around. when it runs out of options, secretary yellen indicated it might be around june. that is also earlier than had been forecast last year for a few reasons including that interest rates are higher and inflation has been persistent for awhile longer and when interest rates are higher, that means the amount the government has to pay for its debt goes up. you had the student debt repayment pause extended. that costs money, and if of course, we have a recession this year, that would reduce tax revenues which could move the date even earlier. so this time bomb is ticking. the best time to have raised the debt ceiling was yesterday.
defense in terms of cyber. maria: yeah. i wish i think our viewers would like to see some honesty. i mean, we heard from the cbo this week that this spending and tax plan will cost $4.7 trillion. they continue to have these gimmicks that say the child tax credit goes away after one year, the parental credit goes away after one year, but the cbo has told us the cost of this, and yet they re not admitting it. do you think we will get a vote on this bill by year end? schumer has said on thursday he plans to bring it to the senate this year. you would think the two things that came out on friday would have been the one-two punch, each of which could have been a knockout for this; one, the inflation numbers. we re now at a 40-year high on inflation. and the other is the true cost, when you get rid of the accounting gimmick, we re talking close to $5 trillion, $3 trillion added to the debt.
and a lot more effort in our defense in terms of cyber. maria: yeah. i wish i think our viewers would like to see some honesty. i mean, we heard from the cbo this week that this spending and tax plan will cost $4.7 trillion. they continue to have these gimmicks that say the child tax credit goes away after one year, the parental credit goes away after one year, but the cbo has told us the cost of this, and yet they re not admitting it. do you think we will get a vote on this bill by year end? schumer has said on thursday he plans to bring it to the senate this year. you would think the two things that came out on friday would have been the one-two punch, each of which could have been a knockout for this; one, the inflation numbers. we re now at a 40-year high on inflation. and the other is the true cost, when you get rid of the accounting gimmick, we re talking close to $5 trillion, $3 trillion added to the debt.
trump playbook. the republicans are now going the say oh, this is an accounting gimmick, we can t stand it, is beyond bill: you would agree the polling shows a lot of americans not sure what s in it. what they like are the specific details. the polling is not very kind to how they think the president is handling the negotiations and stuff like that. but should we subsidize healthcare and reduce childcare costs they are positives. austan, they aren t going to do that, right? you throw subsidies to increase the prices not decrease it. there is nothing about these programs that meets the stated goal of reducing the cost of healthcare or childcare. it will all add to the price tag. we can disagree. bill: a 1.75 trillion delay debate that will continue for some time. nice to see you gentlemen, have