the reputation of the court is at stake. and a new report reveals thomas wife received secret payments from an activist with business before the court. i do think that there s more that the supreme court should do to address those perception problems. with public confidence in the court at a record low, what can be done to restore americans trust in the judicial branch? plus default danger. as the deadline nears for the government to pay its bills president biden faces off with republicans who want to negotiate spending cuts. we re not a deadbeat nation. we pay our bills. does president biden have a plan to get republicans to work with them? we re the only ones to lift the debt limit to make sure this economy is not in jeopardy. president biden has produced a budget. house republicans produced a ransom note. i ll talk to house democratic leader hakeem jeffries. and guilty as charged. four members of the far right proud boys were found guilty of the hig
we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commit to ensure that our financial system remains strong. yellen also said that no taxpayer money is being used to reimburse those depositors. more on her testimony in just a moment. but first, let s check object markets right now. stocks are surging on word that major banks are in talks to rescue ailing first republic bank. cnn s matt egan is here with us. so talk about this potential rescue of first republic bank. yeah, bianna and victor, over the weekend, we had this government-led rescue. now i
That president biden has done with respect to the economy. record low unemployment, more than 12 million good-paying jobs have been created. he reduced the deficit by $1.7 trillion during president biden s first two years. that s a record for a similar period of time in american history for any president, but of course, president biden recognizes that more needs to be done to continue to build out an economy that benefits everyday americans coming out of covid and in an inflationary environment. i think when it s all said and done and president biden is on the campaign trail able to make his case against the extreme maga republicans who are extreme on reproductive freedom, extreme on democracy, extreme on social security and medicare, extreme in their unwillingness to deal with the gun violence epidemic and violence, extreme
One way to do that is to make sure that we raise the debt ceiling in a manner consistent with what has been done more than a hundred times under democrat presidents and republican presidents. at the same time, chuck, president biden has continued to make clear that we can have a discussion about the right balance of spending, investments, and river news to make life better for everyday americans to impact in a favorable way the health, the safety, and the economic well being of the american people. so do you accept the premise that you re not going to get a clean debt ceiling hike? i do not because we have a constitutional responsibility to make sure that we protect the full faith and credit of the united states of america. everyday americans understand this principle. if you have a bill, you need to pay it. if you fail to pay it, it s going toed a versionly impact your credit rating. your credit score will drop. if your costs drop, your costs are going to go up, and if
That is what the default on america act is, and effectively what they re saying to the american people is that either you accept these dramatic cuts and cuts to medicaid spending for disabled children and for elderly americans and cuts to law enforcement, cuts to education, cuts to health care, cuts to nutrition assistance for food and secure americans more than 30 million people throughout the country, either republicans want us to accept these dramatic cuts or accept a catastrophic default on our nation s debt. that is what is the unreasonable position, and hopefully in a few days republicans will come to their senses and do who s right by the american people. is the obvious solution here a short-term punt and it looks like this, you essentially raise the debt ceiling through september 30th and make the debt ceiling and the budget deadlines converge?