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it's their constitutional obligation to do that. we're talking about programs when they talk about medicare, social security, we're talking about programs that they want to take hostage that will affect taxpayers, that will affect seniors and veterans. again, it's their constitutional duty. they should do this without conditions. >> trying to address market-related chatters. jerome powell was asked about the debt ceiling. there's only one option. for congress to pass the increase. is that the crew here, there's one option, there's no off ramps to consider? congress is the only option...

who can't afford it. >> martha: the dow is up a lot on that news. in less than 24 hours, we'll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi's trip, it's a red line for them. china recognizes obviously -- china believes that taiwan is part of china, that it's not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip,...

Two per cent has been the goal of monetary policy for decades. It might be the aberration of an era, not the norm for all time, Armine Yalnizyan writes.