Biden: ‘Hopeful we’ll know by tonight’ if debt deal reached

The Last Word with Lawrence O’Donnell

Lawrence O'Donnell, MS NOW

Washington, Policy, Politics, President, News, Versant Media, Ms Now, Congress, Versant, Senate, Government

4.5 • 6.4K Ratings

🗓️ 27 May 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tonight on The Last Word: Treasury Secretary Janet Yellen sets June 5 as the deadline for Congress to raise the debt limit. Also, Vladimir Putin claims victory in Bakhmut after staggering losses. Plus, Harris County plans to sue Texas over GOP election bills. And Richard Lui discusses his new documentary, “Unconditional.” Mark Zandi, Rep. Dan Kildee, former Amb. William Taylor and Texas State Rep. Jolanda Jones also join Ali Velshi.

Transcript

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0:00.0	It's 8 p.m. in Washington.
0:03.7	There is still no deal to raise the debt ceiling.
0:05.9	And at this hour, House Republicans are holding a whip meeting to discuss what the process
0:10.2	will be over the next few days if, in fact, a deal is reached.
0:14.4	President Biden told reporters today that he's optimistic that a deal can be finalized tonight.
0:19.3	But, regarding the debt limit, things are looking good, very optimistic.
0:26.7	I hope we'll have some clear evidence tonight before the clock strikes 12 that we have a deal.
0:36.7	But it's very close.
0:38.8	And I'm optimistic.
0:39.8	I'm hopeful we'll know by tonight whether we are going to be able to have a deal.
0:44.2	All right, so settle in.
0:45.7	This might be a long night for us.
0:47.4	White House and House Republican negotiators have moved closer to a deal in the last
0:50.8	24 hours as we reported last night.
0:53.5	This morning, Republican House Speaker Kevin McCarthy had this to say.
0:58.2	I thought we made progress yesterday.
1:00.5	I want to make progress again today.
1:02.6	And I want to be able to solve this problem.
1:05.2	Now, Speaker McCarthy has been given more time to solve this problem.
1:09.0	Treasury Secretary Janet Yellen said today the projected debt ceiling deadline is now June
1:14.0	5.
1:15.0	In a letter to Congressional leader Secretary Yellen wrote during the week of June 5th,
	...

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