Debt Limb News Today

Is good for the economy. >> when it comes to what needs to get dove but you end up in the minority, theres a lot of different items on this lame-duck agenda. im going to put up a graphic on the screen, from government funding, debt limb, electoral count act, what is realistic here? the electoral count act seems to be the most of must pass, but what else would you like to see get done before the next congress? >> just this week, we know we are going to be taking votes on the mdaa, making sure wer...

Enormous numbers, craig. never my experience in congress have we dealt with these kinds of numbers. the affordable care act itself, if it was $1.5 trillion, it would be double the size of the affordable care act. when you think about it, the president says its closer to $2 trillion. at tend of the day, i think peeker pelosi and the president know the heart of winning and maintain control of the house of the house of representatives is in the districts in the suburbs and rural areas of the countr...

On its cosponsor senator cassidy last week. >> i dont know what the point of speaking to him is. we spoke, he told me one thing, he did another. are we supposed to do that again? some people tell me i should give him the benefit of the doubt. i do give him the benefit of the doubt. i doubt all of the benefits that he claims are part of the health bill. >> kimmel tweeted thank you senator john mccain for being a hero again and again and again. what a duo. theyre tag teaming this guy, jimmy kimmel...

Something. for how many years weve seen congresses cant agree to anything. this is not a significant issue whether the debt limit is postponed for 15 months or 6 months. extending the debt limb has never cut spending. it is an excuse to not cut spending. theyd rather argue about an artificial limit. >> harris: isnt this more about the timing? the president wants to do a deal on tax reform. >> it gives him breathing room. it extends it through december. >> harris: to the more conservative members...

If i was president, i would not sign an increased budget. absolutely would not do it. they would have to sign the budget. to be clear, its increasing the debt limit, not the budget. but i want to make sure i understand you. youd let the united states default rather than raise the debt limb? >> i would provide leadership that says get on the stick, guys, and stop messing around. and cut where you need to cut because weve not raising any spending limits, period. >> im going to try one more time, s...

Limit to pay the bills we have incurred. it is unfortunate that the common-sense debt clean bill was refused a yes or no vote today. meanwhile, in the house, not much is getting done today. thats because members have left. they have got back to the home districts leaving only the gop leadership in town. now, congress must do its job and raise the debt limb to pay bills that we have incurred, and, we want to bring in brianna keilar, who is at the white house monitoring all of this for us. bri...

Weeks? how do you move that forward. >> actually i think well see that in the next day or so. again, republicans said well take the initiative on the debt ceiling so we wont default on the debt, because thats the most sensitive and potentially catastrophic eventuality, and then theyre going to meet this afternoon, and i think again, theyll say, okay, lets -- well reopen the government, well do a continuing resolution for six weeks, as well, match those two up, and tie them to the same agreement ...

Whole bunch of symptoms similar to the one weve had in the financial crisis that weve just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think its a possibility. failing to to do this would be unthinkable. its never happened in our...

That will increase interest rates, increase unemployment. you talk about a lot of uncertainty, youre creating unsrcht. >> the president tried to use the debt limb to enforce his will on iraq. >> oh, come on. >> now hes son dont even think about doing that. you know whats going to destroy the economy is the debt. >> heres a question for you. >> thats whats going to break this economy. >> i think the deficit is down to about $642 billion. >> which means were still adding to it. >> the deficit is g...

Specialist wos track down loose nuclear teles wouldnt get their paychecks. invesors around the world will ask if the united states of america is, in fact, a safe bet. the full faith and credit of the united states of america is not a bargaining chip. >> bret: the president of the united states today. his last news conference of the first term. quick reaction from mitch mcconnell who released this statement -- the president and his allies need to get serious about spending. debt limb debate is th...