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speaker kevin mccarthy has yet to issue a budget for the next fiscal year. but did manage to cobble together one frankenstein monster of a debt ceilin proposal this week mccarthy presented a sweeping 320-page bill tha would pair 4.5 trillion dollar in spending cuts with a 1. trillion-dollar increase in th federal dilemma that would kee the bill collectors at bay until march 24th, just in time for the campaign season to hea up the white house says thi spending cuts wish list tied t the ...

set. this is what were watching "at this hour." thank you for being here. im kate bolduan. the battle over the nations debt ceiling is upon us. the united states just hit its borrowing limit of $31.4 trillion. and that means that the treasury department must now begin to use a series of what is called extraordinary measures to avoid default. extraordinary measures that are no longer so extraordinary since they have been -- theyve had to be used so often. this is a completely avoidabl...

Progress, it would take us backwards. >> i just want to be clear you are not saying that th administration is unwilling to have spending conversation with the speaker it is just that yall don want to do it in connectio with the debt ceiling. >> ive been in the middle of lot of spending fights in this town, ive worked for the hous parisians committee for many, many, years. so a lot of this is not new. i have heard it before where people try to extrac things that are, frankly unrelated to the issu...

Because that is where this is headed, do you think it is going to -- even if this is avoidable and these two things could happen separately, raisi ceilin over spending and weve seen republicans raise the debt ceiling on president trump three times without having to talk about any of this spending conversation. do you think in the end this -- when when it comes to the staring contest of were not going to negotiate and going right up to the debt ceiling or the limit, do you think that democrats ha...

>> harris: it wont mean his trip wasnt worth it, it just may mean that china is what? >> weve got to keep pushing. there is no quit here, this is a nuclear threat that had the capability of harming the american people and our allies around the world, not something you throw your hands and say shoot, we cant do this. hopefully we can get this done because you are right. >> harris: the defense spending conversation that will be part of that spending conversation at the white house today, that will...

I think it is an important moment. >> some part of me doesnt under -- republican party basically has taken a standing position of disgruntled, annoyed or outraged on anything. if you look at this bill, it is not that bad for republicans. they did not like defense cuts. this alleviates some of them. there is no long-term unemployment assist inside in there. thats something thats been tabled for the new year. yet you have mike enzi out there. they cant accept they have won the broader argument abo...

Presidents larger message around increasing taxes on wealthy americans, to help us deal with some of our debt challenges is really the central theme that went through this entire election cycle. and so, the republicans house, in particular, has been focused trying to protect, trying to prevent taxes from increasing and trying to protect essentially 2% of the americans. 2% of the americans and having their taxes go up. when really it is, as senator harkin said, it is really about those people, th...