>> c-span is your unfiltered view of government. funded by these television companies and more including charter communications. >> trust prior to be recognized as one of the best internet providers. we are just getting started building 100,000 miles of new infrastructure to reach those who need it most. >> charter communications support c-span as a public service along with these other television providers giving you a front row seat to democracy. >> taking a look at the week ahead and what'sek expected. thanks for joining us. kevin mccarthy house speaker says he will sit down wednesday with president biden to think about issues. what are the positions of the two men and what does it mean

going into the conversation they are about to have? >> the most important thing that happened, can't pass a law without these two men and we need to pass a law. joe biden position is the position that barack obama had in his second term, he will not negotiate concessions for releasing the hostage of the debt limit. kevin mccarthy, the new speaker, new house is saying you got to negotiate, about how our acdemocracy works. find compromise, we need to try to cut spending and reduce the deficit andd come to an accommodation and a deal and what the republicans want ultimately is a deal that lays out a path to a budget so when you have a trillion dollars in deficit as far as the eye can see, that's not likely to happen the next few months but a lot of times these negotiations start off each side saying no and you

get a lot more no and then maybe closer to a deadline and people start getting upset and markets are reacting and eventually you get to an accommodation. it's always possible but other things get added to the debt limit bill and if the democrats get some things and republicans get some things, maybe you could see something happening but this is something that's going to be basically a topic for the next several months at least until tjune when the first moment we might hit that cliff. >> we saw mitch mcconnell say last week between their two men, they seem to be staying out of it for now. >> that's what he did in 2011, mitch mcconnell and john weiner was there with the new house, they were intent on cutting the deficit they wanted to pass balance budget amendment before raising the debt limit cut cap and balance bill, it was much more m ambitious than what kevin

mccarthy is talking about, a modest deal on spending. i think mcconnellh is sort of in the wing and if the house is unable to get back together and unable to pass anything, there is a chance that mcconnell the end could pick up the phone to joe biden and try to craft a deal they think may be enough folks in the house or except. >> you and others at bloomberg has a story about the options the government may consider when taking care of these issues, what's the genesis of the story, what are you writing? >> a lot of folks have been talking about ways to bypass the house of representatives. it's very inconvenient to have a house of representatives that disagree with you that you need to raise the debt limit and there are various ways of people talking you can raise cash to pay the bill. one of

them pretty popular on social media called platinum coins, an old law from decades ago that gives the secretary of the treasury ability toe have a.of any denomination, the trillion dollar coin of the federal reserve and they credit our account and we can keep paying the bill. there are some problems with that, you'd have to figure out how to not have that add to inflation, usually money to pay your bills and not a great thing for economies around the world and it could shake confidence in u.s. credit. it's not at great option but theoretically possible. there is another option called premium bonds, a way to disguise the size off the debt and basically you would say okay, we are going to issue new bonds and paid an extra one 100% or something in interest on the

bonds will guarantee an extra one 100%. the value they would put in would be higher, they would pay a giant premium and it won't count against the nameplate debt against the debt limit so theoretically you could refinance a lot of bonds doing this in sort of a shell game and the 31 trillion-dollar debt would look smaller even though reality you are in the same financial position, to do 031 trillion, you've just gone through some gains to make it look smaller and potentially have the rest of the world saying this isn't really what we put our money in, that's not what we want to see and there's a potential it could cause higher interest rates because people would have lessus

confidence. >> a story you want to read for yourself, week ahead in washington, you want to call and ask questions, (202)748-8000. independence (202)748-8002. text 2-027-484-8003. bills that could be debated this week, one would and public health emergency and national emergency declared by president trump related to covid-19, what's thehe messaging behind these bills? >> house republicans have several bills related and they are trying to basically say the pandemic is over, we should not using emergency authority from 202020. federal workers should have to

