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MSNBCW The July 6, 2024

tonight may soon be the top story in the markets or even on main street. the president summoning leaders to the white house scheduled for next week to face what they re now calling a far more urgent threat of default with some republicans threatening to take the economy hostage. the final deadline is earlier in the month, republicans doubling down on threats which you may recall picked up in the obama years that instead of voting against new spending, which is the standard way that a politician or a legislator can curb the size of government, totally fine, you say, hey, let s not spend as much. nowadays you may have heard, republicans try to hijack the process of paying the bill, the debt, and they do that as a sort of a voodoo to scare the market, scare the white house, e tract concessions and keep the government from paying the bills it has, that includes naturally bills run up by both democrats and republicans, including recent spending under former president trump ....

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MSNBC The Beat With Ari Melber June 4, 2024 22:04:00

Truth time. the fact is that recent presidents in various ways, that trump history can be complicated because trump will contradict himself, he s caught lying about many issues. but it is true as the president said that these past republican presidents have generally voiced the obvious logical reference to the fact that you don t run the government by blowing off bills and you can t get these grand compromises even if you want some on the, say, spending at the retirement age or what have you. you don t get them through this hijacking process. take a listen. congress consistently brings the government to the edge of default before facing its responsibility. this brinksmanship threatens the holder of government bonds and those who rely on social security and veteran benefits. interest rates could skyrocket. instability would occur in financial markets and the deficit would soar. ....

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