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stephanie ruhle. speaker kevin mccarthy may hav won the battle to pass raising the debt limit, but now he i on a collision course with the urged president biden to make deal to give the u.s. from default, and economic disaster now the president can n longer put this economy in jeopardy, we - we have sent it to the senate. the majority of american overwhelmingly want us to si down and negotiate it is up to them now this afternoon, biden again insisted negotiations were out of the question. i m happy to meet with, mccarthy but not on whether or not the debt limit get extended that is not negotiable the clock is ticking, washington has until early jun to act mccarthy s bill now heads to the senate, but according to senate majority leader chuck schumer, the thing is dead o arrival. we are also following the civi rape trial involving forme president donald trump today e. jean carroll wh accused trump of sexual assaul gave explosive testimony i federal court. and we ....
Stearns in lehman brothers merrill lynch. it is what happened in march with silicon valley bank it is what is happening no with first republic bank so what does it say if th government is unwilling to intervene here, but they did i for silicon valley bank? when you think about it, yo are talking about th extraordinary measures the took in march, so right no they re letting this - essentially has failed 98% o trying to off-load some of these bad assets here and what they want to do is have, i think, it is pure banks come i and figure out what a good solution is without becoming systemic where the governmen has to start back stopping these banks, because going bac to - we don t want this to turn int something that is 2008 started happening, and you know it - and that is the fear, peopl are watching this saying i this happened to first republic, could another and another? essentially, the sort o case that there is other banks that look like first republi ....
They want to do is have, i think, it is pure banks come i and figure out what a good solution is without becoming systemic where the governmen has to start back stopping these banks, because going bac to - we don t want this to turn int something that is 2008 started happening, and you know it - and that is the fear, peopl are watching this saying i this happened to first republic, could another and another? essentially, the sort o case that there is other banks that look like first republi i think it is very differen than 2008, because the banks a the center of 2008 wer literally the left ventricle o capitalism the banks at the very heart of capitalism new topic okay, new topic i got, it we covered it do not be scared that is phil cohen s message t ....