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default on january 1st, if a deal is not reached on the debt ceiling. the pressure weighing on president biden and house speaker kevin mccarthy ahead of their next meeting which is now just hours away. our nbc news reporters are following all of the latest developments. i want to go to first nbc's garrett haake on capitol hill ahead of the critical meeting between biden and mccarthy. we just heard from mccarthy moments ago. what did he have to say? >> reporter: this comes after negotiators from the white house had been meeting for three hours this morning. mccarthy took some question...

responsible completely. welcome to "fox fox news live," i'm eric shawn. hey, arthel. arthel: hello, everyone, i'm arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here's secretary yellen earlier today. >> what i do want to do is emphasize that the american banking system is really safe and well capitalized. it's resilient. during the financial crisis, ther...

series of concessions put forward by his opponents. that cut his margin of defeat to a handful of votes. what matters now is who shows up to vote next. senior correspondent congressional correspondent chad pergram has the very latest from capitol hill. good evening, chad. >> bret, mccarthy finally showed movement towards winning the speakership today. it came after a three days of parliamentary paralysis. mccarthy remains a few votes short but he earned the votes of 15 adversaries today. >> we'll come back tonight and i believe at that time we'll have the votes to finish this once an...

house to capitol hill with the collision of two historic and deeply connected events. the first, the ongoing crisis over the house speakership still unfolding in the house at this moment, which just voted to adjourn until 10:00 pm tonight after 13 votes took pl. and the speaker was still not elected pickett is something that has not happened in american politics in 164 years. since before the civil war. the second event, the anniversary of the january 6 insurrection. the worst attack on the united its capital in centuries. the commemoration today took place at the white house where p...

attempts to take taiwan by force. doug luzader has details. hi, doug. >> doug: this emerging trade pact is called the framework for prosperity, but other headlines are emerging and the white house had to clarify a surprising comment the president made about taiwan. >> you didn't want to get involved in the ukraine conflict militarily for obvious reasons, are you willing to get involved militarily for taiwan, if it comes to that? >> yes, that is the commitment we made. >> doug: that sounds like a major change in policy for the u.s. the white house very quickly issued this statement de...