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The Katie Phang Show

good saturday morning to you all, i'm katie phang. we start with a historic win for the country. united states will detect fall on its debt, avoiding a full blown economic meltdown. hours from now, president biden will sign the bipartisan debt limit bill into law. this major breakthrough comes after a monthlong showdown between republicans and democrats. the senate passed the deal in a 63 to 36 votes on thursday night. just days before the june 5th deadline. the agreement suspense the 31.4 trillion-dollar debt limit for two years, and sets new spending levels, and also fulfills a promise from the biden administration to protect and preserve social security, medicare, medicaid, health care for veterans, and technology investments. >> last night the president praise the accomplishment in his for several address from the oval office.

Win , Katie-phang , Biden , Country , United-states , Law , Republicans , Breakthrough , Showdown , Debt , Debt-limit-bill , Meltdown

World Business Report

the bipartisan measure sped through the senate by a vote of 63—36, a day after it cleared the us house of representatives. presidentjoe biden has said he will enact the measure into law. his signature on the bill will spare the us from a catastrophic default on its $31.4 trillion debt. joining me now is will mcdonough, ceo and lead portfolio manager at emg advisors. was it a bit of a squeaky bum time for you or not? hot was it a bit of a squeaky bum time for you or not?- time for you or not? not at all. time for you or not? not at all- they — time for you or not? not at all. they have _ time for you or not? not at all. they have politicised i all. they have politicised everything, and in today's day and age, wall street has known they were going to get this thing done, there hasjust been a lot of posturing and a lot of people claiming success. and just a lot of hullabaloo that was unnecessary. it's embarrassing, actually, as an

Us , Measure , Law , Vote , House-of-representatives , Senate , Presidentjoe-biden-has , 36 , 63 , Debt , Will-mcdonough , Default

Anderson Cooper 360

the white house refused to negotiate at all, said that the debt ceiling, $31.4 trillion borrowing limit must be raised without any conditions. kevin mccarthy ultimately forced the white house to negotiate with him just days ago. and those fraught negotiations took place, they broke down, they wanted again, ultimately cutting a deal on saturday that included a range of concessions, as well as some spending limits over the next two fiscal years. that all part of a deal to raise the debt ceiling until january of 2025. we do expect this to pass. and the question now is how many republicans and democrats vote to push this over the finish line tonight. the big thing to watch when the vote happens here in just a matter of moments is whether or not kevin mccarthy is able to get a majority of the house republican conference. that is the goal. that is what the speaker has been pushing for. he told me earlier today that he does expect a majority of the conference. that's what top negotiator patrick mchenry told me moments ago. that is the hope.

Kevin-mccarthy , All , Debt-ceiling , Negotiations , Conditions , White-house , Borrowing-limit , 31-4-trillion , 1-4-trillion , Place , Part , Deal

The Context

that a little later, but there's a lot to discuss on the programme tonight, and we are going to have to —— we are going to talk about the debt ceiling. after passing through the house of representatives, the us debt ceiling deal is being debated in the senate today. the final hurdle will be a vote on friday on the bipartisan bill to raise the government's $31.4 trillion debt ceiling, which will increase the amount of money the government can borrow to avoid defaulting on its debts. let's talk now to leigh ann caldwell from the washington post. leigh ann, an important milestone, and import part of this deal was passed last night, but the clock is still ticking, counting into that june the 5th deadline when the us runs out of money was green yet, thatis runs out of money was green yet, that is absolutely right. so the deal passed the house of representatives last night, which is a pretty significant representatives last night, which is a pretty significan— a pretty significant move. it passed with bipartisan _ a pretty significant move. it passed with bipartisan support, _ a pretty significant move. it passed with bipartisan support, max - a pretty significant move. it passed with bipartisan support, max lee i with bipartisan support, max lee more _ with bipartisan support, max lee more democrats _ with bipartisan support, max lee more democrats than _ with bipartisan support, max lee i more democrats than republicans. with bipartisan support, max lee - more democrats than republicans. now it heads— more democrats than republicans. now it heads to _ more democrats than republicans. now it heads to the _ more democrats than republicans. now it heads to the senate, _ more democrats than republicans. now it heads to the senate, which _ more democrats than republicans. now it heads to the senate, which is - it heads to the senate, which is where _ it heads to the senate, which is where it— it heads to the senate, which is where it is— it heads to the senate, which is where it is now— it heads to the senate, which is where it is now and _ it heads to the senate, which is where it is now and where - it heads to the senate, which is where it is now and where for. it heads to the senate, which is i where it is now and where for the moment— where it is now and where for the moment anyways _ where it is now and where for the moment anyways it _ where it is now and where for the moment anyways it has _ where it is now and where for the moment anyways it has stalled. i where it is now and where for the - moment anyways it has stalled. what is happening —

House-of-representatives , Lot , Us , Debt-ceiling , Deal , Programme , Little , Senate , Us-government , Money , The-bill , Leigh-ann

