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When you look at what the markets did last week, they almost felt like a deal was baked in. the question is going to be does one of the indexes drop a thousand points? if that happens, you can see people start to move. if not, there's that discharge position in the house that would need some republicans to come on board. there are 213 democrats on that petition expected by the end of the day and they would need that magic 218. you'd have to have some moderate republicans get very nervous that a deal is not going to get done. >> two things caught them by surprise. as you say, republican unity b...

Ultimately refused to raise the debt limit. that far-right members of his own congress are the one refusing to schedule the go, not biden. it is congress's job to raise the debt limit, not joe biden. the hostage taking of the republicans is forcing this high stake negotiation. striking the deal with the hostage takers of just one of deals available to president biden right now. as we approach the june 1st deadline and talks between the two parties have seen inconsistent at best, members of congress have offered up to other emergency options that could help the country avoid a catastrophic defa...

For the chaos caucus, as you call, them to confirm speaker mccarthy, i'm worried that if we don't have a reasonable responsible deal on the table and able to begin voting this coming week, we are going to miss this window and we are going to default. in that case we need to be prepared with an alternative. but my hope is that we will carve a deal that will get democrat and republican votes in the senate and house within the next two days. >> i just want to be clear to my viewers, there are three options, one, what you just described, getting a deal, -- groups, the lights just went out on senat...

Tonight. can you believe it? i get to talk to someone, i'm, you know through a whole lifetime and never meet someone who files a discharge position, because it's so rare. >> and the circumstances of the filing district petition were, like, the plot of a mission implausible. it is a cape, or if you will, lawrence, one that has yet to be resolved because we don't know how the drama is going to and, in the end. but it is certainly, he is the person of the hour as it concerns the financial stability of the american colin economy. >> it's going to be, at the end of the, are because we have a lot of...

The discharge position that could save the country from default on the national that. joining us now is democratic congressman brandon boyle of pennsylvania. he's the highest ranking democrat on the house budget committee. thank you very much for joining us tonight, congressman. i want to know everything. like, exactly where the discharge position? where do you go to sign? it >> yeah, it's actually a fascinating process that many ways started secretly back in january. but working with the parliamentarian and a number of the staff of the house representatives, the discharge position was prepare...