going on there. a lot going on. welcome. i m neil cavuto, this is your world. till debt do us part. right now the debt is there. we re still stuck at a ceiling of 31.4 trillion. to hear the administration tell it and janet yellen warn about it, come june 1, we run out of dough. there s no more change. we re told that we re down to our last $88 billion. nobody can say whether that is the case or not, whether there s some wiggle room there. they re still talking in the oval office. let s go to jacqui heinrich what she s hearing right now of these talks and where things stand. hey, jacqui. hi, neil. the biggest news that you just touched on, they would not confirm in the briefing early and now we re getting confirmation that the president is cancelling plans to go to australia and new guinea after the g-7. he s slated to leave tomorrow. he took a lot of criticism for planning to be out of the country for eight of the 16 remaining days before the country could default on its
Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming months.
In his car. There was so much rain a sea lion at the Central Park Zoo managed to escape her pool when it flooded. The zoo says that she roamed around for a bit but she was eventually returned safely to her exhibit tonight. Thank you for joining me on this friday night. Cnn primetime with abby phillip starts right now. This is americas debt. More than 33 trillion. And the first time that clock has reached that grim milestone. That is more than a quarter Million Dollars per taxpayer. Tax cuts, stimulus programs, defense spending, pandemic unemployment, all of them to blame. And any fair person would agree that that is unsustainable. So the republican mission to lower that number makes some sense. The problem is their method of drawing attention to it is about to shut the American Economy down. The government down. And negatively impact americans who dont have the time or frankly the money for the poison of todays politics. Good evening. Im abby phillip. And in just 24 hours the clock wil
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