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They're threatening to use the power -- their power to prevent us from doing our job. saving the economy from a catastrophic event. i think quite frankly it's hypocritical, dangerous and disgraceful. as soon as this week, your savings and your pocketbook could be directly impacted by this republican stunt. it's as simple as that. >> in a letter to president biden monday, senate minority leader mitch mcconnell reiterated republicans will not help raise the debt limit and democrats will have to do it on their own. cnn's jasmin wright live in washington with more. jasmin, how likely is it democra...

Agenda. christine? >> a lot going on there. jasmin, thank you so much. nice to see you this morning. time for three questions in three minutes. historian and professor at princeton university, julian, so nice to see you. the debt ceiling that's been raised 49 times under republican presidents, 27 times under democrat presidents. how do they get it done, then? >> well, the path mcconnell is pushing, reconciliation, might be the only option. it's hard to imagine that coming out of a pandemic we'd be in the situation where the republicans are threatening financial default and economic chaos. ri...

Progressives can get behind it and vote for the bipartisan infrastructure package. but the bottom line here is everything is up in the air right now. but we'll get a sense of what happens as these lawmakers arrive later today. >> all right, daniela diaz, thank you so much for that. so, what is the white house saying about all of this? let's bring in cnn's white house reporter jasmin wright. jasmin, good morning. so, help me out here. where does the white house come down on what the progressives have done here? in some respects you could say they're trying to get the president's agenda passed...

And so we will need some additional time to finish the work starting tomorrow morning first thing. but make no mistake about this. after the setback, the president's agenda definitely hangs in the balance, as you just said, laura. and so the question is, what comes next? because, right, there is really kind of this inability to bridge the gap right now as the president said. they are saying he is going to go forward. the work is going to continue, but it is a real question of what comes next for the president, for the white house, as he tries to mitigate really the differences in the next week...

2.4 or 2.1 or nothing, take it or leave it. and the progressives in their calculation are going to take it, and that will be the second part of biden's agenda. then they'll pass the infrastructure bill. >> the progressives feel like they've already compromised. they've come down from 6 or 7. they feel 1.5 is not beginning to negotiate. the progressives -- >> it's still a lot of money. >> a huge amount of money. they say this is about the president's agenda. listen. >> this is all part of the build back better agenda, which is the president's agenda. and so we've got the president's back here. ...