Prioritizing Payments News Today

im christine romans. "cnn this morning" starts right now. good morning, everyone. it is wednesday. kaitlan is back. that makes me very happy. were back. and so much going on today. >> and whats going to come. >> lets hope a deal. >> yeah. >> lets get started. i do sense a skeptic? >> i believe it. lets get to the five things we need to know for this wednesday, may 24th. ron desantis set to announce his 2024 white house run today. there is nothing conventional about this. hes going to...

>> good evening and welcome to politicsnation. tonights lead, breathing room. ♪ ♪ ♪ >> right now, it looks like there is some deadline and our debt ceiling debate. janet yellen giving congress and the white house and extension, but only of a few more days, to hash out a day will and avoid an economic catastrophe. and the biden white house aides and republican house speaker kevin mccarthy are reportedly closer to doing that, as the clock runs out. with gop hard-liners in the house...

the sunday show. this sunday, were following a lot of breaking news, including that mass shooting in monterrey, parkville fournié. this left ten people dead. well bring you the latest in just a moment. we begin with breaking news in the classified investigation. the white house is facing mounting questions after a reveal the federal agents search president bidens home in wilmington delaware for 13 hours on friday, and found more items with classified markings. the search was prompted ...

playing field that even with the quote, even after squandering all those even afte squandering all thos elon musk is still the second richest human being on the planet. and on that note, that does it for us tonight. rachel will be back on monday. alex will be back on tuesday, and my own show, here on msnbc, well be back on sunday night on 8 pm, but now its time for the last word with ali velshi and lawrence odonnell. >> that was a segment after my own heart. what a world, right? a guy ...

182 billion dollars -- 182 billion dollars and remain the second richest man in the world. that says it all. one doesnt need -- >> which tells you that he had too much in the first place and no human beings should have that much even on paper. its ridiculous. >> im glad, though, about your segment about how people are getting more worried about the gas stoves and you are talking about the culture wars and dr. seuss. and i remember don trump talking about not enough water coming into th...

Deal is not reached by the june 5th deadline? how does that affect the average american watching? >> luckily for negotiators, they have an extension on their homework, so to speak, with janet yellen, the treasury secretary, moving up that x date to june 5th, so a bit more time to get this passed. but it would be absolutely catastrophic. this has never happened before. we came close about 12 years ago in 2011 to create aquatic rating by standards, and it was already downgraded just from the threa...

Distraction. she runs the cash books. she sees what is coming in and going out. we have a huge amount of obligations. there are so many variables. shes very clear as early as june 1st. were going to get a bunch of payments june 15th. that is quarterly tax receipts. theyll come n so money will be coming in. we also have to pay $42 billion in medicare and $25 billion in social security before that june 15th. this is like -- >> that doesnt even itself out? >> we are running on fumes in the bank acc...

Treasury Secretary Janet Yellen said that despite the government hitting the debt ceiling months ago, there has been no plan for prioritizing payments presented to the president.

The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare.

History, this is an argument of convenience for them, they dont know what they want other than to recap back. >> you know, congressman boyle, a week ago it was reported that republicans had that blind to prioritize payments of the debt ceiling is breached. this is the same thought, or idea, that came up in 2011, during the last really serious that ceiling crisis. is that a viable backup plan? prioritizing payments. >> its déjà vu all over again. no, it isnt. treasury department has said repeat...