Verified Live

messages should be referred and disclosed, redacted or unredacted. the latest line we are hearing they have been handed borisjohnson, with the cabinet office asked to urgently disclose it to the covid—i9 inquiry. you may remember there has been a bit of debate about to what extent the notebooks and whatsapp messages should be referred and disclosed, redacted or unredacted. the latest line we are hearing they have been handed to the cabinet office, the us house of representatives is due to vote this evening on a bill to lift the government's $31.4 trillion debt ceiling. this is a critical step to avoid a destabilizing default that could come early next week without congressional action. republicans control the house by a narrow majority, but the deal will need bipartisan support to pass. despite members of both parties objecting to significant parts of the bill, the republican house speaker kevin mccarthy struck an optimistic tone. redacted or unredacted. the latest that is going to become law, if i am

Cabinet-office , Bit , Messages , Unredacted , Debate , Borisjohnson , Line , Covid-i9-inquiry , Notebooks , Government , Bill , Whatsapp

The Context

pea be the answer to deforestation in the rainforest? scientists say they've found a way to eliminate the taste of peas — so they can be used instead of soya beans in plant based products. but will consumers be convinced? but first — in the us, a deal on the country's debt ceiling took a step closer last night — clearing its first procedural hurdle, despite a revolt from hard—line conservatives. tonight it goes to a vote — a �make or break� vote on the deal. without agreement, the us would hit its borrowing limit on monday. that would mean defaulting on its $31.4 trillion dollars' worth of debt. in turn, that would mean federal and military workers would stop being paid, and the economy could fall into chaos. jordan weissman, who is washington editor of the political newsletter semafor. thank you for being with us. last night, _

Answer , Way , Scientists , Consumers , Pea , Rainforest , Deforestation , Products , Soya-beans , Taste , Hurdle , First-in

The ReidOut

issues. if he didn't do it on the debt ceiling, he was going to have to do it in september. and in september, there would be the threat of a government shutdown if they didn't reach an agreement. this agreement eliminates the debt ceiling for two years and it eliminates the possibilities of a government shutdown over budget stuff in september. so, it's just astonishing what it does. as of tonight, as of tonight, joy, the debt ceiling, the actual legislative debt ceiling of the united states of america, is rounded off to 3.4 -- $31.4 trillion. it's actually 31,381,000, 000. as of tonight, after this bill is signed, after the republicans get this bill, the debt ceiling will be nothing -- >> whatever. >> nothing. it won't exist. it will be gone. there will be none. it literally the sky is the limit. they didn't raise it. they eliminated it. they eliminated it for two full

Debt-ceiling , Government-shutdown , Agreement , Possibilities , Threat , Two , Joy , Budget-stuff , U-s- , 31-4-trillion , 1-4-trillion , 3-4

The Context

pea be the answer to deforestation in the rainforest? scientists say they've found a way to eliminate the taste of peas — so they can be used instead of soya beans in plant based products. but will consumers be convinced? but first — let's focus on that looming vote in the us. it is a �make or break� vote on the deal hammered out in last ditch talks. without agreement, the us would hit its borrowing limit on monday. that would mean defaulting on its $31.4 trillion dollars worth of debt. in turn, that would mean federal and military workers would stop being paid, and the economy could fall into chaos. well, the deal took a step closer last night — clearing it's first procedural hurdle despite a revolt from hard—line conservatives but faces its biggest test in the next few hours.

Way , Answer , Consumers , Scientists , Pea , Rainforest , Deforestation , Soya-beans , Taste , Products , Us , Deal

CBS Weekend News

crosshairs. ssia unleashes the largest wave of drone attacks on ukraine's capital on the eve of the city's founding anniversary. what's in a name? tonight we'll focus on the struggle of some in the asian community and their efforts to take back their cultural identity. murky mystery. what's turning this part of a venice canal bright green? and later, condolence call. as the nation pauses to remember our fallen, we'll tell you how one woman helped change army protocol, bringing dignity and comfort to families. >> announcer: this is the "cbs weekend news" from washington with jericka duncan. good evening and thanks for joining us on this sunday. after days of negotiations and late-night conversations to increase the country's $31.4 trillion debt limit, tonight there appears to be a bipartisan relief. the president and republican leadership now have a tentative

Some , Community , Ukraine , Efforts , Capital , What-s-in-a-name , Drone-attacks , Crosshairs , Eve , Wave , Struggle , The-city-s-founding-anniversary

CNN This Morning

enough spending. key members tweeted, no republican capitulation and hold the line. >> as for the debt ceiling, they estimate that the government could run out of money to pay all of the debts on time. the so-called x state on june 5th. one week from today. our chief correspondent live for us on capitol hill. for those just waking up on a monday morning, we may not have been following this saturday and sunday. break down the deal for us. >> yeah. look, this was a hard fought negotiation. a negotiation that the white house didn't want to have to begin w remember, president biden for about three months, more than three months, just refused to sit down with kevin mccarthy. he demanded the debt ceiling be increased. $31.4 trillion debt ceiling be increased without any conditions, without any spending cuts. twharng would avert a fiscal disaster here. he had a different approach. he demanded spending cuts, a whole slew of conditions. the white house was forced to

Republicans , Money , All , Debt-ceiling , Line , Spending , Government , Members , Debts , Capitulation , X-state-on-june-5th , June-5th