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The 11th Hour With Stephanie Ruhle

>> there's a lot to cover tonight, so let's get smarter with the help of our lead off panel, so my favorites are here. pulitzer prize-winning congressional reporter from the new york times, david gurbir's news correspondent for npr, and former federal prosecutors, and legal affairs columnist for politico, breonna mariotti. jesper, you know i'm starting with you, and janet yellen. she is now saying, one month from now the u.s. is going to run out of money. why do people need to understand this, why is a so important? because basically, she looked at all the money coming in from federal taxes and realized, oh, we are going to run out a week too soon. >> first of, my seatbelts fastened. we have been through this a number of times before, we could never experienced default on u.s. debt, that is a great fear in all of this, there are so much uncertainty surrounding this, in the letter we saw from the treasury department today. yes, she's given us this estimate, that's a conservative estimate, and one thing to notice she's giving a months notice, that's the warning.

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The 11th Hour With Stephanie Ruhle

a month on capitol hill is greatly differ for the month that you are not experience, they're not a whole lot of working days left for congress to figure this out. she is making a plea in this letter for lawmakers to get their act together, to protect the credit united states. that is so critical here because we don't know what could happen at the u.s. were to fall, but we've inclusion of all the destruction that that would cause. it would affect you, it would affect me, costs would go up for people, and for businesses as well, surely. confidence would go down, and i really want to stress here is that, this is not the time you want to be messing with this, or experimenting with this, or trying to figure out what this is going to need for the u.s. economy, and it will be calmly generally. think it's rational this point in time, this talk of recession. however later in this year, why add something to the mix here that could complicate things, and make them even worse? >> confidence is key, and if we do not have it, we are in big trouble. luke, what david said or the beginning there we have been here before, we have but we have not. i am in l.a. for the conference, and the big buzz here is yes,

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The 11th Hour With Stephanie Ruhle

congress has had the standoffs, but have we ever had -- a time in congress we have a faction of the house, and i am talking about the far-right faction, who has this little of an understanding of how the economy works? because that is seemingly what's most dangerous here, as david pointed, not a full month only eight days in session left to do something. >> yeah, talking with lawmakers on the hill today, this letter really did send a shock wave through the hill. people, it was a quicker timeline than many people have been anticipating, and i think there is an increasing concern, on both sides of the aisle, about the real risk of default coming up so quickly, and the two parties are so far apart in the negotiation, they are not even in the same room. and you know, today i was talking with senators all day, and they basically feel like there was nothing the senate can do, because really,

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The 11th Hour With Stephanie Ruhle

and make them even worse? >> confidence is key, and if we do not have it, we are in big trouble. luke, what david said or the beginning there we have been here before, we have but we have not. i am in l. a. for the conference, and the big buzz here is yes, congress has had the standoffs, but have we ever had -- a time in congress we have a faction of the house, and i am talking about the far-right faction, who has this little of an understanding of how the economy works? because that is seemingly what's most dangerous here, as david pointed, not a full month only eight days in session left to do something. >> yeah, talking with lawmakers on the hill today, this letter really did send a shock wave through the hill. people, it was a quicker timeline than many people have been anticipating, and i think there is an increasing concern, on both sides of the aisle, about the real risk of default coming up so quickly, and the two parties are so far apart in the negotiation, they are not even in the same room. and you know, today i was talking with senators all day, and they basically feel like there was nothing the senate can do, because really,

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The 11th Hour With Stephanie Ruhle

committee, after a series of alarming reports involving supreme court justices -- >> lawmakers will hold a clearing on the courts efforts >> we are going forward, and i think we're gonna produce a bipartisan close ethics, highest court in the land should not have the lower standard of ethics. they better take this seriously, the integrity of the court, the reputation of the court's a statement. >> there's a lot to cover tonight, so let's get smarter with the help of our lead off panel, so my favorites are here. pulitzer prize-winning congressional reporter from the new york times, david gurbir's news correspondent for npr, and former federal prosecutors, and legal affairs columnist for politico, breonna mariotti. jesper, you know i'm starting with you, and janet yellen. she is now saying, one month from now the u.s. is going to run out of money. why do people need to understand this, why is a so important? because basically, she looked

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