debt ceiling deal is reached. there are many moving parts. we have details on to phone calls happening as both sides iron out the details. congressman, richie torres, from new york, joins me for moments when we break down what we know. good day from msnbc world headquarters in new york, welcome to alex witt reports. i m in for alex today. we begin with breaking news. a lock happening on capitol hill this hour. white house officials and house republicans are preparing for a call any minute now. their calls between president biden and speaker kevin mccarthy. house republicans are than expected to release the full text of the debt ceiling agreement negotiated by both sides. at five p m today, democrats will get a briefing on the agreement from white house officials. here is some of what both sides say is in the deal. it raises the debt ceiling until 2025. it cuts 1.5 trillion and spending. it increases defense spending. as new work requirements for some government programs, and
coverage and casey stegall at dw international airport but first we send it off to christine coleman in santa monica, california, with a rough assignment on the beach. how was it working out there, christina? hi, bill, millions of americans across this great nation honoring the brave men and women who paid the ultimate sacrifice for our country. take a look at this video. a wreath-laying ceremony for the uss intrepid and located on the hudson river in new york city and more than 50,000 served on board the ship during its surface. to me, it is sacred ground. the cemetery because so many people are buried at sea. here on the west coast, the national cemetery with 12 annual memorial day ceremony. the cemetery 15 miles north of downtown san diego and more than 30,000 veterans laid to rest there. i m very thankful everybody comes out and supports these whether they know those folks are see the fruits of the sacrifice that they have made for this country. in the midwest s
leaders at the white house to address the looming debt ceiling deadline as financial calamity moves one day closer to reality. in manhattan, nine jurors are deliberating in a trial against president trump brought by e. jean carroll. a 6-year-old boy wounded in a mass shooting. the only member of his family to survive. both his parents and 3-year-old brother slain while two young sisters, aging 8 and 11, are also killed. their mother in critical condition. just two of the families, some of the victims in the latest mass shooting involving an ar-15-style rifle. i will speak with gun safety advocate fred guttenberg whose daughter jamie died in 2018 in parkland. good day, everyone. i m andrea mitchell in washington. president biden will hold speaker mccarthy, leaders schumer and mcconnell and hakeem jeffriess for a meeting on the debt ceiling. it s not expected to produce any major breakthroughs with the nation weeks away from falling off a fiscal cliff. can they find a way
some reports say the treasury secretary, janet yellen, has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here again? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe. so what exactly is happening here? major consequences for the economy. the us could default on its debt in a matter of weeks. debt limit measuresl may be exhausted. weeks to go before the federal government is unable to pay its bills. well, the us government spends more money than it brings in, so it needs to borrow money to pay its bills. it can only borrow a certain amount of money and if it needs to borrow more, congress has to approve that. it used to be a routine thing but not any more. republicans see this as an opportunity t
stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed