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now congress failure to reel in post-pandemic spending is forcing the central bank to tighten credit, choke spending and heighten risk of recession. in reality, this is not debate about spending, but who is going to do the spe spending. todd: alexandria hoff has more. alexandria: june 1 is the day the treasury secretary janet yellen has given for when it is debt limit must be resolved, if not, world implications would follow. today president biden and kevin mccarthy will meet after what was called a productive phone call last night. i just finished a phone call with the president, he s flying back on air force one. we re talking about his trip there and positive things that took place and spent time talking about the debt ceiling and where we are and i believe it was a productive phone call. we can solve some problems if he understands what we re looking at. we have to spend less money. alexandria: the president arrived back from washington. in japan, president ....
President is responsible for everything, biden would take the blame and that is one way to make sure biden is not re-elected. alexandria: the president is saying some republicans want casta strophic default for political gain, republicans say, no, it is about spending. all joe biden is doing is trying to find every nickel from every couch from every american to pay for his radical spending. the president has been jacking up spending and now wants republicans to accept that new baseline. what they want, not to pay interest on the debts, they want to pay the $6 trillion in other government spending. alexandria: the timeline, say a deal was made tomorrow, we could be looking past the june 1 deadline. ashley and todd. todd: thank you, bring in house oversight committee james comers comer, that timeline alex ....