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CNN CNN This Morning June 4, 2024 11:10:00

We auctioned off debt for the u.s. government. and we paid 80 million more dollars than we would have before the debt limit impasse. the cost to the american people, the decision to create this manufactured crisis is real. we need to end it as soon as possible. if you lose a aaa credit rating that, cost goes higher. let me ask you about prioritization. what we learned after 2011 is treasury and the fed did have contingency plans. you were there then. but you put together a plan to say here is what we re going to pay. we advised agencies over what is going to happen in the case of default. are you giving guidance to agencies now if we re to default who gets paid first. i was in government in 2011. i served the treasury department for about ten years now. ....

United States , Debt Limit Impasse , 80 Million , Credit Rating , Contingency Plans , Treasury Department ,

CNN CNN This Morning June 4, 2024 11:12:00

Don t have the capability to naturally triage and decide this payment is made and that payment is not because of the way that our systems are set up. and ultimately, the only thing that we can do is what congress has done 78 other times and prevent default. the idea that we re having this conversation in the united states where we have the resources to pay our bills is something we shouldn t be doing. and ultimately, as the person who is responsible for making sure that the department runs, i can tell you that we do not i don t have any confidence that we have the ability to be able to do a type of prioritization that will mean that all seniors, all veterans, all americans get paid. final question on the 14th amendment. both the president and secretary yellen have said legally it would be very challenging to envoek e invoke at this point. but if there is no deal, will the administration attempt to invoke the 14th amendment? the 14th amendment can t solve our challenges now. ultim ....

United States , Department Runs , We Shouldn T Be Doing , 14th Amendment , Yellen Have , Envoek E ,

CNN CNN This Morning June 4, 2024 11:11:00

I m in charge of making sure we make payments and take in money. one thing you know for well is the irs that brings in 95% of our payments. the computer systems are operating on cobalt, a language that is no longer taught. they were built before the personal computer and the atm machine. because we underinvested in the irs, we re not in a position where we can make sure we can make some of our payments, not all of our payments. the systems are built to make all of our payments. and the idea of us prioritization is truly default in the name. so, are you saying there would be no prioritization? i guess i m wondering if it there is even a deal at the last minute, let s hope there is one, wouldn t treasury have to be prepared to triage for at least several days? poppy, what i m saying is we ....

I M In Charge , Computer Systems , Personal Computer , Atm Machine , Wouldn T Treasury ,

MSNBC All In With Chris Hayes June 4, 2024 00:56:00

Of the underlying bill, which is to prohibit gender affirming care for transgender youth. and i think the signing of this bill today just marks the beginning of a much, much bigger, or broader fight that we are gonna have in the state and across this country to ensure that health care, transgender individuals are protected. let me ask you this. you are up close and personal with this. and i think if you covered local politics as a reporter, and particularly looked at what is the right fixated on, it wouldn t be that surprising that these two issues, abortion bans and bans for trans care, not just for minors in some states, would be top-of-the-line. what is your understanding of this obsession, this focus, this prioritization of these two issues among your republican colleagues in your state? why? i don t have the numbers right, now they have to ....

Republican Legislature Passed A Bill , Health Care , Jeff Stein , Abortion Bans , It Wouldn T ,