Biden-McCarthy meeting “productive” as default looms

The 11th Hour with Stephanie Ruhle

MS NOW, Stephanie Ruhle

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

4.5 • 3.6K Ratings

🗓️ 23 May 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden and Speaker McCarthy left a meeting at the White House Monday still short of a deal on the debt limit. Meanwhile, the field of Republicans running for president now includes South Carolina Senator Tim Scott. Peter Baker, Mark McKinnon, Neal Katyal, Lana Bellamy, and Jake Ward join.

Transcript

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0:00.0	Tonight, the pressure is on to avoid a default on our nation's debt.
0:05.8	President Biden met with Speaker McCarthy today, what happened during the high stakes
0:09.7	negotiations.
0:11.4	Then Donald Trump's mounting legal woes, including E.G. and Carol seeking more damages from the
0:16.9	former president.
0:18.4	And debunking a story pushed by the right wing involving migrants and homeless veterans.
0:24.0	We'll get to the truth, as the 11th hour gets underway on this Monday night.
0:30.0	Good evening once again.
0:35.4	I'm Stephanie Rule.
0:36.6	It is crunch time for the president and the Speaker of the House.
0:40.1	The country is now just 10 days out from a potentially historic default on its debt.
0:46.2	Joe Biden and Kevin McCarthy have still not reached a deal that would break the stalemate
0:50.2	over the debt limit.
0:51.2	Tonight, they did meet one-on-one in the Oval Office hours after the Treasury Secretary
0:55.7	Janet Yellen issued another stark warning.
0:58.8	Yellen says it is, quote, highly likely that Treasury will no longer be able to satisfy
1:04.2	all of the government's obligations if there is no resolution by June 1st, meaning we
1:09.0	cannot pay our bills.
1:11.1	Even though there is still no agreement, Kevin McCarthy says the sides are going to keep
1:15.6	talking.
1:17.2	I think the productive part was who was in the room narrowing where we're talking.
1:22.1	We're not talking over each other.
	...

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