If it's Thursday, we have enough crises already, but now we're creating one.

The U.S. government hits the debt limit, sort of, as Washington braces for months of totally

unnecessary threats and manufactured rinksmanship with the fate of the global economy on the line

if the U.S. actually defaults.

Plus, President Biden right now is in storm ravaged California to see firsthand the billion-dollar

damage and massive recovery effort and meet face-to-face with first responders and local

officials. And unsolved mystery, the Supreme Court claims its investigation into who leaked the bombshell opinion overturning Roe v. Wade has come up empty.

How hard are they looking?

Welcome to meet the Press. Now, I'm Chuck Todd here in Washington, where we're about four and a half months away from a potentially and totally avoidable economic calamity,

thanks to senseless brinkmanship. The Treasury Secretary Janet Yellen announced this morning

that the U.S.

government technically hit its statutory debt limit, forcing Treasury to invoke what they

refer to as extraordinary measures, and frankly they've become ordinary tools over the last

10 years to meet its many, many financial obligations. In a letter to the House Speaker,

Kevin McCarthy, Yellen warned that these measures will keep the government solvent through June 5th, at which point it would default. And as we saw in 2011 and

2013, even the threat of a default is enough to wreak havoc on markets, mess up interest rates.

Really, the only people that win are hedge funds who are just laughing at this government

playing games so they can play games at the market.

Actually, defaulting, of course, would be so much worse.

Here's former Obama Treasury Secretary Jack Liu,

who saw both of those debt-limits showdowns up close and personal as Treasury Secretary.

If we actually were to cross the line and get to the point where we didn't pay our bondholders

...