Page 3 - Debt Ceiling Problem News Today

>> as it relates to climate provisions, not requiring that to be paid for because we dont see the cbo estimates take into account the cost of inaction, and it is consistent with the house to pay forward for this congress. >> the bill now goes to the senate. majority leader chuck schumer aims to pass the bill by christmas, but the bill must change to meet the demands of moderates like joe manchin. it may be a challenge for liberals in the house to accept the bill.f january they try to align with ...

Bill going forward. she says changes are come. joining me right now is mark zandi, chief economist for moodys analytics. great to have you, mark. lets start with whats going to happen today. the house is back in session. they are going to be voting to raise the debt ceiling for, well, a short-term fix to this -- to the debt -- to the debt ceiling problem. both parties have raised the debt ceiling. both parties have warned of the disastrous impacts of not doing it. what is the impact really of wh...

The national debt ceiling. while that will avert a national economic crisis, the presidents domestic agenda is stalled in congress and now lack of action is taking a toll on his approval rating. cnns jessica dean is monitoring the situation up on capitol hill. lets go to the white house. our chief white house correspondent kaitlan collins is joining us. does the white house see this potentially as a make or break stretch for the biden agenda? >> yeah, wolf, theyve realized theres a lot riding on...

Watch shows like "squid game" out of korea is sort of like traveling a bit around the world. right? you get to experience another culture from your living room. >> reporter: other streaming services are following suit producing their own international shows putting the globe on the tv map. >> joe fryer reporting on "squid game," an international phenomenon. still ahead on "morning joe," with a possible short-term solution to the debt ceiling problem in the works, will democrats now be able to ...

Ten years. thats backbreaking stuff and they also say the price tag is really actually 5.5 join -- >> sean: joe, wait a minute. they said that this isnt going to cost us a penny, wont cost us 1 cent. >> hence my point, right? this is going to cost us a lot. even "the washington post" fact-checker called the $0 claim "mythical zero" and said that the president, whoever writes mr. bidens script, being misleading and this sort of messaging, its going to put thisis p i bill at serious risk because i...

Even "the washington post" fact-checker called the $0 claim "mythical zero" and said that the president, whoever writes mr. bidens script, being misleading and this sort of messaging, its going to put this bill at serious risk because in the court of public opinion this is getting left out of the room. either way, to your point, this bill is either tanked by "the squad," aoc wing of the party who promised to tank it was so called human infrastructure built -- moderates, right. joe manchin and ky...

It is down nearly 4% for the month, but still up 11% this year. and context here, the s&p 500, laura, is still up 16% this year. but we had gone just months and months without any big moves, just creeping up to record after record after record high. i feel like the market was primed to come down. even all of the factors yesterday were factors we kind of already knew. i would say the clearest new factor was this debt limit, debt ceiling problem we have in washington. that seems to be the newest p...

Have cut defense spending by 11% and non-defense spending by 9%. so we wanted to avoid that. then the senate also wanted to get any possibility of shutdown or default past the next election. then secretary of the treasury mnuchin desperately wanted to do away with this debt ceiling problem because he saw that we were going to run out of the ability to borrow in early september and wanted to get it done before that eventuality occurred. >> uh-huh. >> again, it was just a very lucky confluence of ...

Most freshman members of congress, but also by far the best known. >> yeah, absolutely. these are the two highest profile democrats in the house. and perhaps even in the party right now. so i think it sends a really strong message not only to her own democratic caucus, but also to her republican rivals who have been trying to seize on these divisions in the party. and a message to president trump who has been bragging behind closed doors about being able to marry and tie the entire democratic pa...

Mass. and now the president is pushing a $5.5 billion relief plan which only makes the september on capitol hill that much more complicated with a debt ceiling problem and also tax reform looming on the horizon. im looking at the front pages of the papers today. "the new york times," theres an interesting story to explain september pretty well. storm shoves political wins in capital, and theres "the new york times." theres a line here that just to boil it down, he says the storm has transformed ...