ceiling. a familiar topic, but the circumstances this time are quite different. on friday, janet yellin announced that the united states will hit its debt limit this coming thursday. the debt limit is the maximum amount, according to law, that the federal government can borrow to pay for its obligations, to pay for things start to spend money on. that includes, all of the really important functions of government, everything from air traffic control to medicare and social security payments, congress decides what that limit is. so, secretary yellen wrote to house speaker kevin mccarthy, warning him that it is, quote, critical that congress act in a timely manner, to increase or suspend the debt limit, and quote. she wanted to explain that, quote, filler to meet the governments obligations would cause irreparable harm to the u.s. economy, the livelihoods of all americans, and global financial stability. all of that is true. to be clear, the united states government to fight fal
so did. mom s our and blurry couples early years in boston. i would imagine it was a sweetness to that time. it wasn t very long after they were married, and after they left boston and settled in montgomery. and then for their, until the end of his life in 1968, it was a very public life. that bomb, now the mortal arms entwined, holding each other up, clinging to the dream. thank you to craig often, for sharing that very important story with us. this important night of remembrance and renewal. and on that important note. i wish you, a very good night. from all of our colleagues across the networks of nbc news, thanks for staying up late, i ll see you at the end of tomorrow. tomorrow the full faith and credit of these comments on the line. i think that s a real threat that both sides have to take seriously. tonight s, while we may be just days away from the first genuine crisis caused by the republican-controlled house. then, i don t know about size may not, bu
hi, everyone. every night which means it s one nation. you re watching tonight. you re not going to regret it. i great test talking about what s happening at the border, how to fix it. the death of some legends putting perspective and remarkable career with his legendary play-by-play family the first will begin in pennsylvania. all eyes on the cortical state, keystone state. if you in pennsylvania he win the presidency and i think president trump the message, he finished up a major rally in philadelphia. downtown philadelphia with thousands and thousands of supporters. he was at bill cosby s place temple university. just finished up. [chanting] hello, pennsylvania. it s good to be with you. [cheering] less than four years ago, our border was secure. inflation was nowhere to be s seen. the world was at peace. they respected your country in america was strong like never before all because he finally had a president who put america first. i put america first. now hundred crook
hi, everyone. every night which means it s one nation. you re watching tonight. you re not going to regret it. i great test talking about what s happening at the border, how to fix it. the death of some legends putting perspective and remarkable career with his legendary play-by-play family the first will begin in pennsylvania. all eyes on the cortical state, keystone state. if you in pennsylvania he win the presidency and i think president trump the message, he finished up a major rally in philadelphia. downtown philadelphia with thousands and thousands of supporters. he was at bill cosby s place temple university. just finished up. [chanting] hello, pennsylvania. it s good to be with you. [cheering] less than four years ago, our border was secure. inflation was nowhere to be se seen. the world was at peace. they respected your country in america was strong like never before all because he finally had a president who put america first. i put america first. now hundred croo
domino effect of the missed payments resulting from a loss of income revenue, or profit that doesn t allow the business to pay its bills, and the homeowners, and worker to pay their bills, so just leads to the system and that s how you arrive at a very bad place in terms of this recession scenario you re talking about. i got a minute left, stephanie, i can ask, you some a man of a certain age, i think about, japan so i get into a situation where you re stuck, japan lost an entire decade because they had both slow growth and inflation at the same time. is that even a possibility in america? well, if we get the policy wrong, sure, because i make the argument that it in addition to some demographic challenges, what happened in japan is really just a failure of mostly fiscal policy, it was this belief that it really just have to lean on the central bank, in their case the bank of japan, and try to engineer through quantitative easing, and low interest rates and all this, try to someh