how conservatives and liberals think this country should raise and spend its money is a very, very valid discussion to have. sadly, that s not the one we re having. thanks to both of you, and solar and political economy in the american enterprise institute. he s the author of a dream is not dead, but populism could kill it. jennifer reuben is an opinion writer at the washington post, and msnbc political analyst host of the new podcast, jen reuben s green room. all right, straight ahead, we ll continue our breaking news coverage of the debt ceiling negotiations, which are ongoing right now. i ll be joined by congressman lloyd doggett, democrat of texas, and a member of the budget committee, as well as congressman adam smith, democrat of washington, and ranking member of the armed services committee. another hour of velshi begins right now. of velshi begin right now. and good morning to you, it is saturday may the 27th, i m ali velshi, the full faith and credit of the united
and, try nervive pain relieving roll-on. i m joined by democratic congressman lloyd doggett of texas. he s a member of the budget, ways and means committee and the democratic congressman adam smith of washington, the ranking humbert of the armed services committee. gentlemen, good to see you. thank you for being with us. i want to bring you the latest news of although you may know this already. a democratic source familiar with negotiations tells nbc news quote, we are very close but not done yet. as to whether there could be a deal today, the quote is still possible but not planning for anything eminent to be announced. the source also says president biden remains engaged from camp david where he is expected to be until sunday. he s got no events, no movements, no schedules, and then as the negotiations continue, we heard that the negotiations went on until 2:30 this morning. so, let me start with you, congressman dog. you and i have had this
job, which is to establish the for the country. and engage in what s called reconciliation instructions. most years they can t and they can t do either. so, right now, we re at the point where congress is trying to establish spending [inaudible] maybe some work requirements, falling back some of the covid money, and that s the parameters of a deal. that s what they want to do. and i suspect we re going to get there, but holding the full faith in the united states government at bay here is not a good strategy. this is one let s talk about the options here. we have been thinking about the options, or something called a discharge petition, something you have been involved in the past. there is the invoking of the 14th amendment. as of right now, based on the messaging that we re hearing from the white house, from president biden and from kevin mccarthy, and his lead negotiators, it doesn t seem like we re headed that way. it sounds like they re moving
their bad policies. so, congressman smith, what do you think is gonna happen here? again, even just to approve this, whatever deal happens, it is a several day process. it will be a few days, speaker mccarthy is saying three days before a vote. but he has to inform his membership first. he has to discuss it. and then he needs to put it out in public. once the house passes it, i don t know what that math looks like. but presumably, it will pass. then it goes to the senate. all this, as congressman docket says, has to happen by next sunday night. what s your sense of whether this is gonna unfold? two quick things for that. one, as lloyd pointed out, republicans, they don t have a budget. they can t even pass and this. in fact, they try to pass a couple of appropriations bills, they don t have the votes even to make those small cuts for the grants that are there. they can t do that. also, october 1st is when the fiscal year runs out. we can have this debate on october 1st as we should
towards a deal, but 90s away is not as long as it seems. yeah, i think they re going to get to a deal. it s really not that difficult that the challenge for, i think, speaker mccarthy right now is how many house republicans will vote for this deal. i think house republicans, when they pass that bill a few weeks ago, save limit grow, they say raise expectations among their most hard-line members, who will not likely vote for any agreement. and so, whatever the agreement is that will be found in the next few days, it s going to disappoint them, and they re going to need at least 100 democratic votes, and my estimate, in the house, pass his challenge right now. he ll get an agreement, and he ll get it done. the question is, how many house republicans, in the end, will vote for it. that was always part of a group that would vote for these agreements. it s usually a minority.