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at the white house for the third time to discuss the debt ceiling. this comes a little more than a week away from the treasury secretary's so-called hard deadline for default. white house correspondent jacqui heinrich starts us off live tonight from the north lawn. good evening, jacqui. >> good evening, bret. we are expected to hear something each side following this meeting which has happened after every other meeting. it is speaker mccarthy's first solo meeting with the president, after talks fell apart last week and both sides exchanged barbed over the weekend. >> treasury secreta...

Programs and the aging of our society. and so we do need reach political consensus on how to address that. those debt forecasts are certainly not going to be sustainable and not put news a strong competitive position. >> bret: we love having federal reserve officials like yourself and others on the show to kind of explain behind the scenes, lift the curtain a little bit there is a lot of people at home who say i don't understand what the fed does and how much control it has over the economy. if you are talking to somebody on the couch at home, how do you explain it to them? >> we want to manag...