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CNNW The July 6, 2024

administration officials, they ve made clear their position is the same as it has always been. the president wants a clean debt ceiling increase. there have been no negotiations on anything but a clean debt ceiling increase. republicans are in a very different place right now. the difference between right now and yesterday where those two positions stand is they have about a month to figure this out. the president has international travel, how they figure something out is still very much an open question. to remind people, this is money that has already been spent. this is not future spending. it has already been manu, does this new deadline one month from today change anything when it comes to negotiations? we haven t seen any real willingness to give on either side so far. not at the moment, jake, of course this letter just came out, but even kevin mccarthy, the speaker saying earlier today in israel that they will not do what the white house has been demanding ....

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CNN The Lead With Jake Tapper June 4, 2024 21:08:00

Dad and baby vera watching at home? it s widespread on a macro and a micro level, at least based on economic analysis from private sector firms. again, we ve never seen this play out before. the immediate impact most certainly would be a spike in interest rates f. it would almost certain be a recession, that would mean significant job losses as well coming at the same time. most importantly from a person to person family and household perspective, you would see your consumer products, anything that you have the interest rate would start to spike on that as well. you re owing more money on credit cards, owing more money on wherever you re borrowing, and that would have a significant impact. and then you add job losses to that. you add a tightening of credit to that as well. i think there s just a kind of snowballing macro effect here where i don t think you can necessarily quantify it because it s tough to kind of get your head around. i think more broadly as well, if you pull it back ....

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