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MSNBCW The July 6, 2024

the l or barista coffee and espresso system. a masterpiece in taste it s opium in washington. there is still no deal to raise the debt ceiling, and at this hour, house republicans are holding a wig meeting to discuss what the process will be over the next few days, if in fact a deal is reached. president biden told reporters today that he is optimistic that a deal can be finalized tonight. with regard to the debt limit, i think they re looking good, very optimistic. i hope we will have some cool or evidence tonight before the clock ticks 12, that we have a deal. but it s very close. and i am optimistic. i am hopeful we will know by tonight whether we re going to be able to have a deal. all right, so settle in. this might be a long night for us. white house and house republican negotiators and look closer to a deal in the last 24 hours as we reported last night. this morning republican house speaker kevin mccarthy had this to say. i thought we made progre ....

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MSNBCW The July 6, 2024

that a deal can be finalized tonight. with regard to the debt limit, i think they re looking good, very optimistic. i hope we will have some cool or evidence tonight before the clock ticks 12, that we have a deal. but it s very close. and i am optimistic. i am hopeful we will know by tonight whether we re going to be able to have a deal. all right, so settle in. this might be a long night for us. white house and house republican negotiators and look closer to a deal in the last 24 hours as we reported last night. this morning republican house speaker kevin mccarthy had this to say. i thought we made progress yesterday. i want to be progress again today, and i want to be able to solve this problem. now speaker mccarthy has been given more time to solve this problem. treasury secretary janet yellen said today the protected debt ceiling deadline is now june 5th. in a letter to congressional leaders, secretary yellen wrote, during the week of june 5th, treasury is s ....

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MSNBCW The July 6, 2024

even a brief default would cause the country half 1 million jobs, according to the council. if there is no default, dragging negotiations out until the last minute could cause 200,000 jobs. some argue president biden could act unilaterally by provoking a provision and the 13th amendment. other question the legality of such a move. in the exclusive interview with stephanie ruhle, the president didn t take the option off the table. i am not there yet, and here s the deal. i think that, first of all, this is not your father s republican party. this is a different group. and i think that we have to make it clear to the american people, that i m prepared to negotiate in detail with their budget. how much are going to spend, how much you re going to tax, where can we cut. for example, in the first years of my administration i cut the death by 1.7 trillion dollars. 1.7, more than anyone s done in history. their budget goes in and, there is no possible that they can pass thei ....

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MSNBC The Last Word With Lawrence ODonnell June 4, 2024 04:06:00

Join us now is more exam, each of economist for moody s analytic s. mark, you re one of the few people who understands this with remarkable granularity because you work for a firm that, a different part of the firm actually gives people their credit ratings. when we came close to this, during the obama administration, we didn t default on the debt because we never done that deliberately. when we came close, it affected the credit rating of the united states. not that hard for people to understand what happens when you affect the credit rating of the united states, and that may not wait until june 5th. that could happen at any minute now. well, good to be with you, yeah, you bring up a good point. back in 2011 the s&p had another significant rating agency downgraded below aaa and of course given the storm and drying the drama and potential for downgraded is a lot higher than ordinarily would be the case but i do think it s important that the moody s railing their methodology methodolo ....

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MSNBC The Last Word With Lawrence ODonnell June 4, 2024 00:06:00

So even people who hate democracy and hate our politics and hate our leaders, people who hate our way of life, guess what? they all by u.s. treasury bonds because they know they will be paid back because we have always paid our bills. always. it is not the right of any elected politician to decide to break the full faith in credit in the united states. hopefully saturday will prevail. the current reporting makes it seem like it might, but this is the chaos caucus. you can never really be sure how it s going to end until it ends. some random elected politician could tried to torch the whole thing for the 15 minutes of fame or adulation from donald trump. but in the end that will be the only thing worth celebrating in this whole selves to beating debacle if the chaos caucus loses. join us now is more exam, each of economist for moody s analytic s. mark, you re one of the few people who understands this with remarkable granularity because you work for a firm that, a different part of the ....

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