DAY 740: U.S. hits debt limit, sets stage for political battle

The 11th Hour with Stephanie Ruhle

MS NOW, Stephanie Ruhle

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

4.4 • 3.6K Ratings

🗓️ 20 January 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. hits its borrowing limit and sets up a debt ceiling fight on Capitol Hill. Meantime, President Biden makes his first public remarks on his handling of classified material since the special counsel was named. Plus, a Supreme Court investigation fails to find who leaked the abortion ruling draft. Peter Baker, Yasmeen Abutaleb, Joyce Vance, Jim Rutenberg, Mark McKinnon, Symone Sanders-Townsend, and Jake Ward join.

Transcript

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0:00.0	Tonight, Republicans playing with house money.
0:07.4	The debt feeling has been hit and the Treasury Department is starting to take extraordinary
0:12.3	steps to avoid default.
0:14.2	The devastating result that could have on our economy.
0:17.4	Does Kevin McCarthy even have a plan?
0:20.2	Then, Wootheopard Murdock under oath for lies told on his network, promoting the big lie,
0:25.6	by his testimony is significant in the case where the truth matters.
0:30.2	And the George Santos saga continues.
0:32.8	He's now accused of swindling a disabled veteran and his dying dog, as the 11th hour gets
0:38.7	underway on this busy Thursday night.
0:43.3	Good evening, once again, I'm Stephanie Rule.
0:48.9	Buckle up kids, the U.S. just hit its debt limit.
0:52.6	The stage is now set for a major partisan battle in Washington.
0:56.6	Today, Treasury Secretary Janet Yellen told House Speaker Kevin McCarthy, extraordinary
1:01.2	steps are now underway so the U.S. can keep paying its debts until early June.
1:06.6	But she urged Congress to act promptly to protect the full faith and credit of the United
1:11.2	States.
1:12.3	That means an increase in the debt ceiling, which Republicans will not agree to without
1:16.7	spending cuts.
1:17.7	But the White House says not a chance.
1:20.3	President Biden didn't mention the issue as he toured storm damage in California earlier
1:24.4	today.
	...

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