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FOXNEWSW Your July 6, 2024

there live. with eight days to go with a possible default, wall street is getting nervous again. stocks down again. will the markets get washington to act? welcome, everybody. i m neil cavuto. let s cut to the chase. what we re hearing in washington with chad pergram who has more. chad? good afternoon. kevin mccarthy reiterated today that people should not worry about their stocks. the path to an accord is unclear. the sides talks again today at the white house. i don t think there will be a default. i don t know how you blame republicans. we re the only ones that acted. so if the american public didn t if they get rewarded for not taking an action and reward ago problem, the democrats will win that award every day. mccarthy says he trusts janel yellen that early june is the deadline. some conservatives are not sold. some down played an economic catlism. there s not some catastrophic day of june 1. oh, we ve hit the limit. markets will get jittery. they go up ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:16:00

That. in other words, unless tax increases, corporate tax increases were part of that. so this is continuing and the language has changed to the degree that this is why we saw big drop on the corner of wall and broad today. stocks swooning on the notion. you know how this goes. the better the prospects look for a debt deal, the better for stocks. the less it is looking along the way. you see a sell-off as you did today. we re keeping a close eye on it. again, that june 1 deadline really isn t that far away. after that, it takes two weeks to cement that, get something cobbled together in the house. ultimately have it voted on in the senate. this is far from a done deal. that is what is rattling folks. we ll keep an eye on that. also keeping an eye on presidential politics and ron desantis making it official today that he is indeed joining what is going to be likely now a pretty crowded field for president of the united states. ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:38:00

Commitments. we put i m wondering where you see this going and where republicans might sort of play this. i think there s always something that you have to be willing to sacrifice at the negotiating table. a longer term strategy is one that they could sacrifice. i ll say this. when you look at where the american people are coming out on this, they re saying that they agree with the republicans, that they agree that we need to increase the debt ceiling while lowering spending. nobody wants to increase taxes. 70% of americans say they don t want to increase taxes at this time. so if the deal is not reached, this will fall on the shoulders of the democrats and not the republicans. for once recently, republicans seem to be on the right side, on an issue that most people agree with them. neil: franchesca, this overarching the other figure ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:32:00

Deal don t misread everything. i think things are better than they were yesterday. how do you think about the vote? what is the the threshold internally? when we come to an agreement it will be a good agreement for the american public and we ll get it passed. have the cbo started scoring we re not there. is mchenry still at the white house? yeah, one other issue i wanted him to work on. what is it? it s an issue he s working on. work requirements still part of this discussion? i ve always said work requirements are part of the discussion. is that a red line for the white house? work requirements? look, i know they have a position and i have a position. the one thing that we all know is senator biden voted for them. president clinton signed them in to law and they made america ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:39:00

To which lee was at leasting is this 60 plus percent of the american people who are taking the side of kevin mccarthy addressing these spending concerns as part of an overall deal. you still have a lot of democrats saying debt ceiling, debt ceiling only. that band of progressives saying that is shrinking. i m wondering what you make of that. really at this point a distinction without a difference as to whether or not there s a negotiation over the debt ceiling or budget talks. they re both in play. that s what s being talked about. you referred to the politics of this. president biden indicated during his press conference sunday morning he s worried that he s the one that would get blamed for this regardless of how the talks break down. he suggested that republicans would intentionally of course try to blame him for this by tanking the talks. so it s certainly the president ....

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