Page 626 - Leverage News Today

Matter of weeks. >> brian: mark meridith with the posturing. >> good morning, the white house says todays meeting with leaders is not a negotiation. republicans have made it clear, they will not raise the debt sooeting unless government spending is reigned in. janet yellen has been warning about consequences if the debt ceiling is not raised in a matter of weeks. the white house only has so much leverage. treasury department says it will run out of money to pay bills by early june. the white hou...

That was his goal all along. allies and aides who are close to the speaker tell me that he has been preparing, having conversations with a wide swath of members from all ideological spectrums in his conference knowing that when he goes into this meeting he has a lot of leverage. he also has a lot of runway from members who believe that he is going to be able to fight for the best deal he can get them. dusty johnson who is a republican from south dakota, a close ally of the speaker, told me yeste...

He says congress must raise the debt limit without conditions. a top official tells cnn there is no plan b. were covering all these angles of this standoff. cnns lauren fox is on capitol hill and arlette saenz is at the white house. im going to start with you, lauren. what is speaker mccarthys strategy when you have biden saying, look, im sticking with plan a, there is no plan b? >> reporter: today when the speaker goes into this meeting he is going in with the backing of most of his republican ...

Since the first. that is a tricky position for the white house to be in. honestly, i think the white house has more leverage because the economys doing well. joe bidens poll numbers arent great so he doesnt have to worry so much about that, but what the democrats do have is a united front. talking on the other side in these negotiations is a speaker who has given most of his life away to get the actual job. and if that is the case, then it is incumbent upon our republicans to have to go back to ...

Separate the negotiation from the actual lifting of the debt ceiling. and i would think theyre also going to want to make sure the debt ceiling increased for some longer amount of time, past the next election, preferably, and probably reform the debt ceiling. there is a lot of possible area of agreement within there. but if they start by hardening their positions, were just getting dangerously close to the deadline that will be this summer and markets and the -- markets are going to start to get...

A republican negotiating point. we were talking about this in the break, knowing speaker mccarthy as i do, i dont think that there is a chance in h-e-double hockey sticks he will allow the u.s. to go into default. >> at the same time, in order to keep his job, he cannot pass a clean debt and when the runner hits the road, kevin mccarthy said im not interested in punting, like a short-term, but when we are up against it, things could change. >> john: mccarthy, and that strategy is fraught because...

Hakeem jeffries set in and schumer that they cannot pass a debt ceiling without negotiating the budget agreement. thats the same way we have done it every other time. i dont know why -- even if you go back to schumer even when he was in the minority in 2017 he set the debt limit is the only leverage we have. the concerning is, that schumers whole approach was to wait until the final deadline and take america to the brink. i have been trying to do this from the day i became a speaker. so we went ...

Now it seems to me you look at the congress and say its up to the senate. you dont hear anybody in the senate moving to act on the debt limit. and i think thats because senate democrats cant pass an extension of the debt limit without the kind of spending restraint that the republicans want. they dont have the votes to do it. so they are ramping up the rhetoric on oh what a terrible thing it would be and the economy would collapse and social security would stop and all the rest of it to try to r...

This drags on and on, last one lasted 100 days, what will be the impact, and wont both sides lose many millions of dollars? >> certainly are it looks like i would imagine this is going to go on for a few months, but theres director and act or the contracts coming up. and if those get done quickly, it may put more pressure on writers. most of the networks and streamers are well stocked right now and movies, as you know, are done far in advance, so it may be a little while beyond late fight -- nig...

It was in effect that theyre not enriching more uranium. new they are. the problem with iran so brutally abusing its own people i think the prospect for negotiation is probably further away than ever before. were in a bit of a fix right now because we dont have a lot of leverage and the prime minister is where he has been, which is enormously hawkish and there arent diplomatic tools to address the challenge of a nuclear iran. >> jake, one thing he made clear that he does think that iran can be d...