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Mike viqueira is nbc news white house correspondent. good morning to you, mike. are where do things stand this morning. >> reporter: the clock is ticking as is the debt clock in this country. $14.3 trillion, that exceeds the total value of everything this country produces in any given year, $14 trillion gdp, the republicans say they wont allow the debt ceiling to be raised, risking default of the country could wreak havoc on the economy. they say without a concrete plan from the president and co...
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After the house is expected to move quickly with lession with the rules meet a committee meeting on thursday and one week after the new congress begins its work a vote to repeal in the house is expected bret. >> rob emanuel. sorry you have to come back, mike. >> thanks. >> a big fight on the horizon concerns the nations debt and whether to raise the limit on how much red ink the government can swim in. they look at how that conflict is shaping up. >> with the nations debt clock sounding the a. o...
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Washington it needs to curb its huge budget deficits or else risk future damage to the economy. heres a look at the nations debt clock. never a pretty picture, there it is, 13t and counting, the federal government is on track for the second highest decifit ever at 1.3 trillion, slightly less than last year, where we had $1.4 trillion. >> we do know, however, that the threat to our economy is real and it is growing, which should be sufficient reason for fiscal policymakers to put in place a credi...
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