scheduled to vote on a bill that would suspend the debt ceiling. republicans have vowed to block this measure, saying the democrats have to figure out how to pay the country s debt on its own, though much of the debt was racked up by president trump. we now know that minority leader mitch mcconnell will discuss two proposals with majority leader chuck schumer for a possible short-term suspension. he s concerned that moderate democrats, senators joe manchin, and kyrsten sinema might gut the filibuster if there s no deal on the debt ceiling. joining us now, cnn chief congressional correspondent, manu raju, and white house correspondent jeremy diamond. first, the potential for this deal, walk us through it. we ll see what happens, in fact, there s a bit of uncertainty at the moment about whether this vote is expected to take place in a matter of minutes actually will take place in the after math of mitch mcconnell making a proposal here to try to stave off a default just for a short-t
couple of months, because republican senators in the hallways are telling reporters that they expect this vote, it s expected to take place in the 3:00 hour right now to be delayed. they say they are hearing that democrats are going to meet and discuss what to do about these offers and decide whether to proceed with in vote. this vote would suspend the national debt limit, overcome the filibuster, require 60 votes to suspend the debt limit until the end of november. now, i have checked with democratic leadership sources who are not yet saying whether or not it will be delayed. a bit of drama, a bit of uncertainty. we have to monitor what happens in a matter of moments. this all came as a result of a shift from senator mitch mcconnell, the minority leader, chuck schumer, what he s suggesting is to raise the national debt limit, up until december, by a few hundred billion dollars. they would all vote to do just that, and/or if not, proposing a fast track process to allow for the debt cei
the number of votes, that cuts at one of the core arguments we have been hearing from president biden, but nonetheless, one of the key things that we heard from the president today as he was sitting down with these business and financial leaders was underscoring the fact that even now, even right now with this uncertainty hanging over the united states over this debt ceiling extension, there are already effects happening in the markets. the ceo of jp morgan said on monday, his company is going to begin looking at ways to adjust their business if this debt ceiling extension does not happen. that s something that the white house will certainly come back to is that a short-term extension while perhaps giving more time to actually get this done ultimately is only going to allow for further uncertainty to continue to exist. but we will hear from the white house press secretary jen psaki in about 25 minutes, and we ll see what she says. let s go back to manu, what about this vote. she ju
that they are in fact going to review in mcconnell proposal, see what they think, maybe make a counter proposal, maybe go back and forth with the vote that s going to fail. they need 60 votes to overcome the filibuster, and democrats are planning to have a closed door meeting now essentially to figure out whether or not they will agree to this. so still uncertain, movement to a deal, we ll see. but at the moment, this vote, standoff vote, not going to happen. we ll see ultimately what the result is here. things are literally changing by the minute, and you bring us the latest as soon as we have it. we appreciate you, manu raju, and jeremy diamond, thank you. now to this, the house committee investigating the january 6th capitol riots has a missing person on its hands. they cannot seem to find donald tr trump s former white house deputy chief of staff dan scavino. more than a week after issuing a subpoena with scavino s name on it, they cannot find him to actually serve the subpoena
by democratic votes alone. now, democrats have not seen this proposal, mitch mcconnell only made this case to his colleagues privately. and now it s up to democrats also to agree to this, and it would also be up to all 100 senators to agree for a quick vote. one senator can scudttle that agreement. it could be a bit of a shift, a change, potentially moving forward ending a default here. we ll see what happens. and one other key element, mitch mcconnell is concerned that if there s not a deal, democrats will blow up the senate filibuster rules, joe manchin, kyrsten sinema, they re under immense pressure to blow up the rules. we re seeing a shift in last minute talks with democratic leaders. isn t that interesting, jeremy. we don t often see minority leader mcconnell blink after a bluff. he must be, i mean, that s a source from inside a closed door meeting, but he must truly be