Page 35 - Debt Ceiling Increase News Today

Cuts with republicans. they want a flat debt ceiling increase and that might not fly. here is senior congressional correspondent chad pergram. >> its a staring contest risking fiscal fallout. democrats demand republicans unveil their spending cuts. >> let the entirety of the house debate it and vote on it and let the american people see and assess these cuts for themselves prussians insist on deep reductions. >> the credit cards are maxed out. thats basically how you hit the debt ceiling. >> haw...

The families of the victims. its just awful. lets turn to the debt ceiling. the white house says they want congress to pass a clean debt ceiling increase. no negotiations with republicans at all. is that a mistake? >> i think its a mistake because we have to negotiate. this is a democracy that we have. we have a two-party system, if you will. we should be able to talk and find out where our differences are. if theyre irreconcilable, you have to move on from there and let the people make their ...

Discuss the irresponsible government spending. im told no official meeting date or time has been set. this is for the continued public back and forth between mccarthy in president biden. we will sit down, we will negotiate, we will talk. as you heard him say there, the white house said that they are not gonna negotiate over the debt ceiling. that is something that has been increased nearly 100 times since world war ii on a bipartisan basis. even in 2021. we cant play politics. there is all of th...

To a boiling point. you know will that that lines are not really respected until we get closer to them. i cannot see much happening here in the next few months until we get closer to the possible looming deadline sometime in the summer. once again, kevin mccarthy is up against a very slim majority in order to win the gavel. he made those concessions to some deficit hawks in his own party. they made it clear there should be no debt ceiling increase without cuts to future spending. >> theres a lot...

First talk about spending cuts that they want before even starting the negotiations, before raising that debt ceiling, but, speaker mccarthy responding to this invitation by president biden in a tweet yesterday. saying he would accept this request. and, that he wants to meet to quote discuss irresponsible debt ceiling increase. to address irresponsible government spending, the echoing a week now. the united states enters into this crisis every few years, it has never defaulted on instead, what i...

The US has hit its borrowing limit, also known as the debt ceiling, fueling fears of putting global markets in instability and setting off a budgetary battle in Congress. The looming debt ceiling crisis unsettles investors, as any default will have a major impact on the international financial markets. So, what exactly is the debt ceiling, or borrowing cap, and why is it such a big deal?

Manu raju is on capitol hill. is there any sign of movement on this yet? >> reporter: there is not, kate. and this going to play out nor sometime. the two sides are in complete opposite issues about whether there should be negotiations to begin with. the white house senate democrats saying there should be none. simply the house should raise the debt ceiling, no conditions attached. something that has happened time and time again. including under president donald trump. they dont want to attach a...

Debt ceiling increase. theres more maneuverability here. but theres no doubt that youve got people who are willing to play with fire here. >> they certainly are. and, in a sense, its different now when you talk about the speakership just as an example of the partisanship. but obviously youve been through this yourself in other times. president obama had to face this threat multiple times. heres what he said back in 2011. >> republican house members have essentially said that the only way theyll ...

Actually exploring trying to address the debt ceiling before house republicans even took the majority. they didnt have the votes to do it. certainly what they saw in the first week of house republicans in the majority, the 15 votes it took kevin mccarthy just to become speaker didnt ease any concerns related to whats going to happen next, in part, because part of the reason kevin mccarthy got the votes those commitments to hold firm on spending cuts to any type of debt ceiling increase. all of t...

The white house says, no. it will not negotiate. brand-new reporting spelling out how hard a time the white house will have winning the cooperation of even a small number of house republicans, even, manu raju, swing district republicans from districts that joe biden carried. you would assume they were the ones one motst likely to break ranks >> reporter: now now. they have a diametrically opposed position to the white house. no negotiations, no condition, just increase the national debt limit. i...