table. i have here the government accountability office document that nation s fiscal health. may 2023. issued a couple weeks ago, this was issued to every leader in congress by the executive branch. the gao is one of the best of the entities our government has, what do they say. why do we care. it says: balance of current revenue, resolve in debt growing faster than the economy, thi this is unsustainable. the government never writes reports like this or speaks like this. it continues: cbo, has stated high and rising federal debt is a fiscal crisis. underlying conditions driving unsustainable fiscal outlook post, social challenges have not addressed. they are trying to say, the economy could collapse. could collapse. they go on: they are saying we re not at war, the ethe econo economics balancedded 3 out of last 4 years. for example, debt held by public, grew during economic expansion of june 2009 to february 2020, it did not grow during the economic expansion from march of
Times. The tao plunging 367 points. The s p 1. 6 . It was much more than 1pointtoday. There is too much to process. So what do people do . They sell. We have four potential negatives that are worth selling for. Actually rational. First there is tomorrows fat meeting. Then there is a Quarterly Report from apple. And finally there is the debt ceiling debacle. Those are four legitimate reasons to be concerned. If it were just one hurdle we will be fine. With four of them why do we take them one by one and impact them so that we can with them in a rational matter. Lets start with what is staring us in the face, tomorrows fed meeting. We simply do not know if the fed will pause aggressive tightening after that. I hope he will call in select reporters this time. This time the fine line of surprise versus forewarned is being learned. The many banking crisis may be contributed to multiple rate hikes. We just do not know and neither do they. I have been saying the tank failures might be equal t
Neil we interrupt this fixation with the fed, what it will do with our money to bring you the latest on the debt fight. How fast were running out of money. We got you covered fair and balanced always, with colorado democratic senator Michael Bennet raising ceiling without either side raising the roof. Tennessee senator bill hagerty on protecting the nations Credit Rating if we dont get a soon. That is distinctly possible. A texas mayor is warning, title 42 goes away next week but the illegal surge is on right now. What could be our last rate hike of the year, i stress could be. You know how the fed con sometimes fool you. Im neil cavuto. Lets go to my buddy Edward Lawrence at the white house to lay it all out for us. Hey, edward. Reporter neil, were expecting a 25 basispoint hike. 83 of the market believes that is going to unfold at 2 00 eastern time when Federal Reserve chairman makes the announcement. What were looking for in the feds statement, if a clue a pause will be signaled. Th
welcome to cnn this morning. good to be with you. here s what we re watching this morning. lawmakers finally reach a tentative debt ceiling deal, but of course the fight is not over. now president biden and house speaker mccarthy have to try to get the members onboard from their representative parties. can they get it to the president s desk by june 5. the texas house of representatives votes to im beac impeach ken paxton. the latest on the action and what happens next. look at this. remarkable new images of the sun. we have never seen the sun this way. powerful telescope captures photos of the sun s surface. we will talk about how they could help scientists studying the sun and the solar system. and a groove of bipartisan lawmakers in washington comes together to mark memorial day. we will show you how they are paying tribute to the fallen. beginning with that race in washington to crack the legislation to raise the nation s debt ceiling and avoid this historic d
the gloves are truly off tonight in the republican race for president. john king in for anderson tonight. thank you for your time. even if you re just paying a little attention to the republican race, it is hard to notice ron desantis and the former president openly throwing haymakers. never mind the old 11 d commandment. donald trump, of course, has never bought into that, and now it seems his fellow floridian doesn t either. over the last 48 hours, governor desantis has gone straight after the gop front-runner, most recently today on this conservative talk show. he s been attacking me by moving left, so this is a different guy than 2015/2016. 2 million illegal aliens he wanted to amnesty. we both faced covid-19, and we both responded in the way we did. he responded by elevating anthony fauci and really turning over the reins to dr. fauci. under the trump administration, he enacted a bill, basically a jailbreak bill. as for mr. trump, there s this, and, yes, listen close