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careful because you re playing with fire. they warned that if you wait until the last minute to raise the debt ceiling, you risk an accidental default, which would be catastrophic for the economy. they acknowledged that we re in divided times right now politically but that doesn t mean we should default on our debt. what would a default mean for the economy, moody s analytics put out a report, and they said that if there was a default and a prolonged impasse over resoe resolving it there could be 6 million jobs that would disappear. unemployment rates would jump to 9%. payments would be delayed to social security recipients, federal workers, $15 trillion in household wealth would vanish, so bad. all of this explains why everyone expects congress to eventually do the right thing. no one wants to be held responsible for this, but we should point out that the longer they wait, the closer they get to the edge of the cliff, the greater the chance they accidentally go over it ....
authorities, a miles-long steel barrier of texas state trooper vehicles has gone up. to deter the up to 30,000 haitians cnn has been told could be heading towards the border. if you are targ etsing texes too come to, we re going to show up in force and shut down the border. reporter: tonight, the camp beginning to dwindle in size. the fate of the migrants still there uncertain. some are returned to their home countries. others, like ruiz from haiti, are allowed to stay. he feels well that he is able to stay. blessed? one by one, migrants under the bridge, many of whom are haitian are loaded onto buses and transported to u.s. immigration processing facilities. we do enforce our immigration laws. those are not only the laws of humanitarian relief, but the laws of accountability. for those who seek to enter illegally, and do not have a claim for relief under law. reporter: some are expelled to haiti and other countries under a pandemic health rule. and nearly a tho ....
and good evening. i m erin burnett. out front tonight, the breaking news. standoff tonight. it is a major test for president biden playing out on the house floor tonight. a little standoff between republicans and democrats over the debt ceiling. and later tonight, there is going to be a test vote on the house floor. now, this is important because no republican that we know of at this time is willing to vote in favor of allowing the debt limit to rise. now, here is why this matters to all of us. according to the congressional budget office, if congress does not do something, in other words raise the debt ceiling so that the united states is allowed to issue more debt, the federal government s going to run out of money, likely as soon as ten days from now. it says october or november. october, obviously, starts in nine days. and this is a big deal because it would lead to the first american default in history. treasury secretary janet yellen warning in a wall street jour ....
racing toward what janet yellen calls economic catastrophe, thanks to congress and lawmakers on both sides of the aisle engaging in a game of chicken with the economic recovery at stake. america is on the verge of default unless congress raises the debt limit. house democrats expected to vote today on a bill that would essentially dare republicans to vote against it. minority leader mitch mcconnell indicating he s not budging. since democrats decided to go it alone, they will not get senate republicans help with raising the debt limit. default or economic catastrophe would be the worst birthday present ever for brianna keilar. it is her birthday today. happy birthday. thank you. on top of that, house speaker nancy pelosi says the fate of president biden s economic agenda faces a critical 48 hours. she s trying to lock down a deal on the huge spending package. also the bipartisan infrastructure deal. but as reported, it is currently open warfare between progress ....
folks in some states who say they d rather be divided by red and blue, right? that talk has never really gone away. i think when you see things like january 6th, these increasing domestic terrorist threats, right, you see that, until we confront the truth of our past, then, yes, these crises will reemerge in new ways. we just cannot afford to be divided in the way that we are when we re looking at things like climate change. a hurricane does not care if you are republican or a democrat. it is coming to destroy your community and to impact the lives of those among us who are, you know, the least privileged and the most marginalized. this is a time for not only reflection but urgent action. michael, what is the thing that could unite the country or at least, you know, soften the edges of the division? you ve heard me say this to both you and to john previously. too much power rests now with the fringes. we ve allowed people to command the use of too many microphones. ....