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that they don't want to default. they want to avoid that, but they don't agree on how to do it. mccarthy wants to hold it at hostage in return for massive cuts on discretionary programs meaning basically everything but social security and medicare which along with defense, make up the clear bulk of the budget while president biden has been adamant that no cuts are on the table. none. so what are these guys going to talk about? and how will mitch mcconnell, chuck schumer and hakeem jefferies factor in? they will also be at that may 9th meeting. does it end an agreement to disagree unt...

Why june isst? >> june 1st is the 23i6r9 possible time and it depends on a number of factors, for example, people that have asked for taxes and year the cash karr cash is not useful to dole out and to pay and fund programs like social security. >> so if we default does it immediately take into effect that social security payments stop? do veterans benefits stop? is it just a hard freefall? this is over and no money is out of the government and no checks are being cashed? >> we've never been through this before so we don't really know. what we know is since january we've been using extroerd mea...