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They customize your car insurance so you only pay for what you need! [sfx: limu squawks] whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> neil: republicans might be delighted that they got it through the house, to address the debt issue and address spending cuts and start octobering on it. the trouble is in the senate, it's dead on a arrival. let's get the latest from aishah hasnie following the back and forth. hey, aishah. >> it is absolutely dead on arrival. chuck schumer just spoke on the senate floor a short while ago vowing not to bring t...

Default. reputationally, in terms of america's word for our citizens losing even briefly access to social security benefits, higher interest rates through time, being kind of an embarrassment. china has never defaulted. other countries we compete with have never defaulted so this is something we have to avoid, and we just have to rely on fear to do the work of reason and our officials to come forward on some formula in which we do not let the credit worthiness of the united states be taken hostage by anyone for any reason. >> yeah. >> and at the same time, there is some serious demonstration t...

So where are you on the notion of how to sit down with the president and what the parameters are of those negotiations >> well, first off, the white house, since this congress began, has had no ideas whatsoever, except jacking up taxes and spending even more money for a country that is in trouble financially. we've got to get this right, dana. and the schumer senate, they have no ideas either. it's just repeated rhetoric. so to say it's dead on arrival in the senate, when you've got even joe manchin suggesting support for this type of an approach, i think that's not exactly accurate. we've got...

House speaker kevin mccarthy managed to pull together the fractious republican caucus. the bill is doa in the senate where the democrats are in control. mccarthy is still considering this passage a win in his pending debt negotiations with the white house. joining me now is nbc news senior capitol hill correspondent garrett haake. so factor in senate republicans and what this means for the leverage that mccarthy will have with president biden >> katy, the lever raage in they you set up the segment the white house says they aren't going to engage in negotiations with mccarthy, but what he can d...

BEIJING, April 10 (Xinhua) -- China is not the source of African countries debt trap, but a partner to help them and other developing countries to escape the po