Yellen: Congress must address debt ceiling by June 5

Anderson Cooper 360

CNN

News

4.1 • 3.7K Ratings

🗓️ 27 May 2023

⏱️ 43 minutes

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Summary

Treasury Secretary Janet Yellen warned that if Congress doesn’t address the debt ceiling by June 5, the U.S. Treasury Department won’t have enough money to pay the nation’s obligations in full and on time. President Biden and House Republicans continue to negotiate a deal so the U.S. doesn’t default. Democratic Rep. Seth Moulton tells AC360 whether he thinks a deal can be reached in time.

Plus, Boston Celtics co-owner and President and CEO of Granite Telecommunications Rob Hale surprised University of Massachusetts Boston graduates with $1,000 each. He joins AC360 to discuss why giving back is so important to him.

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Transcript

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0:00.0	The gloves are truly off tonight in the Republican race for president John King here in
0:05.6	for Anderson tonight.
0:06.6	Thank you for your time.
0:07.6	Even if you're paying just a little attention to the Republican race, it is now hard, impossible.
0:11.9	Not to notice.
0:12.9	Ron DeSantis and the former president now openly throwing haymakers.
0:16.3	Never mind that old 11th Commandment thou shalt not speak ill of a fellow Republican.
0:20.8	Donald Trump, of course, has never bought into that.
0:23.3	And now it seems his fellow Floridian doesn't either.
0:26.8	For the last 48 hours, Governor DeSantis has gone straight at the GOP front-rider runner.
0:32.3	Most recently today on this conservative talk show.
0:36.8	He's been attacking me by moving left.
0:40.4	So this is a different guy than 2015, 2016.
0:43.8	Two million illegal aliens he wanted to amnesty.
0:46.5	We both faced COVID-19 and we both responded in the way we did.
0:51.4	He responded by elevating Anthony Fauci and really turning the reins over to Dr. Fauci.
0:57.8	You know, under the Trump administration, you know, he enacted a bill, basically a jailbreak
1:02.7	bill.
1:05.2	As for Mr. Trump, there's this and yes, listen closely, he's deliberately calling the governor
1:09.8	Rob not Ron.
1:13.4	Rob DeSantis and his poll numbers are dropping like a rock.
1:17.3	I would almost be inclined to say these are record falls.
	...

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