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again. we did the e-verify, the first six months, not five years, like ron, so don't pick on school choice, and say that is leadership. when i got to the u. n., we cut a billion dollars off the top. we took the kick me sign off our backs, and america was respected in the u. n.. i know what we have done. >> we are moving on to a new topic, governor, is that both of you have made central to your campaigns, that is china. governor haley, american farmers were hurt by former president trump's trade war with china. as a result, his administration paid out 28 billion dollars in subsidies to farmers. you have vowed to be even tougher than donald trump on china. if your trade policies also end up hurting american farmers, are you prepared to cut a check like he did? >> that is why trump should be here on this debate stage. he should have to defend it. first of all, i have said, china is our number one national security threat. i have fought them every single day at the united nations. i know what they are capable of. the first thing we need to do
msnbc cornell belcher about the significance of last night speech. but first, and b.c.'s gary dropbox at the white house for us. gary, happy saturday, let's talk about the takeaways, one of the big ones from the presidents oval office address? hi >> hi alex, president biden spoke to the first few minutes directly to the american people last night. he talked about what was in the debt ceiling bill. what was not in the debt ceiling bill, just how close the american people got to its first-ever default, and the bipartisanship that stop that from happening. let's go through that list that you see right there. the big number on top, suspend the debt ceiling until january 1st 2025. that was the big deal. it almost limits military spending, and non discretionary spending. it rescinds about 28 billion dollars in unspent covid relief funds. and it eliminates 1.4 billion dollars from the irs budget. and then the big one right here, it restarts federal student loan payment. that is something that president biden said, not everybody got everything they wanted out of this. of course president biden
signing of the bill, including the student loan provision in that bill, so, we're going to go first to nbc's garrett -- at the white house. welcome, how is the white house selling the step deal? >> president biden is taking this message, as he loves to do, directly to the american people. you saw that last night in his first ever oval office address that was formally in primetime at 7:00. and what you did was he told people was in the bill, what was not in the debt ceiling bill, and i talked about just how close this country did get to a default, where we would be unable to pay our bills. let's talk a little bit about what is inside this bill that is expected to be signed, really, any moment now that president biden in the white house behind me. we're talking about the big number, which is he is suspending the debt ceiling until january 1st, 2025. it also limits military spending and non-military spending, and it returns about 28 billion dollars in unspent covid relief funds. it also eliminates one for four billion dollars in the irs budget, and restarts federal student loan payments.
into place, saying the government would run out of money, and be unable to pay their bills. let's talk a little bit about what you see on the screen there. what is in this debt ceiling agreement? first, that big thing. it suspends debt ceiling until january 1st, 2025. we don't have to worry about this again until about january 2025. illimitable terry spending, limits nonmilitary spending, rescinds about 28 billion dollars in unspent covid relief funds. it eliminates 1.4 billion in irs budget. and also restarts the federal student loan payments program. that's something, of course, the president biden would not, if it was his choice, put in a bill like this. of course, this was a compromise. both sides, and neither of them, got exactly what they wanted. president biden talked a lot last night in his speech to the nation about what was at stake here. what would happen if they did not reach this compromise. here's what he had to say. >> if we had failed to reach an agreement on the budget, there were extreme voices threatening
unrepentant, and selling perch. the qanon shaman returns home as a hero. all in starts right now. >> good evening from new york, i'm chris hayes. at this hour, we are watching the first big test for the first big deal between the house maga caucus, led by kevin mccarthy and a democratic president, joe biden. the house rules committee just concluded a nearly four-hour hearing, moving ahead with the bill to raise the debt ceiling and avoid default just days ahead of the deadline, when the federal government is expected to run out of cash to pay its bills. committee is expected to keep working through the evening, towards sending that bill to a full house vote tomorrow. the debt ceiling deal, which was struck over the weekend, after a very long and torturous process, would also cap spending for the next two years. and there are a few small conservative policy winds, if you can call them that, including rescinding 28 billion dollars in unspent covid relief
the first big test for the first big deal between the house maga caucus, led by kevin mccarthy and a democratic president, joe biden. the house rules committee just concluded a nearly four-hour hearing, moving ahead with the bill to raise the debt ceiling and avoid default just days ahead of the deadline, when the federal government is expected to run out of cash to pay its bills. committee is expected to keep working through the evening, towards sending that bill to a full house vote tomorrow. the debt ceiling deal, which was struck over the weekend, after a very long and torturous process, would also cap spending for the next two years. and there are a few small conservative policy winds, if you can call them that, including rescinding 28 billion dollars in unspent covid relief funds, eliminating 1. 4 billion in irs funding, and restarting federal student loan payments after a lengthy pause that began at the start of the pandemic.
the farmers but donald j trump. i got 28 billion dollars -- i saved up tunnel, and i made farmers happy and rich gun. and they're doing a fantastic job. and you know what? someday, it will become time for them to leave this beautiful earth, and they'll be able to leave their farm without taxes to their children. i got rid of the dot tax on firearms so that when you do pass away, with the assumption that you love your children, you can leave it to them and they won't have to pay tax. but if you don't love your children so much, and are some people that don't, and maybe desperately slow, it won't matter, because frankly, you don't have to leave them anything. thank you very much, have fun. [silence] >> i've watched that clip many
because of the border was so tight, drugs were coming into our country at the lowest level in many, many years. after decades of rising energy costs, the united states had finally attained the impossible dream of american energy independence can soon would have turned into energy dominance. >> [cheers and applause]. >> for the first time in memory, china was reeling and back on its holes. -- heels. you had never seen that before. the united states was outdoing them on every front and china was paying billion dollars in taxes and tariffs. the farmers know that because they got 28 billion dollars of it. no president every sought or received one dollar if our country from china until they came along. and we were getting hundreds of billion dollars. many people think that because
of twitter, it's around 28 billion dollars in the last few months. >> but it was slower than 44 billion even when they agreed on the sale price initially. that's what was part of the criticism that along with some of the other things as to why he was agreeing to that. so you're saying there's possibility that there is something that is not all said and done and is a negotiating tactic? >> it very well could be. the idea that, if the crux of the disagreement that elon has been bringing up is a disagreement over how many twitter accounts or fake or spam or inactive, he says it is wildly higher than 5%. twitter has been saying for a very long time that it is less than 5%. that is the key disagreement because 90% of the company's revenue comes from advertising sales. the number of users of twitter is key to those rates.
insoles, turn shoes that can be a pain into comfortable ones. their soft cushioning support means you can look like this. and feel like this. dreamwalk. i care deeply about the gulf. i grew up in louisiana. i went to school here. i've been with bp ever since. today, i lead a team that sets our global safety standards. after the spill we made two commitments. to help the gulf recover and become a safer company. we've worked hard to honor both. bp has spent nearly 28 billion dollars so far to help the gulf economy and environment. and five years of research shows that the gulf is coming back faster than predicted. we've toughened safety standards too. including enhanced training... and 24/7 on shore monitoring of our wells drilling in the gulf. and everyone has the power to stop a job at any time if they consider it unsafe. what happened here five years ago changed us. i'm proud of the progress we've made