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That passed the house of representatives and it raises the debt ceiling. i think it is unlikely they will attempt to do a short—term extension as suggested, that would be a way to give them more time. it is unlikely because i dont think they want to do this twice. so, what is left? work requirements and safety net programmes. i imagine that will be the item that republicans say, we wanted to include that but we didnt get everything we wanted. but again, speaker mccarthy has to get that through...

Which sounds a lot like negotiations over a debt ceiling. if that is the case, how does this all end, and what do democrats get out of it? joiningt us now for his very first television interview since assuming the job of white house communications director is ben labol. thank you for being here. what a day and time to start the newe gig. i think the question a lot of folks are wondering -- is the white house now negotiating over the debt limit? >> no. look, alex,it default is not an option. it w...

This are huge if you go forward as mccarthy once what will happen? you will literally see interest rates go up for mortgages for loans. youre going to see the stock market plummet again. we cant afford. we have just come out of this pandemic. senator economy is strong unemployment as well. we dont want to go the wrong way. so my proposal is debate this stuff? yeah. the budget is being debated right now that will be decided at the end of the year. that is a place to debate this not right now. wit...

That is a place to debate this not right now. with the brinkmanship, ronald reagan said it stopped the brinkmanship on the debt. dont let it default. donald trump said it but you said that president biden should negotiate but you dont think that they should be linked is what youre saying he should negotiate on the budget. that is the place to negotiate, and they should start those negotiates now not using the american people and their mortgages as hostage because right now weve got to simply mak...

To debate this. not right now. with the brinkmanship, ronald reagan said it stopped the brinkmanship on the debt. dont let it default. donald trump said it but you said that president biden should negotiate but you dont think that they should be linked is what youre saying he should negotiate on the budget. that is the place to negotiate, and they should start those negotiates now not using the american people and their mortgages as hostage because right now weve got to simply make clear were go...

We cant let it default, and basically hold us in jeopardy. with that being said, how do you use this moment? do you come to the responsibility? what are we paying for interest? for ten years, it was zero, it was funny money. it didnt put any burden. we were basically not harming how we have to meet that debt through our interest rates. now were talking real money on interest rates. were -- i guess i come back to, what is the moment to force this -- >> this is a moment -- if kevin mccarthy coming...

Question because, is it not the next day it— question because, is it not the next day it was— question because, is it not the next day. it wasjust question because, is it not the next day. it was just assumed that by default. — day. it was just assumed that by default, thats what it would be, but it— default, thats what it would be, but it seems that organisation is ust but it seems that organisation is just too— but it seems that organisation is just too difficult to co—ordinate. it...

The presidents ability to clain default. even if you didnt go to it default, what would happen in y the market and economy as a result of that. >> gentlemen, whats going to happen? >> iou think you probably get a form of out this, but i would like to emphasize the fact that republicans may not have a perfect strategy or tactics right now doesnt mean theyre right on the underlying ere argument. we have too many entitlements and heres another one.ma i dont think the fact that c barack obama passed...