said to oppose raising the debt ceiling. this of the nation s just weeks away from defaulting on 31.4 trillion dollars worth of debt for the first time in history. and the consequences could be potentially catastrophic for millions of americans. and we seized has all of the details. this week, treasury secretary janet yellen warned in a letter that the debt ceiling isn t race soon, the u.s. might not be able to pay its bill as early as june 1st. soon after the release of that letter, news broke that president biden had invited to the white house the top two republicans in congress for a face to face meeting. house speaker kevin mccarthy and senate minority leader mitch mcconnell. along with the top two democrats, senate majority leader chuck schumer and house minority leader hakeem jeffries. president biden and congressional democrats want to raise the debt limit with the no strings attached. the republicans say they want spending cuts attached. exclusive interview on msnbc,
simple, clean the sooner these two guys get in the room and listen to what the other one needs the more likely they are to solve this challenge and protect the full faith and credit of the united states of america. we re on really shaky ground right now. elena, where do things stand heading into this potentially pivotal white house meeting? fred, it s a hugely consequential week for both end of pennsylvania avenue? both sides of dug in on their position. democrats want a clean debt ceiling deal with no strings attached and republicans are arguing that they need spending cuts and concessions to be able to reach a deal. but really, given the balance of power in congress, neither side is going to get exactly what they want. i do think increasingly republicans and democrats alike are beginning to recognize that a compromise is needed in order for the united states to avoid
discarded chemical spray and then sprayed the capitol police and metropolitan police with the chemical display. he was wielding a wooden club, but they also say that he has a three-decade history of assault, violence and weapons. a jaw dropping criminal history of 38 prior convictions going back to 1991. and he was actually on probation at the time of january 6th. ken dilanian, thank you for bringing us that reporting. now to major new reporting that the white house is considering a shorter term debt ceiling agreement. kayla tausche has the latest. you broke this story, what more are we learning. reporter: we know the white house is preparing for the high stakes meeting on tuesday when the president is going to be hosting the top four congressional leaders and the public line has been that the president wants a long-term deal. the white house believes that republicans should raise the debt limit with no strings attached. behind the scenes, they are
the federal government will run out of money to pay bills around june 1. democrats want to raise the debt limit with no strings attached but republicans are demanding some spending cuts. the negotiation ought to be about the budget after we agree to avoid default. so they are saying a red line for them. there is no such thing as a red line. the bottom line is we re here to negotiate. can t we talk about how we got ourselves in the position and start talking about how we ll get ourselves out of it. and it should be clear to the administration that the senate is not a relevant player this time. they have got to have a measure that can pass the house. how does it pass the house? it has to have the support of the speaker and i m behind the speaker. if the u.s. defaults on its debt, the consequences would be huge. borrowing costs will go up, social security payments could be late, veterans benefits could
spending caps or actual savings. mitch mcconnell will not broker a deal with his old senate pal president biden. mitch mcconnell says a deal is up to the president and house speaker kevin mccarthy. it should be clear to the administration that the senate is not a relevant player this time. they have got to have a measure that can pass the house. how does it pass the house? it has to have the support of the speaker and i m behind the speaker. there is a stalemate until the white house meeting with congressional leaders next tuesday. lawmakers believe a market shock or credit downgrade could spark immediate action. harris. harris: thank you very much for getting us started. appreciate it. op-ed titled biden demands clean lipstick for his spending pig as excerpt reading democrats say republicans must lift the debt limit with no strings attached and accept on trust the biden