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MSNBCW Velshi July 6, 2024

the time is ticking for congress to take action, because it s congress that has an exit constitutional responsibility here. they swore an oath to and the 14th amendment of that constitution says, the validity of the public debt of the united states shall not be question, which presumably means, you need to pay the debt. june 5th is only nine days from now. the house of representatives has adjourned for the long memorial day weekend. republican leadership said, they will provide 24 hours notice before scheduling voting days, and addressing the potential default. while some republicans might just be hoping to extract a greater cuts to the social safety net in exchange for not crushing the american economy, with others, the motivation is less clear. take, for example, the chaos caucus, a group of the most disruptive members of the republican caucus right now. the chaos caucus, many of whom are members of the freedom caucus, succeeded and complicating and stalling kevin m ....

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MSNBC Velshi June 4, 2024 14:52:00

The problem with that analysis, however, is that it leaves him with great risk for his speakership. so, it s going to be fascinating to see if he survives it. i m much more confident the country, the economy, and the debt ceiling will be taking care of. i wouldn t kevin mccarthy, however. michael, let s talk about the times when we ve come close to the debt ceiling, this debt limit breaching. in september 1995, this was was in a few weeks of hits. in 2013, weiner versus obama, we came within weeks of it. in 2011, we came within 72 hours. you re an african almost guy, we came within 72 hours. actual damage was done to the u.s. economy. interest rates went up. borrowing costs got higher, business confidence was affective, which of course deals with employment and jobs. we re getting pretty close here. these people who are talking about june 1st june versus june 5th, this is very serious that ....

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