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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 until this fall? in other words, a short-term deal to avoid collapse? because that is what economists are worried about, a default that will send the markets into a freefall, add rocket fuel to inflation, slash millions of jobs, cut off social security payments and veterans benefits and drag the u.s. economy into an ugly and potentially prolonged recession. no one wants that. joining me now is ....
severe road damage as well. the california national guard is now on the scene in santa cruz to support emergency services. for some residents, the rising water is simply too much. we can t live like this. how do you live like this? how do i have my kids here? how do i have my elderly mother live here where i carry her out of the house? cnn s mike valerio and cnn meteorologist brit rits are tracking the latest. reporter: this is the heart of the flood rescue response effort. if you look around us, the area is inundated. as you mentioned at the top of the show, it is flooded because we have this levy upstream that failed around midnight local time, so as the front quickly comes through, that water is dumped around us. what we ve been seeing since we moved positions from the berry farm we talked to you last time until now, national guard troops have been coming up and down the central drag for several hours now rescuing people. you can just see the extent of the wate ....
so we start in the us, where, as you ve been hearing, the world s biggest entertainment company, walt disney, is axing 7000 jobs as part of a cost cutting drive. it comes as the company revealed the first fall in subscribers to its streaming service, disney+, since it was launched more than three years ago. veteran ceo bob iger has returned to run the company again after its shares lost almost half their value last year, as michelle fleury reports from new york. this is ceo bob iger s first set of results since returning to the company in november, attempting to revive the storied brand and cement his legacy, he said disney was embarking on a significant transformation, putting creativity at the heart of everything it does, while announcing the elimination of 7000 jobs as it seeks to trim costs by $5.5 billion. his comments point to the future, but results showed the mouse house performed better across a number of areas in the last months, compared to the dismal showing ....
mississippi, where he ll visit rolling fork. that s 1,200 miles from the courtroom where president trump is expected to be arraigned early next week. according to district attorney alvin bragg s office, we contacted mr. trump s attorney to coordinate his is your repbder to the manhattan da s house on supreme court indictment which remains under seal. details will be provided when the arraignment date is selected. since it is under seal, we do not know the exact charges. bragg has been investigating for alleged payments being made leading up to the 2016 election including $130,000 for stormy daniels. the president has denied any wrongdoing and has responded with outrage writing within a lengthy response, quote, this is political persecution and election interference at the highest level in history. he also called da alvin bragg a disgrace writing he s doing joe biden s dirty work and the american people realize what the radical left democrats are doing here. trump s atto ....
killing people. we all right. better than you last week.ve g all right.ot t i got to go. see you . i think next week or the weekend. aft the week after. we ll see you then. we can see you there.. thanks.ingrah i m laura ingram .amis this is ingram angle fro ims ti washington tonight. thanks for spending time with us. finishing off america. that s the focus for sharing ofs angle. now, we thought we d reach across the aisle tonight and try our hand at jazzing up s biden s 2020 four pitcheds thin the voters. now first i was thinkingking the the man neededs a cas a campaigt song, doesn t he?e? one that reflects the energyon that he brings to the job every. day. i don t need your rocking chair. it s written for you . medicare got me on my back . this haired man. thin the fight. no, not at all. all right. all second, president biden needsn a message that promotes hisag stellar commitment to growth and prosperity. the reason i m runningme againsnt to grow son i m t a jo ....