Borrowing Ability News Today : Breaking News, Live Updates & Top Stories | Vimarsana

we're going to bring you those comments as soon as it begins. today at the white house, another high stakes showdown over the debt ceiling to avoid a default with major economic consequences, the latest of where negotiations stand. russia is declaring victory in the longest and bloodiest fight in ukraine. is this a turning point of the invasion? in idaho, next hour the suspect in the killing of four college students will make a court appearance. we'll bring you a preview of what to expect. and making history. a flight carrying paying customers to the international space stati...

Those higher interest costs over the medium and longer term could result in billions and billions of dollars in terms of a drag on the u.s. economy, and those drags could last well into the future because, let's be honest, this is all going to happen again the next time there's a debt ceiling issue and along a similar vein, all of that could come into play for better or worse. the way that america's current budget and appropriations process is set up, these are the types of battles that pop up. each time we run into a so-called cliff situation, fiscal, debt ceiling or otherwise, the brinksman ...

Norah. >> o'donnell: mireya villarreal, thank you. well, tonight, senate leaders have an agreement to extend the government's borrowing ability. that means the u.s. won't default on its debts, which would have plunged the country into an economic catastrophe. but it is only a tra fix. the extension lasts until early december, when we could be right back where we started. tonight, a senate report contains alarming new details on the extraordinary effort by then-president trump to pressure the justice department to overturn his election defeat. it took an oval office showdown to stop it. cbs' kr...

>> it's not my fault! don't blame it on me. >> i'm just saying, it could be you. the debt ceiling crisis that contributed to the government shutdown back in october, remember that? back on the front burner. treasury secretary jack lew today will appeal to a bipartisan group for congress to extend the nation's borrowing ability so the government can pay its bills. the nation's borrowing limit expires on friday! in case you didn't have that circled on your calendar. cash reserves to pay our bills could run out by the end of the month. good morning. so, we have that to look forward to. we'll hear...

Nerd. i love this stuff. this is terrific. so, in 1862, to finance the civil war, we came up with what was called the green back. and that was the first time we really had the dollar. so it doesn't really -- how can each state have a currency? the one good thing about it would be states can't print money. and thomas jefferson, the virginian said if there were anything he could add to the constitution it would be to take away the borrowing ability of the federal government, how press yent was that? >> only congress can print money. it's in the constitution. >> >> you have a big n on your chest ...