Tit Default News Today

Thatsnot good for a perso who only holds a four seat majority but took 15 ballots t win the gavel. still, he insists that congres wont allow the u.s. t default. sure, jan. joining me now, -- director shalanda young. director young, welcome back t the sunday show. >> thank you, thank you so much >> before we get to the specifics of speaker mccarthy plan, citing what they called, weak taxed collections economists at goldman sachs ar predicting that the united states could hit that debt ceiling lim...

Not that goes to the floor. >> and the president lost ground on that front yesterday. she in her heart wants to do it. shes a free trader and gets into a caucus, trying to find a way to cooperate with the white house hand that shrunk yesterday. >> 120 billion in automatic cuts if they dont reach an agreement. mitch many conley and kevin mccarthy have been aligned that they need to forestall this and reach a broader agreement. had a great closed door meeting with the white house aides on tuesday ...

And you, know, lets be very clear about how wrong he is on that point. what he is talking about is prioritization. the argument is the treasury can pay some bills, not others. it is absolutely false that the treasury can do that even with the creditors. even with the folks it owes interest payments. there could easily be a day. mark will back me up on this. easily be a day where cash flow is less than the interest payments that have to go out that day. and at that point, you are, technically in ...

>> i have made clear for months and months, the idea of default is wrong. we shouldnt get anywhere close to it. >> we are very close to it. in fact we are just days away from the united states treasury being unable to meet awful its financial obligations. in the spot light tonight, default and downgrade. as we moved one day close tir t default. harry reider eissued this warn. >> the debt is here. the deadline is looming. rating agencies are talking about downgrading us as early as tonight. as th...

Lesson. but of maybe we will see more courage next time from the "reasonable republicans in the caucus." >> over here is a great demonstration. video demonstration for you. just how crazy the tea party members of the house of representatives are, i want you to listen to now, to the voice of reason, pat robertson. yes, pat robertson. listen to this. >> the republicans have got to wave the white flag and say we fought a good fight. now it is over. they cannot shut the government down. and then, br...

The town at $525 per hour. >> he looks very familiar there. >> but does he then -- is that -- was their excuse be that -- thats what he would have been paid in the private sector? >> their excuse is that its a town of 91 people. 1800 businesses. it is rather like a large business organization with comparable salaries. >> what did christie todd whitman tell you yesterday? >> she was on my show and she said look, the situation in states like california, illinois, and others is so dire that theres ...

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.