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Transcripts For CNN CNN Tonight 20240706



well, the new house judiciary chairman, jim jordan, announcing he s launching an investigation into the doj s actions related to president biden s handling of classified documents. he s demanding the department turn over a variety of information including all communications related to yesterday s appointment of special counsel. it s hard to believe this is what s happening one week ago, but at just about exactly this time there was a complete chaos on the house floor. a lawmaker lunging at another lawmaker, and we still didn t know way back then because last year was a whole year last week a whole year didn t know if kevin mccarthy would actually become speaker. what a difference a week makes, and of course when you think about in washington, d.c. every minute seems to be a new, well, crisis to avert or try to maintain. i want to bring in michael shnell, congressional reporter for the hill. and lia donovan. let me bring you into this conversation because, look, we re ....

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Transcripts for CNN CNN Tonight 20240604 04:07:00

Match of this problem and this problem and the volleying, michael, what are you hearing on the hill about what is going to be the next big fight? you re talking about the debt ceiling of course. you do have secretary yellen saying we re going to hit it i think the 17th or next thursday it s coming. but some economists are saying, hold on, you re not going to default until maybe june if that s an issue. that doesn t give a lot of people a lot of confidence. if you were the credit ower, it would not be okay with the credit card companies, i would point that out. but what do you hear about this idea of the upcoming fight about the debt ceiling? we re sort of at the start right now that will likely be a six-month fight, negotiation about the debt ceiling. a lot of conservatives in those mccarthy holdouts had said we will not raise the debt ceiling unless that is coupled with a decrease in discretionary spending. so that of course frightened some democrats. we saw the white house press ....

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Transcripts for CNN CNN Tonight 20240604 04:02:00

Know way back then because last year was a whole year last week a whole year didn t know if kevin mccarthy would actually become speaker. what a difference a week makes, and of course when you think about in washington, d.c. every minute seems to be a new, well, crisis to avert or try to maintain. i want to bring in michael shnell, congressional reporter for the hill. and lia donovan. let me bring you into this conversation because, look, we re talking about what happened last week. i bet this week biden wishes there was maybe a 16, 17th, 18th round of the speaker votes. he had a higher approval rating than he had in the past, but this is a crisis now that s starting to spiral. what do you make of it? this is a big deal, and again you mention last week the focus was on the speaker s race. it was on the cay and the ....

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Transcripts for CNN CNN Tonight 20240604 04:09:00

Started or at least on the republican side figure out what you want. michael mentioned they want some cuts. you need to unite behind 218 votes and what that can get. otherwise you have no leverage and easy to cast just intransigents. the more people emboldened to stand on their side you get into this fight where it s a last game of chicken. and you might be playing the game of chicken within your own party. normally the expectation is republicans against democrats. circle last week it was republicans against republicans lunging at each other on the house floor. i think to your point is it better to draw it out or get it done quickly, it depends on how the story unfolds and depends on how you tell the story to the american people. coming out of a mid-term republicans promised to deliver for americans lower prices. well, if you re going to let us default on our debt and potentially crash our opportunity, that s an opportunity for dems to message ....

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