Debt Ceiling Authority News Today : Breaking News, Live Updates & Top Stories | Vimarsana

♪ you're live in the cnn newsroom. i'm jim acosta in atlanta. we're less than 40 minutes to the launch of axiom two. it's the second mission to the international space station. on board is a former space station commander who has spent more time in space than any other american along with a pilot and two mission specialists from saudi arabia. we'll bring you that launch live in about a half an hour. and negotiations will resume over the debt crisis. they will set the stakge for a high-stakes meeting tomorrow. the president is flying home from the g-7 summit in japan. here's wha...

its that limit, house speaker kevin mccarthy and republican congress, they are risking your economic statement that stability, all before spending cuts even though this has nothing to do with news spending. president, biden he is not negotiating on this. so, what happens now? and the president says he has no regrets when it comes to the handling of documents found in a delaware home because he is cooperating fully with the justice department. critics say he is giving too many questions unanswered. we will get into why it is consistent with president biden's approach to the department...

Ceiling agreement? >> you know, here's the part that i don't understand where speaker mccarthy is coming from. the reality is, any sort of of compromise deal, let's face it, the majority of votes to pass this in the house is going to come from the democratic side. so we can't have a deal that is so weighted toward republican priorities on policy and yet when it comes to the votes, it's the house democrats who are expected to do the heavy lifting. that frankly is just not going to happen, period. >> and over the last couple years you've talked about legislation in the past to abolish the debt c...

Legislation that would actually transfer the debt ceiling authority to the treasury rather than congress. section four of the 14th amendment says that the validity of the public debt of the united states shall not be questioned. so sir, do you believe that there is a constitutional mandate not to lead the debt limit to a congressional vote? >> well first, it is great being on the show simone. you know the reason why i introduced that legislation will be reintroducing it shortly this congress is because this that selling this function which seems to arise every time there's a democratic preside...