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CNNW Inside July 6, 2024



hello and welcome to inside politics. i m john king in washington. thank you for sharing your day with us. shaky or sound? first republic bank collapses, a weekend deal to buy it bales out uber wealthy depositors but stirs worries about the strength of the economy. plus the head of the republican national committee delivers a blunt warning to republican candidates coast to coast, ignore the abortion issue at your own expense. and entire lives packed into a single suitcase, cnn captures the desperation on the dock in port sudan. thousands hoping to leave a nation at war with itself. up first for us, first republic goes bust, the company s 84 branches are open but under a new banner, that after regulators seized it and then broke it in an emergency weekend deal to sell it off. jpmorgan chase takes over nearly all of first republic s assets. the government says all depositors are protected and that the 92 billion in first republic deposits are safe. their failure i ....

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CNN Inside Politics With John King June 4, 2024 16:47:00

Is it that they are not sitting at a table hashing it out, kevin mccarthy s deputy steve scalise says it s the president s fault. president biden is clearly trying to run out the clock and create a debt crisis. that s irresponsible. republicans at least said if the president is going to sit this one out we re not, we re going to lead. we passed a bill to address the problem. it s time for the president to get in this game, get off the sidelines and let s start negotiating and figuring this out not in june when we get to the midnight hour, but today. to isaac s point, those who follow the economy watch this town and say, really? how close are thelma and leouis going to get to the cliff. this has caused heartburn among policy members but not enough to move the negotiating window. there needs to be a more definitive exudate to get negotiations going in full. we have to have shakiness in the markets to get washington let s put pride aside and sit down and talk? this was a point tha ....

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