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michael steele in for katie feng and jonathan kaye part. immunity insanity, special counsel jack smith fires back at trump s presidential immunity defense and the federal trial. our team at msnbc legal and political analysts are standing by to help us break it all down. looking at that this new 80 page court filing and how it impacts the 2024 race for the white house, ahead. taking aim, ukrainian forces strike back after russia s biggest aerial barrage since the war began nearly two years ago. the latest overnight developments coming up in a live report. security and celebration. police across the country are beefing up their presence on the ground and in the air to keep new year s eve party or safe. we are live in new york s times square where nearly 1 million people are expected to bring in the new year under tighter security. we begin with the latest on donald trump s deepening legal troubles in a new filing on saturday, special counsel jack smith urged the d.c. appe ....
and lots of questions to answer, so let s get started. deal or no deal. congress leaves d.c. for the memorial day weekend without reaching a deal to avoid disastrous debt default for the first time in u.s. history, we are live on capitol hill with a new deadline, giving lawmakers a little bit more time to reach an agreement. plus, stumbling start, and unforgettable, maybe forgettable, launch for florida governor ron desantis s presidential campaign rollout on twitter. what we can expect from his campaign, plus the new exclusive nbc news reporting that desantis administration is actually hitting of lobbyists for campaign cash. later, travel at your own risk. the naacp issues a blistering formal travel advisory for the state of florida, saying it s, quote, hostile for black americans. president of the day naacp joins us live to weigh in on this rare rebuke. ahead. and a good saturday morning to you all, i am katie phang, we re going to start today s show with the nation t ....
events of january 6th? i a julián castro, let s ge started. spring is right aroun the corner and joe biden i breaking out his garden shears the president formally unveile his new budget proposal this week, aiming to cut the federa deficit by projected three trillion dollars over the next decade. in part through a ne 25% tax on billionaires. other provisions of the plan, th corporate tax rate would increase from 21% to 28%. ther is an increase in capital gain taxes along with it, and to th interest loophole. tax heights for oil and gas companies, and a curtail of covid related spending now, to be clear, no one in th white house is saying that republican controlled houses will actually adopt presiden biden s budget and its current form, there will be plenty o wrangling and negotiation in the weeks to come. so wh doesn t matter? the budget proposal is a sign of th presidents priorities, who h wants to help, and what he wants to accomplish with the rest of his term. in eff ....
And now we have the strongest economy in the world, the stock market is flirting with record highs, unemployment, all-time low, created more jobs than any american president in history. all he s going to do is sell his record, the fences record, and make the case, like you said earlier, that the other side is not just a throwback to republican politics, it is the end of democracy if we let this maga movement recapture the white house again. until that fever is broken, those are the stakes. if he makes that case, he s going to be reelected easily. thank you for joining. our cafecito corner today, for the monte and carlos covello, it s always good to see you. we need to make another bet here so did actually have cafecito. and katy, or in miami. it s cafecito and pat the need. those and [speaking in a non-english language] still to come, rising from the ashes. as recovery from the deadliest wildfire in modern history continues in maui, we are hearing new stories of ....