Live Breaking News & Updates on Debt Ceiling Debacle
Stay updated with breaking news from Debt ceiling debacle. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Special counsel jack smith announcing the third indictment of donald j. Trump after months of investigating the former president and his allies and their efforts to overturn the 2020 president ial election. This hour well have indepth coverage of the accusations against trump and the new information were learning about his attempt to stay in power from that sweeping federal investigation. And well also look at how this latest legal issue could impact the president ial campaign as he has used previous indictments to boost fundraising. Good morning, and welcome to Way Too Early on this wednesday, august 2nd, a historic day. Im jonathan lemire. Thanks for starting it with us. And well begin this morning with history once again. Former President Donald Trump who took an oath to preserve, protect, and defend the United Stat ....
World. Ahead on cnn newsroom, crisis averted. Biden set to sign off on a deal to raise the federal borrowing limit. Heartbreak in india. Search efforts now underway after one of the deadliest Train Crashes in the countrys history. Plus, new video shows the moments before an iowa Apartment Building came crashing down. Live from cnn center, this is cnn newsroom. The Debt Limit Crisis in washington is over for now, and perhaps no one is more relieved than u. S. President joe biden. In his words, crisis averted. The stakes were enormous, the threat of failure hung over the country for weeks as the white house and Republican Leaders seemed locked in stalemate. But the hard work finally paid off late thursday when the u. S. Senate voted to suspend the debt ceili ....
world. ahead on cnn newsroom, crisis averted. biden set to sign off on a deal to raise the federal borrowing limit. heartbreak in india. search efforts now underway after one of the deadliest train crashes in the country s history. plus, new video shows the moments before an iowa apartment building came crashing down. live from cnn center, this is cnn newsroom. the debt limit crisis in washington is over for now, and perhaps no one is more relieved than u.s. president joe biden. in his words, crisis averted. the stakes were enormous, the threat of failure hung over the country for weeks as the white house and republican leaders seemed locked in stalemate. but the hard work finally paid off late thursday when the u.s. senate voted to suspend the debt ceiling and avoid catastrophic default. in his first oval office address on friday night, the president summed up his view of the make or break moment in u.s. history. passing this budget agreement was critical. the ....
economists say this one should not hurt the economy. joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama s national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflation, and ben harris, a former deputy treasury secretary says the most important impact is the stability that comes with having a deal. markets can function knowing that we don t have a cataclysmic debt ceiling crisis looming anymore. so, ron, explain that to us. explain what they re talking about. so katy, i m going to take answer number three as the most accurate one. i just think avoiding ....
it is an entire capitulation. kevin mccarthy is emasculating himself and the republican majority. emasculating. the republican chaos caucus is this mad about the debt deal,ia know president biden got a good result. also tonight, new reporting on the growing bad blood among trump s lawyers, including that one of them may have been misled about where trump was hiding classified documents. and presidential candidate and toy sized mussolini ron desantis unveils his authoritarian manifesto, vowing to destroy leftism and wokism. so, tell us how you re going to do that, ron. we begin tonight with a debt ceiling deal. and the wrath of the pro-default caucus. i m sure you have heard by now that after marathon talks over the weekend, president biden and house speaker kevin mccarthy reached an agreement on a deal to suspend the debt ceiling. suspend, not raise. that s important, and i ll get back to that in a minute. the house is expected to vote on the bill tomorrow. the hous ....