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this deal fails completely. this is a career defining vote for every republican. this group will oppose it. we will continue to fight it today, tomorrow and no matter what happens, there s going to be a reckoning. while you were celebrating memorial day, all of our men and women that gave their lives for this great nation and you spent time with your family and friends, this town was cutting another crap deal that will put you more in debt with no real changes whatsoever. that was byron donalds. he s here in moment. first to chad pergram that just spoke with speaker mccarthy. chad? good afternoon. kevin mccarthy believes he will have the votes. but some republicans are skeptical. he is struggling to sell this plan to some members of the gop. the idea that we fought so hard to get those work requirements and welfare reform, or the idea that you can make the president, if he wants to add a new regulation, that now he has to offset that, we haven t had that bef ....
hello. i m abby phillip in washington. and happening right now, supreme court hearings underway that could effect millions of people who owe money on their student loans. justices are hearing arguments in two cases, challenging president biden s plan to wipe away more than $400 billion in student debt. six republican-led states and two individuals are challenging its legality. let s bring in cnn s jessica schneider and renee marsh. both are at the supreme court right now. jessica, i want to start with you first. it s no surprise, this is a conservative court. and so far, it sounds like they ve been pretty skeptical of the biden administration s argument so far. tell us about what s been happening. that s exactly right, abby. the conservative members of this court are really giving considerable pushback on the idea that president biden and his administration can even put into place this sweeping debt relief. they re really zeroing in on the price tag of this program, m ....
I do understand that many americans, frankly, are concerned about our nation s dealt and also concerned about what happens if we do not raise the debt ceiling here. my position is very clear. if we re going to raise the debt ceiling, we have to have sizable cuts in order to do so. because whether we re $32 trillion or $35 trillion or 39 trillion, if we don t cut our spending down, that debt will crowd out every other piece of spending that our government does and something that the american people will want government to do. we have to get fiscally responsible. that time is now. trace: so you re still a no on this. it wasn t long ago, a couple of hours ago, you literally called this a crap deal. has your position on that stance softened at all, congressman? did you come toward the speaker in any capacity? no, my position hasn t changed. look, you know, with respect to speaker mccarthy and the members of his team that were in the negotiating room, i do understand all the dynamics ....
Say that they are not eligible for any of this debt relief. so, abby, a lot on the line here for millions and millions of student loan borrowers, who are really waiting for the supreme court to act here, to determine if that debt will, in fact, be relieved. abby? yes, exactly. so much on the line. and to that exact point, renee, you ve been covering the rallies outside of the court today. what has been the reaction among the protesters gathered there to all of this? reporter: yeah, you know, as jessica put it, abby, a lot of people in limbo at this point. outside of the supreme court today, we saw students, we saw, you know, student loan borrowers. we also saw advocates, all with the same shared story of basically drowning in debt. we heard lots of different stories out here from the 25-year-old living in new york city with her parents, afraid that she may never realize the american dream of financial freedom or home ownershipship, because of her college debt, to ....
The fiscal cliff can be avoided. The key to avoiding this and future fiscal calamities is reform of the mandatory spending programs, from welfare to Social Security, that currently drive federal deficits. ....