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revolutionary war, but we are. good to be you with. i m katy tur. america has been arguing about it for its existence entirely, the first debt racked up during the revolutionary war in 1776 when george washington borrowed $7 a million, a ton for that time, to pay for it. 247 years, and now $31.4 trillion later, we have hit our self-imposed limit. again, so what does that mean exactly? house republicans are promising a political showdown in washington, and it also means the beginning of what the treasury department calls extraordinary measures to stave off default. we will explain what those measures are and how they re going to impact you. we will also see what the white house has to say, jared bernstein had so much fun with this yesterday, he is back with us today and while the tug of war how to pay the debt dominated the headlines today, the investigation into president biden s handling of classified documents after leaving office is just getting started. we ve got ....
doors to get the gavel. those holdouts who were keeping the the speakership from him now have some plush committee assignments. lauren boebert, scott perry, and where they got assign and why the white house is watching so closely. our congressional reporters are here to explain what those members will now be able to do. they also learned about, more about why congressman marjorie taylor greene might have gotten so close to mccarthy, becoming one of the loudest supporters for him to get the gavel, she got two top committee assignments making past statements like this one from 2018 all the more relevant today. there is an islamic invasion into our government offices right now. okay? they are, you saw after midterm elections what we saw so many muslims elected, i don t know, i don t know the exact number but there were quite a few, we have that woman out of minnesota, now she s going into congress, and she s got to wear a head covering, you know, they want to put their h ....
texas rangers and they re looking into the uvalde police department that responded here yet as we know we ve said in the past, this is jurisdiction of the school police of which pete arredondo is the chief. meanwhile, this week pete arredondo has been sworn in as a new city council member in uvalde despite some criticism because of the investigation, willie. gaud venegas, thank you so much. mike, you were watching that sound bite from the mayor and a bit of disbelief if you go back to the timeline and the misinformation and the bad information we received from police from the word go, since the shooting nine days ago. we had commissioner bill bratton on the show a few days ago who has run police departments from new york to l.a. and boston and said it was a disgrace to the police the way this story was being communicated and changed so much times. or miscommunicated. the level of misinformation dispensed from the get-go in this tragedy is astounding. and it began th ....
We had strong growth, very strong growth, and in fact, historically stronger labor marks in this cycle, where president biden has presided over tax increases at the top of the scale, to introduce more tax fairness and to pay for our spending while we lower the deficit. so the tax story really needs to be discussed in the context of how do you pay for your spending obligations, it is the very first question you asked me today, where does all of that debt come from? it comes from not raising the revenues that we need to meet our obligations. now, let s not forget, the debt ceiling is backwards-looking. it is paying for obligations that congress and presidents have voted for in the past, it is paying your credit card bill, it is paying your mortgage, and to not do so is of course reckless, feckless, and irresponsible. it is money already spent. it s not future spending. it is already that was already allocated. money already spent. correct. important point. how do we get back to a b ....
The way and why you would want to protect big pharma if we re trying to save government spending and health care, one of the more expensive parts of our business, is beyond me. but that is a good example, of a policy that s on the books, that will cut spending, quite significantly, over the next ten years. i ve got no time but i m going to ask you this, are we headed for a recession or a soft landing? the path to a steady stable growth transition is a credible, a plausible path, and it keeps looking more so as we see inflation reports like consumer inflation last week, producer inflation this week, six months in a row, of slower price growth, that s relief at the pump, we ve seen some declines in some corners of food prices, we still have one of the strongest labor marks on record, those are the kinds of momentum, those are the kinds of things moving in the right direction that help us make this transition to a more steady, ....