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MSNBC The Sunday Show With Jonathan Capehart July 6, 2024

speaker kevin mccarthy has yet to issue a budget for the next fiscal year. but did manage to cobble together one frankenstein monster of a debt ceilin proposal this week mccarthy presented a sweeping 320-page bill tha would pair 4.5 trillion dollar in spending cuts with a 1. trillion-dollar increase in th federal dilemma that would kee the bill collectors at bay until march 24th, just in time for the campaign season to hea up the white house says thi spending cuts wish list tied t the debt ceiling is nonstarter meanwhile, golden sach economists are saying that the united states could crash th limit on borrowing for thing already purchase as early as the first week and june. mccarthy has a more immediat problem. the speaker doesn t have the votes just yet to pass his plan that snot good for a perso who only holds a four seat majority but took 15 ballots t win the gavel. still, he insists that congres won t allow the u.s. t default. sure, jan. joining me now, director ....

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MSNBC The Sunday Show With Jonathan Capehart June 4, 2024 13:08:00

Of the agenda. what is the tax policy agenda. do we spend all the cuts t middle class families on tax giveaways to the wealthy that is what you lose by not putting on a budget, and it is vague on purpose office of management an budget director, shalanda young, thank you very much for coming on to the sunday show. thank you, jonathan and joining me now, congressma brandon boyle, ranking democratic member of the house budget committee and member of the house ways and means committee. congressman boyle, welcome back, to the sunday show great to be back with you the white house has calle speaker mccarthy s that debt ceiling plan a quote, deb ransom note. while the republicans cannot agree on their bill. is a debt ceiling cras inevitable no, i wouldn t say that i is inevitable, fortunately i mean, after all, raising the debt ceiling is something that ....

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MSNBC The Sunday Show With Jonathan Capehart June 4, 2024 13:02:00

That snot good for a perso who only holds a four seat majority but took 15 ballots t win the gavel. still, he insists that congres won t allow the u.s. t default. sure, jan. joining me now, director shalanda young. director young, welcome back t the sunday show. thank you, thank you so much before we get to the specifics of speaker mccarthy plan, citing what they called, weak taxed collections economists at goldman sachs ar predicting that the united states could hit that debt ceiling limit as early as th first half of june is that an accurate assessment look, we will know what we like to call in d.c., the ex state, when the secretar treasury tells us what that is so i will leave that announcement to her in the treasury department will have better sense once they speak t that and can you confirm reportin in the washington post thi morning that there have been discussions in the white house about the possibility of ....

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MSNBC The Sunday Show With Jonathan Capehart June 4, 2024 13:04:00

Catastrophic calamity. economic calamity for families in exchange for cuts that hurt middle class and working class families the president has said, we are happy to talk about spending if you want to talk abou fiscal responsibility, thi president has a record o fiscal responsibility. he s presided over 1.7 trillio dollars in debt reduction hi first two years, so if you wan to have a serious conversation about that, we are happy to do that and not while you are puttin the full faith and credit of the united states hostage. i skimmed the 220-page bill cut this, cut, that a work requirement for snap benefits, cutting green job initiative and other things to shift away from fossil fuels. a lot of things that are the presidents priorities. is there anything in the deb in speaker mccarthy s debt ceiling plan that the presiden would be willing to negotiat over so, jonathan, in this town, ....

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MSNBC The Sunday Show With Jonathan Capehart June 4, 2024 13:03:00

Raising the debt ceiling unilaterally, how could th president do that? so, jonathan, we have a lon record and we ve spoken to thi several times. we believe in congress has t do its constitutional duty and avoid a default in thi country. we have always paid our bills, we are a country who pays ou bills. that is a responsible thing to do, congress and a bipartisa way to three times with th last president, and they nee to do it again one of the things speaker mccarthy is saying is that h won t sit down and negotiate he said he would, but we haven t talked since earlier this year. now that speaker mccarthy ha released his debt ceiling plan why won t the president si down and negotiate with speake mccarthy the last we checked get sealing and making sure we don t default on our debt an we risk the full faith of th united states has been taken off the table. especially not by hous republicans. as you mentioned, 320 page bil that says, will avoid default, ....

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