ceiling. a familiar topic, but the circumstances this time are quite different. on friday, janet yellin announced that the united states will hit its debt limit this coming thursday. the debt limit is the maximum amount, according to law, that the federal government can borrow to pay for its obligations, to pay for things start to spend money on. that includes, all of the really important functions of government, everything from air traffic control to medicare and social security payments, congress decides what that limit is. so, secretary yellen wrote to house speaker kevin mccarthy, warning him that it is, quote, critical that congress act in a timely manner, to increase or suspend the debt limit, and quote. she wanted to explain that, quote, filler to meet the governments obligations would cause irreparable harm to the u.s. economy, the livelihoods of all americans, and global financial stability. all of that is true. to be clear, the united states government to fight fal
so did. mom s our and blurry couples early years in boston. i would imagine it was a sweetness to that time. it wasn t very long after they were married, and after they left boston and settled in montgomery. and then for their, until the end of his life in 1968, it was a very public life. that bomb, now the mortal arms entwined, holding each other up, clinging to the dream. thank you to craig often, for sharing that very important story with us. this important night of remembrance and renewal. and on that important note. i wish you, a very good night. from all of our colleagues across the networks of nbc news, thanks for staying up late, i ll see you at the end of tomorrow. tomorrow the full faith and credit of these comments on the line. i think that s a real threat that both sides have to take seriously. tonight s, while we may be just days away from the first genuine crisis caused by the republican-controlled house. then, i don t know about size may not, bu
are part of the republican caucus that decides not to raise the debt ceiling, and i triggers inflation, further inflation, which triggers a recession, it s not good for them in 2024. i did not think it s good for them, but i don t think they completely understand this. they seem to have graduated from the george santos school of economics. this is going to hurt them, it s going to hurt the country more. and that s the real cynical aspect of this, for these republicans, they will keep their seats in congress. they are learning from seeds that couldn t lose to a democrat, very likely, under any scenario. they will keep their see, look at their job, they ll keep their paycheck. but they are willing to put the u.s. economy, and frankly the global economy under threat in order to essentially, make joe biden look bad. this really does seem, and this is overly cynical, seemed to be an effort to create chaos, as if it s all going to fall at
recession, it s not good for them in 2024. i did not think it s good for them, but i don t think they completely understand this. they seem to have graduated from the george santos school of economics. this is going to hurt them, it s going to hurt the country more. and that s the real cynical aspect of this, for these republicans, they will keep their seats in congress. they are learning from seeds that couldn t lose to a democrat, very likely, under any scenario. they will keep their see, look at their job, they ll keep their paycheck. but they are willing to put the u.s. economy, and frankly the global economy under threat in order to essentially, make joe biden look bad. this really does seem, and this is overly cynical, seemed to be an effort to create chaos, as if it s all going to fall at