Page 2 - Debt Ceiling Increases News Today

Cnn prime time with abby philip is up next. In the early 20th century, the Marx Brothers became one of comedys most famous acts. They were showman, full of gags and stunts on stage in front of the camera as well. And in a wild twist, a century later, one of their most famous lines is now being used in the fraud trial of a former president. Your excellency, i thought you left. Oh no, i dont leave. But i saw you with my own eyes. Who are you going to believe, me or your own eyes . That was the quo...

They were shown full of gigs and sons on stage and in front of the cameras as well. In a wild twist, a century later, one of the most famous lines is now being used in the fraud trial of a former president. I thought you left i did not leave. I saw you with my own eyes. Who are you going to believe, you are your own eyes . That was the quote. It was used by a judge in a ruling that donald trump is liable for fraud. Pointing out that trumps fantasy world, when it comes to the values of his proper...

Approved clean debt ceiling increases, and then the meeting between president biden and four congressional leaders, if that could lead to a sense of spending on the side, thats where the white house is leaning right now but we will see if and when that is possible next week. >> jeremy, if there is no break through, the results could be devastating to the u.s. economy. yeah, we dont want to see that. jeremy diamond, thank you so much. jessica? the keyboards are quiet but the picket lines are no...

And you start writing your term paper, not that that ever happened to any of us. i think thats just the way washington tends to work. i would say one of the things that anna said is spot on is watch the senate republicans here. im wondering how long mitch mcconnell is going to let this go. we know if you look at government shutdowns, not quite analogous to this, but government shutdowns have almost always blamed republicans for taking everybody over the cliff. so i dont know that this is going t...

Interestingly, for 2011, it actually was, we had spending caps, we had actual policies that generated savings. we had rules, we had some symbols. all which came out of increases to the debt ceiling. but under president trump, there were three debt ceiling increases. they also had bills attached to them. you know they did? they made the death worse. the three increases under president trump all made the debt much worse and they burrowed more. that is the opposite of fiscal responsibility for sure...

>> thank you, maria. maria: how do you think this debt showdown will play out in the coming months? >> well, i think itll play out in the sense that we have just had the american people speak. the american people were operating under oppressive burden. our $311 trillion -- if 1 -- 31 trillion national department is so much larger hand our economy, that were having a difficult time keeping up with it. in just a few years, were going to see our annual interest on debt skyrocket from around $400 bi...

Trump, who added $8 trillion to the deficit -- to the debt -- and who raised the debt ceiling -- signed three different debt ceiling increases. >> there wasnt a lot of talk by republicans during the trump years about the debt. it went from the tea party, where there was tons of talk about it, to heart of silence. >> they were hibernating debt hogs. they became debt doves during the period of the trump presidency. so, theres a lot -- you know, theres a lot of posturing and hypocrisy here. theres ...

We saw that in 2011, when the tea party republicans came in. its interesting that you raises point because one of the people not urging republicans to hang tough and use it as leverage to reverse everything democrats did in the last two years is donald trump. who had an eight trillion dollars to the deficit and debt, who raised the debt ceiling. three different debt ceiling increases. >> there was not a lot of talk by republicans during the trump years about the debt. they went from the tea part...

Administration that shouldnt be happening. laptops and such. well see some decent investigations like, hey, what happened with the withdrawal in afghanistan. we do need to get to the bottom of that. and were also going to see a lot of obstructism when it comes to the debt ceiling increases, which happens about once a year. theyre all of a sudden going to become politicized and used as a weapon against kevin mccarthy. also the concession of moving from having five members possibly unseat a speake...

Thats what we have returned to the american people, to be the greatest legislative body on the face of the everett. neil -- of the earth. neil: key to this agreement was another measure to cut spending, tie it to debt ceiling increases. democrats immediately seized on that, sir, to say republicans are going to shut our government down. if they dont get their way, theyre going to shut our government down, and this is the tool theyll use to do it. what do you say? >> i say that there is plenty of ...