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officials will be holding a press conference later this hour, and we ll of course bring you any detail we learn later this hour. but first most americans have spent at least some of their life living paycheck to paycheck not knowing how or even if they ll be able to pay their bills each month, and now that is not just americans, it is also the country america itself. the entire federal government is one month from being out of cash, and that is not an exaggeration. we re already four months past the debt limit. the treasury has been doing creative accounting to move the money around since then. and now the treasury is the warning the government of the united states could truly, truly be broke by june 1st. if republicans in congress do not raise the debt ceiling in the next 30 days the global economy could collapse. so given the staelks here this should be a relatively straightforward fix, because who would want to use the debt ceiling as a negotiating wedge. hopeful ....
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You said under republican presidents. and by the way, they spent like crazy under trump. the debt and the deficit went up under donald trump and the republicans who supported him, they supported all of that. so this is phoney-baloney. the debt ceiling will get raised. there ll be some kind of negotiation on spending that will allow kevin mccarthy to get a sick leave, to get it through the house. because i ll tell you what the political fallout, because the democrats will figure out a way to get them to vote on a clean debt ceiling and if the republicans are seen as blocking it at that moment there ll be serious political fallout because our economy will go into a tailspin. also the republicans will raise it, but also there s no way president biden is going to let the country go off a cliff, right? you re betting here. he is the person that ultimately is the reasonable person in the room in the hostage negotiations. and to me that seems like a good thing for the country but also repub ....