Page 45 - May 9th News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Republicans in the house say they will only do it if the spending cuts are attached and there are only eight days, eight days that the house and senate will be in session at the same time. so if congress does not act, yellen is warning of widespread economic catastrophe. we have talked about some of those, these are some of the risks of these things happening. the debt ceiling not being, raise social security checks don't go out, veteran payments don't go, out federal employees paychecks don't go out, that's just the beginning and the tip of the iceberg. money is also warning that defaulting o...

Out quickly, this is american living standards that will be smaller. i'll say that again. american living standards will go back in time if they can't figure this out. >> the thing is now they're saying next week, may 9th, a week from today we will go and sit down and meet but they haven't started having these discussions about what this is looking like. seems like that letter from yellen hardened everyone's positions. if you have a home loan, what will that do? >> higher rates across the board. we have already had higher rates. but the cost to borrow would get more expensive because of this t...

Thing that congress does and indeed, the speaker himself voted three times during the prior administration to raise the debt limit without any conditions. that has been the president's focus. it's what he's been asking congress to do. it is their constitutional responsibility to make this happen. >> i hear that, how serious are the conversations about using the 14th amendment? >> well, certainly, people here are getting up each and every day very concerned about the economic implications of not dealing with this potential economic crisis and not lifting the debt ceiling and the president has d...

Comes to the congressional negotiations. house is off this week, and it haas a limited amount of working days on the calendar. same story for the senate. democrats are also insisting of a, quote, clean debt limit, as the president eluded to. a debt limit increase with no conditions at all, while republicans are calling for spending cuts and passing a bill with $4.8 trillion in deficit savings over the next decades. the credit of the united states potentially becoming a political football. the president calling lawmakers to the white house on may 9th, one week from today, to hammer out the deal...

Of talk from the president of the united states. negotiating with the other side is hostage taking part on their side. that's his job. he represents an entire nation. even the people who didn't vote for him. somebody tell him. hours later he invited the top four leaders in congress for a white house sit-down on may 9th. speaker mccarthy says he has accepted. republicans have laid out their plan, as i mentioned, and pass the house bill to rein in rampant federal spending and lift the debt limit. schumer has no plans to bring it to the floor for a vote. jason. >> yeah, mr. president, it's so urg...