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Calls quote extraordinary measures to avoid defaulting on our debt. Which looks a lot more likely now that the most conservative wing of the Republican Party seems to have a Tightening Vice around speaker Kevin Mccarthy. If they can keep the government open, the Republican Party is gearing up for a series of investigations into President Biden. What they Just Announced a couple of moments ago, in a second. One of the investigations, the president himself, all about handdelivered to them, wrapped in a shiny bow, the white house is facing hard questions about why it was not more transparent abou...

Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pin...

calls quote extraordinary measures to avoid defaulting on our debt. which looks a lot more likely now that the most conservative wing of the republican party seems to have a tightening vice around speaker kevin mccarthy. if they can keep the government open, the republican party is gearing up for a series of investigations into president biden. what they just announced a couple of moments ago, in a second. one of the investigations, the president himself, all about hand-delivered to them, wrapped in a shiny bow, the white house is facing hard questions about why it was not more trans...

irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we're hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. >> well, it's significant because the treasury secretary is saying that as of early june, the federal government won't be able to pay its bills anymore. it's allowed by congress to borrow up to $31 trillion and change, but it's going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional mo...

Developments on several fronts as we're coming on the air, a sign of an economic warning, the new formal investigation on the hill, and the deadly weather across the south. right now, we've got the treasury secretary sending dc scrambling, warning this afternoon that congress has to raise the debt ceiling by thursday. like six days from now. otherwise, there could be some real consequences. we have our team standing by live with more on that. also this mour, republicans now launching an investigation into president biden's handling of classified documents. the white house press secretary is ...