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Burning through cash at the treasury like drunk een sailors. the treasury has no idea what's happening in his own joint. in the trump administration, they burned through $294 billion in cash. they started with $382 billion. it's down to $88 billion and dropping by the day. the rate they lost cash year between march and early june, they will be out of cash by memorial day. there's no reason to believe that will be any different this year -- >> neil: raise the debt ceiling. >> there's no pathway to a majority in the congress that soon. they have declared war on the democrats. i guess they deserv...

Down -- >> no. there's no down. the first quarter gdp is coming in at 1%. i mean, this whole lit flurry of, you know, bullish and enthusiasm in the stock market is meaningless once it's clear the tax cuts wouldn't happen and this debt ceiling crisis is going to take down the whole system. why did they allow $294 billion of cash to be burned up? i want to tell you something really important. only $237 billion of that was to covered the inherited deficit that you can't blame trump for. but he used $57 billion in cash to lower the debt ceiling. >> neil: i shouldn't have put the cardinal in here i...

We do. we have talked to the chinese about these issues for a very long time and nothing seems to get better. so we need to start imposing some costs. >> publicly even with the hacking, the government is sort of -- the administration is very careful, tiptoeing around. but your suggestion is something different. >> yeah. first of all, the chinese economy is reeling. you have growth in the very low single digits, it's plunging. you have money gushing out of the country. $135 billion a year -- a month, according to a leading chinese data provider. you have a currency that's falling. the stock mar...

>> all right, cnn's anna coren reporting there from hong kong. we'll have more on this a little later in the program with a guest from greenpeace to explain some of the concerns a little deeper. let's check some other news now. reuters is reporting that after 23 hours of marathon talks, greek negotiators have reached a deal with international credit force. the multibillion dollar bailout keeps greece in the eurozone and avert bankruptcy. greece needs $94 billion to stave off a total financial meltdown. greece's finance minister says there are a few minor issues left to be worked out. swedi...

It's not like it's a business where they have to hire honest and good people in order to function. they just didn't want to fire their buddies. >> i think president obama should push him out or fire him. and i also blame congress. their job is for oversight and they hold hearing after hearing and nothing gets done. >> and it's interesting that the irs response to this was that, look, we'll be more transparent, but we want the commissioner to still have discretion in these cases. and that's really not what the public wants to hear. >> it's not working. >> did disgraceful. anyway panel, listen t...