show up for work. they want to refer to lead policies of 2019. a loto of workers are will from home these days so they call it to show up to work act and there's one on vaccine mandate, healthcare workers so these are things republicans have been talking about campaigning on and the problem for them is they only have the house. they are notn going anywhere in the senate and even if they did, you need thexe executive to sign your bill or tutors to override and we know how bill becomes a law and they don't have that so it's going to be interesting to see when people put out fundraising e-mails, i just dide x. you see that a lot when the new house takes over when people are

like we've done all these things but until you actually accomplish a law that is just a well organized press release ani that's where things like the debt limit ande budget spikes later thisth year the t government -- it expires september 30 will have to pass a law to keep the government operating afters s that and a t of these things are going to be in the fight. those are the two moments this year debt limit and funding cliff where republicans have leverage and intend to use it. >> let's hear from viewers. democrat line for steve and bloomberg. >> good morning. >> was the previous segment.

>> credit is credit, the people they are using, they always pull. that's my opinion. thank you. >> thank you. >> when it comes to u.s. credit we have something called 14th amendment where section four of the amendment is credit of the united states shall not be questioned, passed after the civil war but there was question on how they would pay back civil war bonds and they wanted to put arrest to that so there are folks on capitol hill who say we not default on debt because of. treasury secretary would prioritize paying back those coupons. thatac is untested and kind of a risky thing to say because we have a lumpy -- the federal budget is lumpy. some days 50 million is going

out for social securityn tax ad other days money is going up for medicare and other days for you have to make coupon payments they don't always correlate so some months we have surplus and some with giant deficits. you would have that make sense for any length of time beyond a few days would be good. >> not, you are up next. >> good morning, what's ahead in washington is democrats doing their best to govern and republicans doing performative nonsense and i just wish we would frame actions is not one side and the other side when we

literally have one group of people, one party in our country that formed a coup and is still. antidemocratic not looking at the best interest of all americans. our news coverage unfortunately continues to cover things on one hand and on the other hand is it kevin mccarthy or these other yahoos are actually trying to govern this country. as an independent, my main source of perspective is the lincoln t project where these ae former republicans, they know the deal. they know there's russian money and other corruption going on and unfortunately we continue to do one side and the other. even on c-span i wish there was fact checking in real time

whether members come on and fly or democrat or republican but we need perspective because half the country believes climate change is real which is true -- >> your putting a lot out there for our guests but as far as the original -- we expect these things as far as what one party does or the other party? >> i do think there's a divide in the congress and the country and if wech talk past each other we are going to have a hearing this year on the board, the two parties here the issue very differently on immigration and the border. hard to see them coming up with a deal in congress has failed for 30 years, over 30. there will be another attempt this year where kyrsten sinema

is working with republicans and democrats to come up with the deal. it be unusual if she were to succeed but there are certain things they have to come together on even if they don't like each other or think the other person is an insurrectionist or don't like what somebody else said in almost every year we've managed to pass a bill to fund the government and eventually find a way to pay our bills and it's going to be messy, always messy when you have a new divided government because people are testing their limits on how far they can go buts, in the meantie even if you get close to these cliffs they can have a big impact on viewers. if you are in the stock market

where about the economy in 2011 when there was this hostagetaking of the debt limit, consumer confidence plunged and markets rig out, the economy took a hit and ultimately they came up with a deal to cut spending and people think that was worth it but there are others who look at it and say particularly barack obama who said never again. we can't play with thermo nuclear footballs in the economic sense because we didn't go over the cliff. if we had, janet yellen, treasury secretary warned it would be an economic catastrophe, we have a recession it would be completely avoidable so as sometimes things have to happenpp or our government doest work.

