again. we did the e-verify, the first six months, not five years, like ron, so don't pick on school choice, and say that is leadership. when i got to the u. n., we cut a billion dollars off the top. we took the kick me sign off our backs, and america was respected in the u. n.. i know what we have done. >> we are moving on to a new topic, governor, is that both of you have made central to your campaigns, that is china. governor haley, american farmers were hurt by former president trump's trade war with china. as a result, his administration paid out 28 billion dollars in subsidies to farmers. you have vowed to be even tougher than donald trump on china. if your trade policies also end up hurting american farmers, are you prepared to cut a check like he did? >> that is why trump should be here on this debate stage. he should have to defend it. first of all, i have said, china is our number one national security threat. i have fought them every single day at the united nations. i know what they are capable of. the first thing we need to do
msnbc cornell belcher about the significance of last night speech. but first, and b.c.'s gary dropbox at the white house for us. gary, happy saturday, let's talk about the takeaways, one of the big ones from the presidents oval office address? hi >> hi alex, president biden spoke to the first few minutes directly to the american people last night. he talked about what was in the debt ceiling bill. what was not in the debt ceiling bill, just how close the american people got to its first-ever default, and the bipartisanship that stop that from happening. let's go through that list that you see right there. the big number on top, suspend the debt ceiling until january 1st 2025. that was the big deal. it almost limits military spending, and non discretionary spending. it rescinds about 28 billion dollars in unspent covid relief funds. and it eliminates 1.4 billion dollars from the irs budget. and then the big one right here, it restarts federal student loan payment. that is something that president biden said, not everybody got everything they wanted out of this. of course president biden
signing of the bill, including the student loan provision in that bill, so, we're going to go first to nbc's garrett -- at the white house. welcome, how is the white house selling the step deal? >> president biden is taking this message, as he loves to do, directly to the american people. you saw that last night in his first ever oval office address that was formally in primetime at 7:00. and what you did was he told people was in the bill, what was not in the debt ceiling bill, and i talked about just how close this country did get to a default, where we would be unable to pay our bills. let's talk a little bit about what is inside this bill that is expected to be signed, really, any moment now that president biden in the white house behind me. we're talking about the big number, which is he is suspending the debt ceiling until january 1st, 2025. it also limits military spending and non-military spending, and it returns about 28 billion dollars in unspent covid relief funds. it also eliminates one for four billion dollars in the irs budget, and restarts federal student loan payments.
into place, saying the government would run out of money, and be unable to pay their bills. let's talk a little bit about what you see on the screen there. what is in this debt ceiling agreement? first, that big thing. it suspends debt ceiling until january 1st, 2025. we don't have to worry about this again until about january 2025. illimitable terry spending, limits nonmilitary spending, rescinds about 28 billion dollars in unspent covid relief funds. it eliminates 1.4 billion in irs budget. and also restarts the federal student loan payments program. that's something, of course, the president biden would not, if it was his choice, put in a bill like this. of course, this was a compromise. both sides, and neither of them, got exactly what they wanted. president biden talked a lot last night in his speech to the nation about what was at stake here. what would happen if they did not reach this compromise. here's what he had to say. >> if we had failed to reach an agreement on the budget, there were extreme voices threatening
unrepentant, and selling perch. the qanon shaman returns home as a hero. all in starts right now. >> good evening from new york, i'm chris hayes. at this hour, we are watching the first big test for the first big deal between the house maga caucus, led by kevin mccarthy and a democratic president, joe biden. the house rules committee just concluded a nearly four-hour hearing, moving ahead with the bill to raise the debt ceiling and avoid default just days ahead of the deadline, when the federal government is expected to run out of cash to pay its bills. committee is expected to keep working through the evening, towards sending that bill to a full house vote tomorrow. the debt ceiling deal, which was struck over the weekend, after a very long and torturous process, would also cap spending for the next two years. and there are a few small conservative policy winds, if you can call them that, including rescinding 28 billion dollars in unspent covid relief
the first big test for the first big deal between the house maga caucus, led by kevin mccarthy and a democratic president, joe biden. the house rules committee just concluded a nearly four-hour hearing, moving ahead with the bill to raise the debt ceiling and avoid default just days ahead of the deadline, when the federal government is expected to run out of cash to pay its bills. committee is expected to keep working through the evening, towards sending that bill to a full house vote tomorrow. the debt ceiling deal, which was struck over the weekend, after a very long and torturous process, would also cap spending for the next two years. and there are a few small conservative policy winds, if you can call them that, including rescinding 28 billion dollars in unspent covid relief funds, eliminating 1. 4 billion in irs funding, and restarting federal student loan payments after a lengthy pause that began at the start of the pandemic.
the farmers but donald j trump. i got 28 billion dollars -- i saved up tunnel, and i made farmers happy and rich gun. and they're doing a fantastic job. and you know what? someday, it will become time for them to leave this beautiful earth, and they'll be able to leave their farm without taxes to their children. i got rid of the dot tax on firearms so that when you do pass away, with the assumption that you love your children, you can leave it to them and they won't have to pay tax. but if you don't love your children so much, and are some people that don't, and maybe desperately slow, it won't matter, because frankly, you don't have to leave them anything. thank you very much, have fun. [silence] >> i've watched that clip many
guy, think very much. guide alani, our balkans correspond theirjoining us from ljubljana. you can read more on the back another story on the website. and also the bbc news app. more analysis of the situation for you there. so the sour. the financial times is reporting that the country's biggest bank, ubs, has offered to buy credit suisse for up to $1 billion. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america's silicon valley bank. that's a price tag that the bank has refused to confirm and the bloomberg news has reported that they are pushing back against this figure as the closing stock price for the bank on friday was 8 billion dollars. the swiss government could change the law to fast track this deal and it could be announced by 6pm swiss time this evening
less than what the banks worth on the closing price of the shares on friday night. now, just listen to an analyst call with eo, annual cost saving of 8 billion dollars by 2027 that means a lot of job cuts, i think people will be talking a lot about in the next 24 hours, bail-outs or was it a bail-in what was the take over? it was a private sector deal regulators say it wasn't a bail-out. however, there are some interventions here, we have the swiss national bank, the central bank providing a loan of over 100 billion dollars to ubs and concentrate swiss at this stage plus the federal government saying they will guarantee an amount of 9.7 billion dollars for any potential losses. plus, on the bail-in side you got some bond holders people that have a very specific type
potentially damaging claims of the lawsuit. they came from shows with tiny audiences, relatively speaking, to the bigger fox universe. maria show, lou dobbs show, these allegations in the dominion suit are much stronger and more extensively documented against those two programs man against tucker carlson, who is only mentioned once from one instance of alleged defamation in the lawsuit. laura ingram who is not really mentioned at all and sean hannity, who is only mentioned once as a potential -- as making potentially defamatory statements. was really the fringe leading the way here and that fringe, could possibly end up costing fox something on the order of 8 billion dollars. >> and perhaps irreparable harm to the reputation. maybe not among their viewers,