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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. ....
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United states has hit the debt limit. we re officially in the extraordinary measure phase. you sound excited. it is extraordinarily problematic for the u.s. one pivotal figure in whatever negotiations or discussions may happen is mitch mcconnell. you were one of the great mitch mcconnell watchers in washington. what role might he play? well, think of the history that mitch mcconnell has with joe biden and i was just starting to cover congress more than ten years ago when then vice president joe biden and then senate minority leader mitch mcconnell, again the minority leader in the senate, were able to negotiate congress and were able to negotiate washington into three fiscal deals including the debt limit. so these were two men who are old friends. they get along despite the forces in their parties. and they know how to make a deal. i think there was one great anecdote back from 2012 when we were on the verge of another ....