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washington where things stand with our chad pergram. hi, chad. >> neil, good afternoon. the house freedom caucus just took a formal position in the debt ceiling debate. it endorses the bill passed by the house in april. the caucus says "there should be no further discussion until the senate passes the legislation." >> the house bill, we passed it. that is the mechanism right now sitting there that there's 11 democrats in the senate and the democratic president of the united states that stand between that bill and it becoming law. >> it was thought that house speaker kevin mccarthy wo...

Don't worry about it and it comes back to catch him. and in the end for roughly 30 years the average risk-free rate was 5.6%. if we had to pay 5.6 percent on our debt levels today, we would be broke. maybe we are broke anyway, but that would accelerate the process. my thesis has always been very simple, if you dress funny and you are really good at what you do, then you are eccentric. if you dress funny and you are not good at what you do, then you are a smock. you work very, very hard to be very good at what you do so that you have the freedom to do whatever you want. >> neil: for a lot of th...

Tribune began the demise of the newspaper industry. it became obvious it wasn't economically viable. >> neil: if you had to do it all over again? >> i think i would have done it all over again based on the facts i knew at the time. we got sideswiped, but the answer is, i take risks for a living. i have to be prepared. >> neil: why do you guys like that do that? i know the investment and intrigue. for a lot of the ignites who dabble in this and buy into the media it is like a trophy project? >> it's ego and terrific and sense of power. it's a sense of control. i own the tribune and i owned the ...