and those are wealthy tax cheats and those who earn more than $400,000. before we go i want to get your thoughts on speaker mccarthy and president biden on the debt ceiling. mccarthy saying he told the president that the house would not pass a clean debt ceiling with no strings attached. meanwhile president biden, of course, saying he won t negotiate over the debt limit and he welcomes a separate discussion. where do things stand today? so the president made clear that he had a frank conversation with the speaker, and he s also made clear he s happy to talk about how we can reduce our debts and deficits. and by the way, we ve reduceed the deficit by $1.7 trillion over the course of the president s two years. the thing he s not willing to do is have that conversation where threatening to default on the nation s obligations. we need to pay for things for our troops and social security. the president has a plan to do so and we look forward to having that conversation.
new tonight, biden and mccarthy face to face. neither side ready to cave tonight as the two most powerful men in washington try to raise the nation s borrowing limit before the u.s. defaults on its debt for the first time ever. keep in mind the u.s. lost its top-notch credit rating in 2011. that was due just to the threat of a default. and it has been 4,198 days since that happened. and america still hasn t gotten it back. biden wants to raise the debt ceiling. he wants to do it with no strings attached. mccarthy is insisting on tons of strings, otherwise in his view, known as spending cuts that would go along with agreeing to raise the debt limit. here s what just one republican kate congressman is saying today. is there any scenario in which you could see yourself voting for the debt limit? no, not really. then there could be a fault then. there could. but i voted to shut it down
i really do. mccarthy told reporters after he got back to the hill that the house republicans would not pass a clean debt ceiling with no strings attached. so where are they getting the optimism, and it seems disjointed in this moment. well, they are both trying to be good cop, and i m not surprised, because this is where they want to open up the conversation, and they are trying to take the temperature down for the sake of the markets and how other countries are looking at the u.s. and the sake of the obligations and the sake of the credit, et cetera, but it is much more important for the words that kevin mccarthy said coming back to the capitol than the white house there, and he told manu raja that they would not support the clean debt ceiling, and so the white house is open to trimming some spending, we will have to see, but there has to be some type of
with vice president kamala harris and president biden at the white house for an event marking the 30th anniversary of the passage of the family and medical leave act. president clinton signed that, by the way, 30 years ago in 1993. we re going to bring you president biden s remarks when they get underway in just a moment. also coming up, what happened when chicago gave $500 a month to 5,000 city residents, no strings attached. and the u.s. boosts a number of its bases, military bases in the philippines, what the military s expanded role there tells us about tensions with china. about tensions with china. think he s posting about all that ancient roman coinage? no. he s making real-time money moves with merrill. so no matter what the market s doing, he s ready. and that s. how you collect coins. your money never stops working for you with merrill, a bank of america company. any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too?
address economic inequality. the resilient community s program is one of the largest programs in the country. opponents argue it s unsustainable and the benefits are only temporary at best. nbc news correspondent shaquille brewster has more. reporter: every month, zanita moore gets a cash deposit from the city of chicago, no strings attached. it did take a lot of worry off of me, a lot of stress. reporter: moore is a single mother of three, working two retail jobs seven days a week. she s a participant in chicago s resilient community pilot, a guaranteed income program that for one year gives $500 a month to 5,000 city resident sgls what is resident. what is the impact of that? relief. it helps me throughout everything, whether it s bills, an activity, whether it s