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it comes as israel troops have surrounded gaza city. president biden, after he was interrupted at a campaign event, calling for a humanitarian pause. also tonight, eric trump s combative testimony in the civil fraud trial threatening his family s business empire. the heated moments in court. first at 5:00, former memphis police officers to plead guilty in the death of tyre nichols. how long he could spend in prison. the explosion at a house in new york. at least 15 injured. what officials are saying about the cause. the train derailing near detroit. schools nearby evacuated. the major announcement from toyota, recalling nearly two million popular suvs because of potential fire danger. and more than 50 years after they broke up, the beatles releasing their last song with a little help from ai. make it through announcer: this is nbc nightly news with lester holt. good evening and welcome. today more americans safely made their way out of gaza. a s ....
Announced he was giving up on talks with the president friday evening. today s meeting here in the white house lasted just under an hour. congressional leaders instructed their staffs to work on the plans. republicans leaning toward one that takes the deficit cut as get to in the talks chaired by vice president biden and raises the debt ceiling about 1 1/2 trillion h that would satisfy speaker boehner s bottom line that the deficit be cut more than the debt ceiling is raised. but it wouldn t satisfy the president s demand that the debt ceiling be raised enough to last through next year. boehner has reportedly told republicans in a conference call today there are still options on the table for a long term extension. white house spokesman says a short term extension would rattle markets and raise interest rays for ordinary americans. mr. obama continues to push for a plan that that contains spending cuts and more tax revenue. the president: before we ask seniors to pay more for medic ....
great. arthel: i understand you believe raising the debt limit will cause problems. what kind of problems and how will it impact wall street? then i want to know how will it affect the average americans daily business? if we keep raising debt right now 43 cents of every federally spent dollar is deficit. if this continues, markets are going to start speaking out. how? interest rays are going to skyrocket. nobody is going to want to buy our bonds, they are going to be worried about getting paid off then you see rates at 6, 7, 8%. the bad housing market will get much worse. amazingly to me, the interest rates have stayed low. i think that s because the fed has been buying bonds. that s the good news. i think there s an eventualy ....
Tomorrow night. the markets were closed when house speaker boehner announced he was giving up on talks with the president friday evening. today s meeting here in the white house lasted just under an hour. congressional leaders instructed their staffs to work on the plans. republicans leaning toward one that takes the deficit cut as get to in the talks chaired by vice president biden and raises the debt ceiling about 1 1/2 trillion h that would satisfy speaker boehner s bottom line that the deficit be cut more than the debt ceiling is raised. but it wouldn t satisfy the president s demand that the debt ceiling be raised enough to last through next year. boehner has reportedly told republicans in a conference call today there are still options on the table for a long term extension. white house spokesman says a short term extension would rattle markets and raise interest rays for ordinary americans. mr. obama continues to push for a plan that that contains spending cuts and more tax re ....
Know. joining me gary how are you? great. arthel: i understand you believe raising the debt limit will cause problems. what kind of problems and how will it impact wall street? then i want to know how will it affect the average americans daily business? if we keep raising debt right now 43 cents of every federally spent dollar is deficit. if this continues, markets are going to start speaking out. how? interest rays are going to skyrocket. nobody is going to want to buy our bonds, they are going to be worried about getting paid off then you see rates at 6, 7, 8%. the bad housing market will get much worse. amazingly to me, the interest rates have stayed low. i think that s because the fed has been buying bonds. ....