Page 7 - Debt Ceiling Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> congressman, what's your preferred outcome for the debt ceiling problem and what's the most likely outcome? >> the most likely i think is we're going to end up raising it. i think flirting with the debt limit. this is something people need to remember. i was around in 20 -- i guess 2011 the last time we were flirting with it. the stock market dropped significantly right as we approached it. we didn't even touch the debt limit. you don't screw around with this. this is paying your credit card bill, not adding more bills. i think it will be a clean debt limit increase. i think it will happen....

But anyhow that's how we stand with the wall. then he's trying to make an enemy out of mcconnell and ryan, trying to distance himself from them. if things go south this fall if either there's a debt ceiling problem or the budget doesn't pass, or the wall funding is not there, or tax reform blows up, all of these potential failures trump wants to be as far away from that bomb as he can and be able to go around the country and say, it's your fault, paul ryan, it's your fault mitch mcconnell, you weren't able to get my agenda passed. >> robert costa, you're as well sourced as anybody inside the h...

Very poor prospects of ever being paid back. we took -- . >> tucker: tell me the time line here though. when is this going to happen? 100 years from now? 200 years from now? >> no, i think it'll be happening in the next few months. what happened in the fall was that the treasury built up a kind of a war chest of about $400 billion and the idea was that that would be available for hillary clinton, president hillary clinton to use to get through the debt ceiling problem. and they managed to burn through about $90 billion a month since then. and there's about -- there's less than $100 billion lef...

Can't really generate a whole lot of new debt because it has very poor prospects of ever being paid back. >> tucker: tell me the timeline here. when will this happen? 100 years from now? >> i think it will be happening in the next few months. what happened in the fall was of the treasury built up a kind of war chest of about $400 billion and the idea was that would be available for hillary clinton, president hillary clinton to use to get through the debt ceiling problem. they managed to burn through about $90 billion a month since then. there's about, less than $100 billion left in the treasur...

Common which is when the inevitable happen prepare for it and let it. i agree they may have stage crafted a little to get something more out of it but this was going to happen. republicans have a unified strategy which is make this election about the affordable care act and they had to get this monkey off their back and i think the two leaders took risks because, again, they knew this was inevitable and it was bad for the republican party to have an extended fight against the debt ceiling problem. >> listen to what the "wall street journal" editorial board said calling it the minority maker. t...