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debt ceiling deal is reached. there are many moving parts. we have details on to phone calls happening as both sides iron out the details. congressman, richie torres, from new york, joins me for moments when we break down what we know. good day from msnbc world headquarters in new york, welcome to alex witt reports. i m in for alex today. we begin with breaking news. a lock happening on capitol hill this hour. white house officials and house republicans are preparing for a call any minute now. their calls between president biden and speaker kevin mccarthy. house republicans are than expected to release the full text of the debt ceiling agreement negotiated by both sides. at five p m today, democrats will get a briefing on the agreement from white house officials. here is some of what both sides say is in the deal. it raises the debt ceiling until 2025. it cuts 1.5 trillion and spending. it increases defense spending. as new work requirements for some government programs ....
good morning, everyone. it is friday! friday! i m so happy to have my long time erica hill with me today. and next week. thank you for getting up super early. great to be with you. a lot going on this friday. let s get started with five things to know for friday, may 26th. the house negotiators are moving closer to avoid a default. it would lift the debt ceiling and cap spending for two years. memorial day weekend kicking off to be a very busy travel summer. aaa expects air travel to be higher than pre-covid levels. airlines face staffing shortages and air traffic control problems. two workers in mar-a-lago moved boxes of papers one day before the fbi visited the former president s home to pick up classified documents last year. the post also reporting that he had classified documents in his office at times and showed them to others. also in texas, lawmakers recommending articles of impeachment against the state s attorney general. they re accusing ken p ....
christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had ....
We re expecting 1.2 million throughout the holiday weekend. records already been set, lindsey, just expected to be a very busy travel summer. if you re out there, don t expect to be the only one. smart. melissa, thank you. newly-disclosed reportings of donald trump in an unidentified witness will now be among the trove of evidence presented by prosecutors in new york and the hush money trial against the former president next year. the revelation come in the same day that trump made a virtual appearance in a manhattan court about a protective order barring him from speaking publicly about the evidence. joining me now is charles, the rights attorney, and msnbc legal analyst. charles, always good to see you. former trump lawyer, michael lauren, he s a key witness in this case. he released a secret audio recording of a discussion we had with trump about the hush money payments back in 2016. it s unclear if the recording refer to the court filing. do you get a sense that the corny may imp ....
Good morning, everyone. it is friday! friday! i m so happy to have my long time erica hill with me today. and next week. thank you for getting up super early. great to be with you. a lot going on this friday. let s get started with five things to know for friday, may 26th. the house negotiators are moving closer to avoid a default. it would lift the debt ceiling and cap spending for two years. memorial day weekend kicking off to be a very busy travel summer. aaa expects air travel to be higher than pre-covid levels. airlines face staffing shortages and air traffic control problems. two workers in mar-a-lago moved boxes of papers one day before the fbi visited the former president s home to pick up classified documents last ....