Page 48 - December 3rd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Simultaneously. because on december 3rd is the day government funding runs out. what we see is congress trying to deal with both problems at once in a larger compromise package. or try to take them piecemeal which is what we saw them try to do several weeks ago and deal with the crisis then the debt ceiling. and then the build back better agenda which is the quartet of crises that we've been dealing with on capitol hill for months now. >> i want to talk about the infrastructure. "the new york times" describing this moment for president biden. the wide range of americans who put their faith in ...

That's why they've been so active here, telling me that they negotiate with progressives and moderates to map out what that price tag is but more importantly what they're able to do with that money. they say it will be transformative. they know this is the way the legislative process works. they compare this to the last four years where they never were even in range of an infrastructure bill which they feel strongly they will get passed here. to give a sense of the president's plan, first that relates to the debt ceiling the house presumably passing that sometime day. that extends the date to ...

Transformative agenda for the children. as you know, we're back today to do the debt ceiling. this will go until nearly $500 billion until december 3rd. in the meantime we'll be working to try to have bipartisanship, as we always have had on that legislation. let me just say some of the things that could happen if we do not achieve that. if we don't lift the ceiling, it could be a loss of 6 million jobs, $15 trillion in household wealth and drastically increase the cost of car loans, mortgages, student loans, credit cards. domestically -- i mean at the

Alexander ke white house. ali, we got congress raising the debt ceiling just in time. what are members there doing to make sure we don't have yet another close call in six weeks or so? >> reporter: well, look, first, they were called back, we expect a vote later this afternoon. that will be not be a vote explicitly on raising the debt ceiling. it's what's called the pass. and time is of the essence here. what this does, though in the same way that the senate did last week, officially kick the can down the road here. there are some other estimates floating around here that maybe december 3rd is...

Raising the debt ceiling, at least until december. the bill passed in the senate late last week. with more on this, i'm joined by ali vitali, nbc news correspondent, capitol hill. ali, it's great to see you. should we expect any last-minute roadblocks before this bill finally makes it to the president's desk? >> i never say never, but we're not expecting any road blocks on this one. the house coming back from recess. they're going to be back on recess after they do this vote. but to finish the work that the senate finally did last week, coming together to push the debt ceiling crisis further d...