i think there are a lot of folks feeling that way yet these folks will have to discuss and work things out in one great thing is despite their messy fight every year they eventually pass a bill and it will be messy. i've gone viral a few times pointing out the way congress works is no, no, no, 100 nose and i guess at the end and it's probably not going to be any different, it just might have some more note in it but in the end we almost certainly will have a deal if you want to be

optimistic and on the economy, the house is closely divided, kevin mccarthy doesn't have a lot of margin so he's under pressure from the right and we saw that he barely became speaker but john weiner had a lot of pressure from his right. there's also pressure from moderates, they do not necessarily want to go over the cliff or the economy blamed on them. what happened in 2011 was barack obama's a lot. when you are staring at something that for both of you,

sometimes it brings together on some. >> let's hear from stephen montana republican line. >> good morning, thank you very much. i've been watching for the years, continual breakdown of our economy since 1971 and a sadness we all knew as soon as we lost control which is the standard, prevalent right now the control of the economy has been manipulated and controlled by constituents beyond understanding and as a result we've had this breakdown of our

economy, manipulation from the situation extended itself to what wede see today and we have this parallel -- not parallel, excuse me. we havee this political pendulum swinging back and forth from one extreme to the next and i've been watching for 50 years and there's only one constituency a tad no change at all in those people we don't hear about and i have my strength and hope in this, there's going to be no political answer to any of these problems because they do not want to establish two facts of our existence, to establish truth and righteousness in our actions and thus the only way to

establish justice in our civilization. >> last time i heard the gold standard was a federal reserve nominee a few years ago who previously espoused and then she rolled back the idea. i don't think there are many members of congress, if you look at the federal reserve's, they lift up personal assets well over $100 trillion and it's a lotil more out there so i don't think folks say that would solve our problem. up until a few years ago we had unprecedented stretch, low rates and low inflation and there are

some good things and some not so great things, lowest unemployment rate, it's easy to find a job and a lot of places but there has been inflation and you see people with higher interest rates and make car payments dealing with buying a house so those are issues congress will look at and if they can cut spending theoretically you can bring inflation down pastor and the federal reserve takes its foot off the gas. >> we will hear from jerome powell thisfr week and here the numbers. >> i think folks if you look at the market, they are starting to

expect federal reserve not to raise interest rates as fast or as much. inflation has come down, our prices are down a lot. car prices have been coming down so we will see what happens. one thing that is short looking at congress this year, the era of being a protestant spending deals, we've seen in the past six years and that's on a multiyear policy like it was in 2011 to 2016. saranac and votes in the house. maintaining the twins they got the past couple of years so the

other big question includes things like ukraine and republicans are divided, so we will see what happens with that. >> stephen dennis bloomberg news, if you want to read the work there. we will hear from steve, defendant line. >> an interesting topic but everybody expects change. the country is broke yet on both sides of the aisle, they are irresponsible with us, the taxpayers money. it's like an endless supply so they run up that higher. jack up taxes higher. the amount of money spent on

non- essential is sickening and the american public knows and sees it because of thehe media n the previous topic, it's in our faces. you'd have to be blind to not see the corruption, irresponsible in this, it's been going on for years. it's's about self gain, they are narcissistic people and don't care. if the american people think when they sit and talk about what good for the american people, they are in disneyland. it's about power. >> thank you. >> i think members of congress want to be reelected. he knew how to do too many polls to find out what people want,

spend more money on medicare. it's pretty popular. you want to support food dance, pretty popular. individually, we should actually spend more and when you ask about taxes to pay for all that, taxes are unpopular unless it's on somebody else so what ends up happening at least what we have seen in the 20 years i've been covering congress and before that is when republicans are in charge or have power they've successfully cut tax rates again and again and they are lower than 30, 40 years ago and democrats have wanted to increase spending and when trump

came to power, he said he'd get rid of the debt. he actually proposed some budgets and sort of instantly increased spending and he cut taxes and decent amount as well. the deficit went half a trillion to a trillion a year. and now as far as the eye can see so congress is reflective of what people's desires are. spend money and not pay taxes and that's how you end up with deficits. if there were a lot of people who decided to say balance your budget, cut spending and particularly cut these particular programs, they could get the numbers to change so more people wanted to raise taxes or want to cut various benefits than