Page 25 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Increased. that would mean a slew of negative repercussions for all of us. joining me now, white house economic adviser, the chairman of economic advisers. not that much snow, kevin. >> cold enough that i had to put a coat on. i feel embarrassed in front of a minnesota person dressing so warm. it's in the 30s. >> exactly. that's darn near tropical. on a more serious note, thank you for being here. on the debt ceiling issue, they have until september 30. are you expecting another protracted fight in congress over raising the debt ceiling, especially because you've got former deficit hawk nick m...

That is what rand paul is so exercised about. he is saying, this is the profligate spending in washington, d.c. we are going to add 300-$400 billion for defense and non-defense spending? there is $80 million in spending for emergency disaster relief. puerto rico, florida, texas, wildfires in california, and here we are exploiting the deficit again? that's a real problem. they had to address the debt ceiling issue soon. the congressional budget office indicated that they had to deal with it in early march or the federal government, the treasury come i might not be able to make its obligations. ...

Up, and washington hates when they play with that. of the three issues, what could have the biggest impact on the market? >> we really hate any debt ceiling issue that makes it so that the government would even seem like it could default. we had declines about a government shut down, but nothing serious, they were buying opportunities. i have to tell you, chuck, this is not a great hand he was just dealt. >> because you're saying he has to start tightening the snumber a little bit? >> yeah, and that is going to be the neilson ratings you want if you're the president. >> final question is what ...

An amazing race horse. one of the greatest winners of all time. and i wanted to give him the chance to be successful, put him in play. >> what about now? so what about now, now that he's in the white house? where he undercuts himself all the time? shouldn't he listen to advice once in a while? should he be disciplined? >> joe, he listens. what we saw a few months ago was president trump cut a deal with chuck schumer and nancy pelosi to take the debt ceiling issue and move it down to the end of the year. now we have to deal with that issue. that was a bipartisan issue which, by the way, members...

Protest, he is invoking patriotism. is there a political cost for the president in this back and forth with these athletes? >> there is a political cost because it makes it much more difficult for him to rise above that sort of 40% approval rating level that he's at, which could have political consequences down the road. but i think the president also believes that he is speaking for a large group of people who are concerned about these protests and people who do find them somewhat troubling. so he believes, i suspect, that he is on solid political ground with people who are sympathetic toward...