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states hits today and that is the legal limit. if congress does not raise that limit, the country risks default which would have almost unmanageable consequences. now the treasury department is taking what are called extraordinary measures to push that date back a bit. but they can t do it forever. this morning cnn has also learned that president biden still plans to announce he is running for re-election. he does plan to announce that bid after the state of union address next month. those are the plans that are in place. there are new details this morning about how this special counsel investigation into classified documents at his home and office may have impacted that timing. and embattled new york congressman george santos wrapped in yet another lie as newly uncovered documents contradict his claims that his own mother was in the south tower on 9/11. just the latest in his string of lie lies. but we begin with the u.s. hitting the trillion dollars borrowing limit. ....
set. this is what we re watching at this hour. thank you for being here. i m kate bolduan. the battle over the nation s debt ceiling is upon us. the united states just hit its borrowing limit of $31.4 trillion. and that means that the treasury department must now begin to use a series of what is called extraordinary measures to avoid default. extraordinary measures that are no longer so extraordinary since they have been they ve had to be used so often. this is a completely avoidable problem that falls entirely on congress to raise the debt limit. something that republicans with right now refusing to do without cutting spending to the actual bills that have come due, by the way. democrats say that is not on the table. if the u.s. defaults, it will cause absolute chaos in the global economy. christine romans is standing by for us with this. kind of saw this one coming, christine. but we have hit the moment. what happens now. so, kate, the clock starts now. once t ....
Timing, not the case itself . I am not leral timing, not the case itself . I am not legal expert, timing, not the case itself . I am not legal expert, like timing, not the case itself . I am not legal expert, like i timing, not the case itself . I am not legal expert, like i said, timing, not the case itself . I am not legal expert, like i said, i i not legal expert, like i said, i think if there were criminal charges to be had, we wouldnt be calling it a hush Money Trial and the crime would be a lot more obvious. What is the crime here . The crime here . Lets talk about the Im Act on the crime here . Lets talk about the impact on the the crime here . Lets talk about the impact on the election, the crime here . Lets talk about the impact on the election, you the crime here . Lets talk about the impact on the election, you said impact on the election, you said straight out the gates that ....
Kate Bolduan goes behind the headlines to bring viewers critical live events as they happen with smart analysis of hot topics and news-making interviews with. ....
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