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Transcripts for MSNBC Alex Wagner Tonight 20240604 08:39:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Republican demands, a set of deeply, deeply unpopular cuts. or, financial calamity. democrats, by contrast, want just one thing here. release the hostage. let the nation pay the bill that it already racked up during both the trump and biden presidencies. today, president biden officially canceled partisan overseas trip this week in order to deal with this. he has also dispatched two of his top aides to negotiate directly with aids to speaker mccarthy and to figure out an end to this crisis. but what exactly does that mean? after all, the white house has said for months now, we will not negotiate over the debt ceiling. and yet, democratic leaders are now saying that the only way out of this crisis is an agreement with bipartisan support in both houses of congress. which sounds a lot like negotiations over the debt ceiling. if that is the case, how does ....
Of time. panic about that deadline, it does not seem to have set in yet strangely, not in washington, not on wall street where the markets remain relatively ho-hum, and definitely not in the pages of certain newspapers where this approaching catastrophe is being treated sort of like it s business as usual. here s a quotes from the op-ed pages of the new york times this week. house republicans ainsistence on negotiations and compromise is not hostage taking, it is the ordinary stuff of, politics. the two sides can posture all they want, but in the end congress and the president have to reach an agreement. that is not a bad thing, it is a good thing. okay, yes, the paper of record published those words in its opinion section. this is not being imported as a partial analysis. it is someone s opinion. but whether or not republicans are taking the country hostage here really isn tnt a matter of ....
It is really coming up, really around the corner. there was some hope the debt ceiling deadline couldth be pusd off through financial hocus-pocus, but no such luck. today treasury secretary janet yellen confirmed that, yep, june 1st or we all go over the cliff. and yes, today is may 16th. and if you re the type of person who likes to do math in your head, you may look at those two dates and say to yourself, oh, my gosh, congress only has 16 days tos get this all sorted o, but you would be wrong because these are the days that the house is actually in session this month, and these are the days that the senate is in session thise month, which mea unless that change is some time soon, unless someone calls an audible on those congressional recesses, well then the house is senate have somewhere between six to sevenav working days to hammer this all out. so six or seven days, not a ton ....
Days for congress to actually get something done on this. i know the white house has been firm in its stance we cannot the u.s. economy cannot default. is kevin mccarthy signaling that he too believes the u.s. economy cannot default? and if not, how doia get him to do that in the next five or six working days in. we think this was a protective meeting today that headed towards a recognition for it leaders default is simply not an option, and now negotiations on the hill around a budget framework have been accelerated. the president introduced his budget on march 9th i remember, so we brought9t that to the tab. the republicans passed theirs in late april, and so we have had a window toha get this budget negotiation off the ground. the negotiators the president sent to the hill, they started those conversations this evening. they re happening in earnest. i think there s more working days in a week that typical right now because we need to gen this done because of the catastrophic imp ....