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economists say this one should not hurt the economy. joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama s national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflation, and ben harris, a former deputy treasury secretary says the most important impact is the stability that comes with having a deal. markets can function knowing that we don t have a cataclysmic debt ceiling crisis looming anymore. so, ron, explain that to us. explain what they re talking about. so katy, i m going to take answer number three as the most accurate one. i just think avoiding ....
building came crashing down. tonight families trying to reunite with their loved ones as we learn more about the recent complaints filed over the building s safety. the rush to return home from the memorial holiday weekend. tens of millions now heading home. from the roads to the skies. what it all means for the summer travel surge. cruise ship nightmare. carnival oceanliner s emergency after it was battered by a massive storm with fierce winds. the new video from inside the ship. water rushing in, hallways flooded, debris scattered. now questions over why the captain sailed through the storm. passengers outraged. i have never been so scared like i was on this trip. in washington the debt limit deal and the major new test for president biden and house speaker mccarthy. can they get enough votes for their it breakthrough agreement to pass congress and avoid default? a warning about infant loungers tonight with more than two dozen deaths linked to various brands ....
i have never been so scared like i was on this trip in washington the debt limit deal and the major new test for president biden and house speaker mccarthy can they get enough votes for their breakthrough agreement to pass congress and avoid default? a warning about infant loungers tonight with more than two dozen deaths linked to various brands one family s heartbreaking story and what parents need to know. and on this memorial day the emotional reunion of vietnam veterans after 50 years how they survived prisoner of war camps. and across the country remembering all members of the military who ve made the ultimate sacrifice. and the rockets re glare announcer: this is nbc nightly news with lester holt and good evening i m tom llamas, in for lester tonight we begin with that breaking news out of davenport, iowa. at this partially collapsed apartment building look at that a chunk of the structure crumbling to the ground as residents were inside. the ga ....
iowa. perhaps equally stunning, no deaths have been reported, although one woman is missing. the latest from the scene coming up. it was a missed chance for change in turkey where erdogan has been elected for an unprecedented third term. what that means for the people there and for authoritarian rule worldwide. but we start with two days left before the house is expected to vote on a deal to raise the debt limit. brand new details emerging about the political hill still left to climb, not just republicans, but democrats as well. ro khanna, a member of the house progressive caucus said a large majority of the house democratic caucus is still in flux, not sure how they re going to vote. the first step is getting the bill past the rules committee. at least three committee republicans are expected to oppose the bill. it will take democratic party support to keep it alive, something speaker mccarthy was asked about just a couple hours ago. that was nbc s julie tsirki ....
the time is ticking for congress to take action, because it s congress that has an exit constitutional responsibility here. they swore an oath to and the 14th amendment of that constitution says, the validity of the public debt of the united states shall not be question, which presumably means, you need to pay the debt. june 5th is only nine days from now. the house of representatives has adjourned for the long memorial day weekend. republican leadership said, they will provide 24 hours notice before scheduling voting days, and addressing the potential default. while some republicans might just be hoping to extract a greater cuts to the social safety net in exchange for not crushing the american economy, with others, the motivation is less clear. take, for example, the chaos caucus, a group of the most disruptive members of the republican caucus right now. the chaos caucus, many of whom are members of the freedom caucus, succeeded and complicating and stalling kevin m ....