Page 29 - Debt Ceiling Increase News Today

To avert an economic disaster. lets bring in jeremy diamond at the white house and manu raju. we herd from kevin mccarthy. and also from mitch mcconnell, the republican in the senate. s what was their take away from the meeting? >> reporter: haed spoog this meeting, officials told me the president was defiant in holding the line demanding a clean debt ceiling increase, and thats what happened. the president maintained his line. the speaker maintained his line. according to the speaker, everyone ...

Trying to have this meeting be in a calm setting, and with the president trying to emphasize his history of working with republicans for these sort of crisis points. he certainly did a lot of that with mitch mcconnell, the republican senate leader when he was vice president under barack obama. so thats sort of the mood here. optimism might be too far of a stretch, but certainly the view this is a critical data point. >> lets talk, ali, about the unification of republicans. were hearing from sena...

Blame if default does happen? 39% say they blame republicans. biden 36%. thats evenly split. you have this meeting with biden tomorrow. do you think something comes out of that. >> i sure hope so. it is a negotiation between biden and kevin mccarthy with house republicans. the president has known that for weeks. only now is he meeting. he is meeting also with schumer and mcdonnell. it is between he and mccarthy. he has to engage and show leadership. >> bill: do you think the white house was surp...

Morning, noon and night to rally republican senator, hes going to join us coming up after you to discuss his work on this. how do you see this playing out? >> well, take the second thing first. mike lees let letter with 43 senators changes the game because now you have a situation where the house has passed a debt ceiling bill that cuts spending, and you have more than 40 senators who have said they will not support any conditions-free increase in the debt ceiling. in other words, the debt ceili...

Part in this election. people are already energized about the election. they want to see as focus on issues. we saw last congress what can happen when we have strong leadership focused on getting things done. >> we initially wanted to have you want to talk about the debt ceiling. as i was coming to you, this statement from janet yellen essentially said that there could be an economic calamity in the future if something doesnt happen. we obtained this letter here signed by 43 arrival cans saying ...

Morning, noon and night to rally republican senator, hes going to join us coming up after you to discuss his work on this. how do you see this playing out? >> well, take the second thing first. mike lees let letter with 43 senators changes the game because now you have a situation where the house has passed a debt ceiling bill that cuts spending, and you have more than 40 senators who have said they will not support any conditions-free increase in the debt ceiling. in other words, the debt ceili...

Time. they need to honor their constitutional obligation to pay our bills and not unilaterally inflict a recession on the country. now, this is significant. i mean, we have already seen the senate majority leader mitch mcconnell. he suggested, look, the white house has to negotiate with the speaker of the house. but this increasingly makes it clear that senate republicans are not going to be the off ramp that perhaps the white house at one point hoped they would be, to allow for a clean debt cei...

Criticism from within his own party over his approach to the debt ceiling debate. and one of his criticss west virginia democrat, joe manchin. the senator is set to meet with congressional leaders soon but he says he will not negotiate on the debt ceiling increase and will only accept a clean bill that will raise the countrys borrowing limit. so, tonight, senator joe manchin told cnn that he doesnt expect a default but that refusing to negotiate, he thinks, is the wrong approach. >> were not goi...

More challenging. the fact of the matter is, republicans and democrats know the debt ceiling has to be addressed. speaker mccarthy has done his job. house republicans have done their job. now its time for the president to do his job. i dont think he thought that speaker mccarthy could pull this off. house republicans could actually pass a debt ceiling increase, but the ball is now in his court. i think while well see a lot of drama between now and then, i think the inevitable result is that spea...

Bill that will know what the debt ceiling increase needs to be if you have to write it months in advance, and now we know its the shell, and it turns out theres a new version of the interiors possibly over that shell thats been introduced every day by rich e. neal, as you go along, so that there will always be something. >> yeah, but we know what the contours of that would be. weve been through this before, as youve reported. that republicans consistently threatened this. so, its not as if, unfo...