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states hits today and that is the legal limit. if congress does not raise that limit, the country risks default which would have almost unmanageable consequences. now the treasury department is taking what are called extraordinary measures to push that date back a bit. but they cant do it forever. this morning cnn has also learned that president biden still plans to announce he is running for re-election. he does plan to announce that bid after the state of union address next month. th...

set. this is what were watching "at this hour." thank you for being here. im kate bolduan. the battle over the nations debt ceiling is upon us. the united states just hit its borrowing limit of $31.4 trillion. and that means that the treasury department must now begin to use a series of what is called extraordinary measures to avoid default. extraordinary measures that are no longer so extraordinary since they have been -- theyve had to be used so often. this is a completely avoidabl...

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