night! good evening, once again i m stephanie ruhle. less than two hours ago, the house passed a bipartisan plan to head off a disastrous default which the treasury warned could come as soon as monday. it will clear the house at a critical time for our economy with the risk of recession still a concern. 314 members voted in favor of the bill. how does 17 voted against it. among the no votes, 71 republicans including members of the freedom caucus. but they were not alone. 46 democrats were also in a no column. before the vote took place, several members from both sides went to the floor to make their case before the bell. thank goodness for joe biden s legislative skill. we will not go over the edge. and they were prepared to take us over the edge! the bill contains spending cuts that take a step in the right direction towards restoring fiscal sanity in washington. we need to avert a default that would stop checks to our seniors, benefits for our veterans. ho
night! good evening, once again i m stephanie ruhle. less than two hours ago, the house passed a bipartisan plan to head off a disastrous default which the treasury warned could come as soon as monday. it will clear the house at a critical time for our economy with the risk of recession still a concern. 314 members voted in favor of the bill. how does 17 voted against it. among the no votes, 71 republicans including members of the freedom caucus. but they were not alone. 46 democrats were also in a no column. before the vote took place, several members from both sides went to the floor to make their case before the bell. thank goodness for joe biden s legislative skill. we will not go over the edge. and they were prepared to take us over the edge! the bill contains spending cuts that take a step in the right direction towards
worrying. it may even get close to becoming good news in a year or so. as you say, very strong rumors that the fed is going to put a pause on interest rates in june. so, there is a big distinction out there; if you have people help the economy is doing, the american pomp economy is doing, say i m terribly pessimistic. the number of people doing google searches for receptionists s unimaginably high-levels. but if you ask them a different question about their family, how are your finances? and it turns out that people are remarkably optimistic right now. each of us is feeling pretty good at home, not all of us, we can get a little better, but when i asked to reflect on the broader economy and i think that s where maybe the narratives come back a little bit more, all of a sudden we heard a lot of pessimism, so we ll repeat a lot of pessimism and then what happens? i get on tv and you reflect the pessimism back to me! and i have to repeat it back to you! but the truth is, jobs have never b
who is sitting at home watching, republicans who vote no get criticized for wanting to tank the economy, but what about democrats who are voting now? well let s be clear, this is not an accomplishment, right? all we did is prevent default by raising the debt ceiling. this is something that we have done routinely as a congress over 60 times, and we are in this circumstance only because we have a bunch of juvenile delinquents that are in charge of the house of representatives who have basically said, our agenda is so unpopular, this is the house republicans, the only way we can get it passed is to threaten to melt down the entire global economy. so you are dealing with political extortionist here. all we did was prevent default. that doesn t really sound like a reason to celebrate. that s not some grant that bipartisan victory. just a year ago, we were saving
a whole ton of people on the right to back him, but at least four tonight he has emerged with the votes, they pass the bill, it s going over to the senate, and that laced for the time being a major crisis that could have threatened the united states economy is not going to happen. and that s a huge positive. we are avoiding economic disaster, but let s go bigger than that, just. in unemployment remains really low, and we get a lot of signs that the feds are going to pause on raising rates. given all of that, why do people feel better about the economy? those are a lot of good points. i mean it s unemployment and at a 50-year low. it s the sort of right that i dreamed about becoming an economist. it s everything i ve ever wanted to achieve. more than that, inequality has been falling out in the last couple of years. big thing that s out there is inflation, people are worried, but it s on the way down certainly from crisis levels to the levels that are a lot less