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CNN The Lead With Jake Tapper June 4, 2024 20:11:00

The bar was so low, there hadn t been anything but a staredown for several months, but the positions remain completely unchanged, which means the question of how does this end, one of the off-ramps, white house officials making clear they re the ones who can or should break, that should be republicans, as manu reported, saying they won t either. phil mattingly and manu raju, on opposite ends of capitol hill. thanks so much. a debt default will have serious consequences for you and for your family and for the u.s. economy, from possible layoffs to higher borrowing costs, even a likely recession. cnn s tom foreman takes a closer look at how bad things could get if lawmakers cannot figure out a way to avoid a default and do their jobs. reporter: air travel, transportation, mail delivery, and many others might face severe interruptions. social security checks could be cut off. thousands of federal workers ....

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CNN The Lead With Jake Tapper June 4, 2024 21:06:00

Before. everybody just knows it would be terrible, and now we realize that the calendar is shrinking at a rapid pace, and there s no clear pathway out of this. and manu, i have to say, it does seem as though the republicans have been able to stay more unified on their argument hypocritical as it may be. there should be negotiation, there should be conversation. do republicans feel like they have momentum because of that? no question about it. when we re referencing that last debt fight from 12 years ago that that point then speaker john boehner had a difficult time keeping his conference united. they tried to put past a republican only bill with a whole hodgepodge of republican priorities. that failed in the republican house, and that gave democrats significant leverage in the run up to the final outcome in that deal to raise the debt ceiling. this is different, kevin mccarthy behind the scenes ....

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CNN The Lead With Jake Tapper June 4, 2024 21:04:00

A bipartisan majority and 60 in the senate is a clean anti-default bill. i m flaberbergasted that they r treating it anything other than extortion, unquote. that s brian schatz on blue sky. that seems to be the white house position. you have nobody want thes this. it s unpopular, republicans. you can t extort us. stop. i m not going to even talk to you about it. it s their view, and i think this is a view that s been animated and informed by many of these types of battles over the course of the last dozen years, and especially that one that manu was referencing in 2011 is this is no way to run a government. this is no way to run a country where this type of catastrophic outcome is on the line as you roll up to a deadline year after year after year, and while negotiations have always been kind of par for the course over the course of these last 12 or 13 years, the calculation was ....

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CNN The Lead With Jake Tapper June 4, 2024 21:01:00

Administration officials, they ve made clear their position is the same as it has always been. the president wants a clean debt ceiling increase. there have been no negotiations on anything but a clean debt ceiling increase. republicans are in a very different place right now. the difference between right now and yesterday where those two positions stand is they have about a month to figure this out. the president has international travel, how they figure something out is still very much an open question. to remind people, this is money that has already been spent. this is not future spending. it has already been manu, does this new deadline one month from today change anything when it comes to negotiations? we haven t seen any real willingness to give on either side so far. not at the moment, jake, of course this letter just came out, but even kevin mccarthy, the speaker saying earlier today in israel that they will not do what the white house has been demanding for the past sev ....

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