All Eyes on Debt Limit Votes in the House - Over the weekend, President Biden and Speaker of the House McCarthy (R-CA) reached a deal to raise the debt limit for two years.
President Biden and Speaker of the House McCarthy reached a deal called the Fiscal Responsibility Act to raise the debt limit for two years. If the bill advances out of the House, the Senate needs to pass it prior to Monday, June 5 as Yellen announced June 5 is the deadline.
do you think mitch mcconnell blinked? no. what i think mitch mcconnell said is consistent with what he said all along. we re not going to default. we must not default and we won t. neil: he also said he would never help out. democrats have to fix this on their own. now they re not on their own. ultimately the proposals that he makes require the democrats to have 50 votes plus 1 to break the tie. republicans would allow democrats to get on to that kind of a bill, the debt limit votes would be provided by republicans and democrats that are interesting. the increase in the debt is driven by two things. one, the 1.9 trillion package at the beginning of the year, march, where no republican was included on purpose. they did it unreconciliation. that was for covid. more than half of it didn t go to covid. went for social spending. now this big package, the 3.5 or
against mitch mcconnell in kentucky, steve stockman running against john cornyn, they re outside contenders, long shots. but cornyn and mcdonnell are both nervous that with the debt limit votes, this could get some traction. does john cornyn wear wool pants? i can t figure out the attack. it was just one of those things like maybe those pajamas that are nonflammable. it s basically weird things steve stockman tweets. you believe probably start a whole show if anybody cared about what steve stockman was tweeting. thank you. we ll be right back. we ve got our valentine s day special data bank. first the white house soup of the day. it s the friday staple, raj uncajun g uncajun gumbo. we ll be right back. in good shape? yea. yea, of course. [ sportscaster talking on tv ] last-second field go yea, sure ya did. [ male announcer ] introducing at&t digital life. personalized home security and automation.
absolutely no power to do anything about oil prices was amazing. and the thing about that is, donald, as you recall back in 2008, he was making the same arguments about then senator running for president about, look, you know, we need to be doing this and this and this. ok. he s got three years under his belt. you would have thought he had done some of that stuff. he did none of it and now we re in a pickle. and lots of votes like debt limit votes and then he went against that and he does lots of things and did lots of things before he was president that all of a sudden, he turned on. but if you look at what is happening with oil prices, we could have we re in a very fragile state, the economy, and you look at what s taking place with respect to oil prices, it could be the end of the economy but it could also be the end of obama. and energy secretary has said that will be a good thing about energy prices if gas prices went up and actually got the job after that statement and