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a cliff if the debt limit isn't raised soon. coming up, we'll explain how a budget matter has become the latest flash point between the white house and republicans and how it could hit home for many americans. plus fighting between israel and palestinian ienters a fifth day. how the violence is taking a toll on civilians. i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ finally we can eat. ♪ younow you make me wanna...♪
who unite the united states government to pay them on a regular basis. >> one of the things that republicans have mentioned, the disco, around but also back in 2011 when we went through this for the first time in a real serious way, it is, oh, don't worry, we can prioritize the payments. there is a bill out on the hill that would require treasury to prioritize payments if the debt limit isn't raised. is that realistic? >> prioritization is defaults by another name, jonathan. what it means is that you would pay some people, and not other people. that would be the first time in the history of the united states where we haven't done. that congress needs to do today is raise the debt limit, which they've done 80 times since 1960, and three times in the last administration, without having to negotiate. if we don't do that, we had to put a place where not only financial markets could be, hurt but real lives of americans could be hurt. you outlined the data yourself earlier in the segment, but today we're creating jobs in the united states, 200,000 jobs last month. the economy is growing,
follows are at the moment, they are looking down. despite ease in inflation, consumer confidence continues to waiver. crumber confidence index dipped last month from december. the survey by the business think tank found consumers are feeling more confident about the can economic conditions but the confidence wanes when looking ahead to the next six months. and the u.s. president and kevin mccarthy will meet today for the first time since kevin mccarthy took over as house speaker to discuss the national debt. it soared to more than $31 trillion and if that debt limit isn't raised, the u.s. will be in danger of default. joe biden has been warning republicans not to use the debt ceiling as leverage to negotiate spending cuts, but it seems that is exactly what they intend to do. phil mattingly has this report from the white house. >> rarely is there a meeting with higher stakes and yet such
the u.s. officially hit its borrowing limit yesterday. the department says these measures will likely last until the 5th of june. but if a debt limit isn't increased or suspended, the u.s. could fail to meet financial obligations for the first time this history and that could potentially be devastating to the economy. many republicans have said they will not vote to increase a debt ceiling unless there are spending cuts democrats in the white house say is a nonstarter. with us now is jared bernstine, the council of advisers. it's great to see you. i thank you for being with us. why won't the white house initiate some conversations over the debt limit? >> first of all, let's be clear that this the president, who has a very strong record on definite sut reduction, $1.7 trillion deficit reduction in his term so far, has shown consistent willingness and ability negotiate with the other side on
calamity. because the us has never defaulted on debts, economists aren't sure what the economic fallout could be stopping it could trigger a recession, funding for certain state programmes could be faulted if the debt limit isn't raised. the head ofjpmorgan, said his bank was preparing for the worst, calling not raising the worst, calling not raising the debt limit a potentially catastrophic event. transport accounts for more than a quarter of greenhouse gas emissions in the uk but while electric cars are beginning to find favour with consumers, trucks are still overwhelmingly run on diesel and they contribute more than a third of c02 contribute more than a third of co2 emissions on our road. but that could change if a new start—up has its way. speak to asher bennett, launching the
in washington and continue negotiations with lawmakers in his own party. earlier today he sat down with senators, say it with us, joe manchin and kyrsten sinema who say the effort to expand social programs is too expensive for them. meanwhile, nancy pelosi plans to hold a vote thursday on the $1 trillion infrastructure bill, even though liberal memories of her caucus are threatening to vote against it. democrats are also trying to stop the shutdown of the government thursday night while keeping the u.s. into going into default. janet yellen told lawmakers today the government will essentially run out of money october 18 if the federal debt limit isn't raised. with all of that, let's bring in our starting le on this tuesday night. eugene daniels, white house correspondent for politico and coauthor of the politico
these are bills coming due, debts that have already been incurred. and if the debt limit isn't raised, we're talking about social security payments that don't get paid, medicare reimbursement, bills to government contractors that don't get paid. a whole slew of things that certainly sounded like in that interview carson didn't grasp that concept. ashleigh? >> well, we will certainly have further opportunities to ask him that. as i said, wolf will have him live on the program at the top of the hour. athena jones, thank you. appreciate that. good work. and on a related note, one of ben carson's most prominent and powerful supporters is now apologizing for one very supportive tweet. it was rupert murdoch, the super wealthy, staunchly conservative media mogul, who tweeted out ben and candy carson, terrific. what about a real black president who can properly address the racial divide? and much else. well, that came late last night
republican senators are now pushing for sanctions on iran to be increased. joining me now, former secretary of state for public affairs and a fellow at george washington universities institute for public diplomacy and public communication. i said that in one breath. >> that's a lot. >> the iranians called the talks good and constructive. the white house found the ir iranian presentation useful. >> it was good but going forward the pub stance is difficult and the politics is also difficult. so a very good first step. certainly four years ago in the aftermath of disputed election of iran, there was paralysis by the iranian government. they couldn't focus four years ago. they're clearly focused now but there's lots of difficulties going forward. >> so the white house isn't denying this new york times article. the plan is speculative at this point. what do you think of unfreezing
to make a deal and reach across the aisle and get things done for fub lick and he-- for the p yet here he is brokering a deal to make sure that the debt limit isn't reached. that will be helpful to him in the campaign. >> certainly more problems for the governments affordable care act website there. cost is soaring and it's taken down overnight and weekends for maintenance. the house scheduled a hearing next week on the matter. what's the latest the white house is saying about all this? >> the white house says it is committed to fixing these problems. obviously the obama administration knows that the stakes are very high because this is president obama's chief domestic achievement. if it doesn't work that's a major failure for his legacy. these websites have been astonishing and very disappointing to supporters of president obama's health care law. i was trying to create an account and buy health
at all. but there are clearly problems with obama care and guess what? those big glitches are not addressed in the senate's deal, potential deal to reopen the government, but let's move on from that for now. the senate might or might not pass a bill that funds the government through january 15th and extends the debt limit until february 7th. in other words, at best this is a temporary fix and aren't you sick of hearing that? so is david walker, former comptroller general for the united states or put more simply he was the nation's top independent account under president clinton and supported mitt romney in the last election. welcome, david. >> good to be with you, carol. >> so you kept the books for the government? >> no, no, i didn't keep the books for the government. i was not responsible for this accounting because it's atrocious, i can tell you. >> i totally get while you're explaining more carefully. so it astounds me the number of people who don't believe anything will happen if the debt limit isn't raised.