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congress fails to act and the u.s. defaults on its debt will be bad. it's something that looks more possible by the day. the clock is ticking. speaker kevin mccarthy says he wants a deal by this weekend. that it's the only way to give both houses of congress enough time to actually mark up and pass anything on the debt ceiling. but president biden is leaving town tomorrow heading for the g-7 in japan. what punch bowl called a damned if he does, if he doesn't situation for biden with the stakes incredibly high. so with both of those things in mind, the clock and the travel, what is be...

let's have a negotiation. let's walk out where the american people win. this hour, how did a stranger get past secret service and on the national security advisor's home at 3:00 in the morning? the battle over abortion. north carolina republicans override democratic governor roy cooper's veto of a bill banning most abortions after 12 weeks. a three-judge panel on the fifth circuit court of appeal will hear the arguments against the texas ruling all but banning the abortion pill, a case that will inevitably go back to the supreme court. good day, everyone. i'm andrea mitchell in...

♪ anderson, thank you. matt gaetz, he single handedly held up kevin mccarthy's election as speaker, you'll recall. well, tonight, he's threatening to do it again in a new battle on capitol hill. and he's here. i'm michael smerconish. live from new york city on the day that president joe biden asks americans for another four years, the nation is at risk of a potential economic disaster. thanks to partisan and interparty politics in washington, the u.s. is scheduled to default on its debt as early as june. something that's never happened before. and if the nation defaults, that m...

old. the news continues. cnn newsroom with michael starts now. anderson, thank. you matt gates, he singlehandedly held up kevin mccarthy's election as speaker, you'll recall, well tonight he is threatening to do it again in a new battle on capitol hill. and, he is here. i'm michael, live from new york city, on the day the president joe biden asked americans for another four years. the nation is at risk of a potential economic disaster. thanks to partisan and intra party politics in washington, the u.s. is scheduled to default on its debt, as early as june. something that has never ha...

this week's actions demonstrate our resolute commitment to insure that our financial system remains strong and that depositors' savings remain safe. paul: let's bring in jason trender, chairman and ceo of an investment strategy firm. jason, quite a week in financial markets. you know, the treasury secretary says all is well, safe and sound, but the markets aren't acting like it. just how big a question -- a problem is this in the banking system? >> well, paul, we don't know yet, but i think that, you know, history has taught us that, generally speaking, when there are problems like t...