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Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pin...

irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we're hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. >> well, it's significant because the treasury secretary is saying that as of early june, the federal government won't be able to pay its bills anymore. it's allowed by congress to borrow up to $31 trillion and change, but it's going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional mo...

And democrats come together to deal with this issue. it is one of the basic items that congress has to deal with, and it should be done without conditions. so there is going to be, there's going to be no negotiation over it. there this is something that must get done. >> it has always been bipartisan. it should remain bipartisan. no one should be able to call into question the full faith and credit of the united states. last year, the treasury secretary said that maybe it would be a good thing to abolish this debt limit all together, and karine jean-he pierre said no one is talking about that ...

Democrats who have been on top of the caucus for years now. and think about it this way, chris, speaker pelosi is iconic for so many reasons in this building, not just because she was the first female speaker of the house but for the many, many years she has been here, for many of the rank and file members of the democratic caucus, her 20 years as leader, not having her now, marks a real sea change. just changing the way that business as usual is done in this caucus, and the man who we're likely to see step into that spot at the top of the democratic rung here in congress is likely hakim jeff ...

Find someone up here on capitol hill that doesn't think that hakeem jeff ris will be the next leader of the democratic party and we should know that his ascension to that position would be historic. there has never been an african american leader of congress from either party. so that is very significant. but also, perhaps the most important kind of tea leaf to read, in terms of jeffries being the person to ascend to this position is that adam schiff from california who is a close ally of nancy pelosi, prominent for his position on the house intelligence committee and house january 6th select ...