if you can time the shot right. welcome to meet the press daily, i m chuck todd on a very busy september tuesday. this is going to be a september to remember politically, that s for sure. president biden wrapped up his first address to the u.n. general assembly this morning, questions about america s credibility and leadership on the world stage, at least trying to answer some of those questions. we will bring you more on his address, the reaction to it in just a moment. we want to start here in washington. the president and his democratic allies are facing a tangled web of legislation, urgent deadlines and there s inter party divisions to navigate. it s not hyperbole, it s just a fact that the biden agenda, the progressive vision, infrastructure, future of the democratic party, health of the economy, fate of a government shutdown they have all been intertwined. if you re joe pesci from my cousin vinnie what do you do you want to put on this truck. seems like leaders
this is cnn breaking news. top of the new hour, thanks for staying with us. i m victor blackwell. and i m alisyn camerota. democrats announcing moments ago they will tie an increase in the debt limit to the government spending bill. this move sets up a looming show down with republicans. for more, let s bring in manu raju and lauren fox on capitol hill. lauren, i want to start with you. walk us through what this decision means and how it will work. essentially democrats are daring republicans to vote against an increase in the debt ceiling. there of course is a looming deadline coming sometime in mid october to raise the country s debt limit for what democrats say is money that they have already borrowed. with republicans, given all of the spending for coronavirus over the last year and a half, now, republicans have been saying over and over again that they are not going to join with democrats to actually increase that debt limit. here democrats are saying if you want
at the white house and on capitol hill, folks are trying to navigate crises all of them coming to head in the next few days and weeks. there s covid, where president biden is planning to lay out a new plan tomorrow to get through the delta variant. there s afghanistan, where the secretary of state is preparing for a grilling on capitol hill in multiple hearings. there s the threat of a government shutdown at month s end unless congress acts and the potential for a debt default just a few weeks after that. all as democrats continue to spar over the size, scope, timing and political strategy surrounding the president s overall agenda and what s referred to as that massive reconciliation package which has been tied to biden trillion dollar bipartisan infrastructure bill. the latest drama comes after joe manchin reiterated he will not support a $3.5 trillion deal. nowhere close to it. he s reportedly signaling he might only back a bill that s less than half that size or half at b
i m jim sciutto. there is a possible government shutdown on the horizon. the office of management and budget is now instructing federal agencies in case to prepare for a possible default. lawmakers have just seven days to prevent the government from running out of money. democrats are considering a party line vote to avoid a shutdown as president biden works behind the scenes to keep his two-track budget and infrastructure strategy alive. democratic lawmakers are running out of patience as they remain divided on that price tag, $3.5 trillion for the spending bill. the white house says it s par for the course. the president s always been open to negotiations and discussions and knew that he was not going to be alone able to wave a magic wand and pass a proposal. cnn s chief congressional correspondent manu raju joins us from capitol hill. i always ask you to handicap these things because you ve seen drama there and last-minute deals or failure to reach deals. where to
all the major averages positive on the week with one day to go. they have gone a long way with this double day performance to trim those losses that we had in the month of september for all of the market averages. so what s going on here? let s go to susan li keeping track of these developments right now. susan? yeah, neil. talk about volatility. this week we ve been down, now up. started off with a huge sell-off monday with the dow down almost 900 points at the bottom. two straight days of gains. we re up now on this week. it s like monday didn t even happen, which was the worst day for the markets since mid may. that s the offset by today s rally, which is the best day since july. virtually every stock was up on the do you joins industrials like sales force. your consumer brands like nike, industrial bank all on the up and up. it s not like everything is okay. still have the looming threat of a debt default. the federal reserve has indicated that they re still going to re