Debt ceiling deal clears first hurdle in GOP-led House

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

🗓️ 31 May 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

While President Biden and Speaker McCarthy each face tough questions from members of their parties, a debt ceiling bill to avoid a potentially catastrophic default is headed to a House vote. Glenn Thrush, Carol Lee, Conor Lamb, Judd Legum, Mark McKinnon, Tony Plohetski, Scott Budman, and Bill Cohan join.

Transcript

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0:00.0	Tonight, the Debt Deal drama exposing the cracks in the House Republican Party, the Biden
0:06.3	McCarthy agreement passes its first test in Congress as some on the far right threaten
0:11.6	McCarthy's speakership.
0:13.6	And the group eyeing a third party presidential run in 2024, why some Democrats are not happy
0:19.6	about it and the big question, do they even have a lane?
0:23.8	Then Elizabeth Holmes starts her 11-year prison sentence.
0:27.8	Her stunning fall from CEO Superstardom as the 11th hour gets underway on this Tuesday
0:33.8	night.
0:34.8	Good evening, once again, I'm Stephanie Rule.
0:42.4	The Debt ceiling bill that will keep the nation out of default is now on its way to the
0:47.3	full House for a vote.
0:49.3	President Biden and Speaker Kevin McCarthy agreed on the bill over the weekend, and just
0:54.0	hours ago, the Rules Committee voted to move it to the House floor, despite fierce
0:58.4	opposition from the far right House Freedom Caucus.
1:02.2	It has almost no cuts or any reforms in place for it.
1:06.8	No Republicans should vote for this bill, and so my focus is trying to persuade my colleagues
1:11.0	what's wrong with the bill, why there's no reason to support it, why it's bad for the
1:14.0	country.
1:15.0	This is a f***ing sandwich.
1:16.3	So again, I'm so sorry for the language, but honestly, that's what it is.
1:20.6	There are a lot of people really concerned about the lack of any real cap on the amount
1:24.9	of spending that could occur over the next, you know, a couple of years.
	...

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