Minting A News Today

my buddy phil is here. good morning. >> good morning. thank you for letting me come back. i wasnt sure after yesterday. >> youre such a pleasure. you make these mornings great. did you get some sleep? >> i did. little bit. thanks for having me. we have a lot going on today. five things to know for this tuesday, may 9th, 2023. vladimir putin speaking from red square claiming the, quote, real war is being waged on russia during a scaled back victory day ceremony, the speech comes hours...

when the may sunshine comes out from the word go in the west will feel pleasantly warm with temperatures widely in the high teens, low 20s, could be make it 22 in northern ireland, the warmest day of the year so far. second half of the week in, a cold front moving in across the north—west of the uk dropping rain and temperatures. the rain milking into wales and north—west england but ahead of that we are into the warm air across central and eastern england with temperatures reachin...

Legal experts, some last resort options the president could ostensibly take. things like invoking the 14th amendment, which declares that all public debt of the united states valid. the treasury could prioritize some payments over others as a way to mine miez the fallout from default. treasury, this is a very popular internet idea, minting a $1 trillion coin to pay its bills. maybe fund the government with the sale of bonds which never mature. here is the reality, the white house wants no part o...

Theoretically allow the president to raise the borrowing limit without congressional approval. something the white house says it will not do and something the president believes he doesnt have the power to do. yesterday paul krugman accused lawmakers of holding the country hostage. >> the debt ceiling is a fundamentally stupid but dangerous thing. we have congress that tells the president how much he must spend. tells him how much hes allowed to collect in taxes. he says theres a difference th...

Weeks sooner than expected. joining me to talk about it, zachary from "the washington post". >> good morning. >> lets start with the letter from the senate democrats. what is the likelihood of the president bye passing congress? >> the president has ruled out one option, some of them seemingly wacky, but definitely possible, including minting a platinum coin, issuing ious and various other ideas people are coming up with. so farc the white house hasnt explicitly ruled out the other ideas, but no...

Such as minting a platinum $1 trillion coin. >> there are no plan "b" here. thats a bad phrase these days. >> that is a reference to the recent fiscal cliff fight. with white house and republican in opposite corner not clear how they manage to avoid a washington-created crisis. bret? >> bret: mike emanuel live on the north lawn. thank you. national cathedral in washington will begin holding gay marriage ceremonies. the dean of the 106-year-old facility perhaps most well known nationally for host...