writings and i am surprised we do not have a pristine credit rating anymore. i guess from the collateral damage that we have from 2011. i wonder how this affects the government in our personal interest rates. guest: it has had a muted response. there are several companies like aa companies and their stocks outperformed aaa companies. even those that had incredible credit readings such as ge, general electric, they were not as good and flush for the money as the rating agency predicted. the rating agency themselves are flawed. they have missed several debacles over time. the railroad, bankruptcies, we kn tweet, include the handle @cspanwj.

front page of the washington times. mccarthy sways conservatives to seal the debt deal. here is the speaker after the vote in the house last night talking about what is in the agreement. [video clip] spkr. mccarthy: there will people on welfare today that will no longer be on welfare. they will find a job because of the work requirement. and not just a job, but self-worth. their attitudes are going to change. they are going to be able to buy a house and send their kids to college because of the vote we took tonight. because of the bill we passed tonight, the billions of dollars in covid money they said they would never bring back, you know

what? to the taxpayer, to you hard-working americans, we stood for you. we brought that money back. for those afraid they are going to be audited because the president wants 37,000 new agents, right now, he has zero. we took every single dollar they were going to hire somebody this year away. i promise. i will be back next year and next year and next year because i believe government should be here to help you, not go after you. we did not just take the money from this year but another $20 billion. i think we should get more border agents with that $20 billion. we capped the ability of spending in government the next six years. we are holding people accountable to do the work you

are supposed to do as a member, otherwise, cuts across-the-board. we are unshackling what holds america back from competition with other countries. for the first time in 40 years we changed environmental review process so you do not have to wait seven years to build the road. you can do it in one or two. it is not just the bridges, the roads, it is the energy projects that will make us energy independent. we stopped $400 million going from the cdc global health fund not to americans, but taking americans' money to send it to china. i believe in looking after america first. more than two thirds of our conference voted for it. the democrats signed a

discharge petition that said they would never raise the debt ceiling and we got them to vote for it too. host: the speaker approved the debt limit deal brokered by himself in the president, noting two thirds of his conference voted for this. the washington times said, the democratic support, which was more than the republican support, was pivotal since mr. mccarthy could only afford four defections from republicans given the narrow hold on the chamber. the new york times this morning, there front page story, built the dodge default in bipartisan vote. they said democratic support was a blow to the republican speaker, whose hard-fought victory was dampened by the fact more democrats voted for the bill then members of his own party. inside the wall street journal this morning, here is a quote by

andy biggs, conservative from arizona. those that were opposed to the deal, quote, " we were told they were never put a bill on the floor that would have more democrats pass. we were told that. that is what just happened." we are getting your thoughts this morning on the house passing this debt deal. it now moves to the senate. what happens there and how quickly they take it up we will know shortly. the senate is going to convene today. the house has left washington, the lawmakers have left on the house side, and all eyes are on the upper chamber. here's the senate majority leader, chuck schumer, who says he wants to move the bill quickly. this is him talking before the

vote in the house yesterday. [video clip] sen. schumer: today we are here to talk about first and foremost the most important order of business in the capitol and that is avoiding default. today the house will vote on a bipartisan agreement that will protect the american economy and eliminate the risk of a catastrophic default. once this bill reaches the senate, which i hope will be later this evening, the senate will move quickly to pass the bill, send it to the president's desk, and put the awful and devastating risk of default behind us. no one on either side would call this agreement perfect. no one got everything they wanted. that is why it is a bipartisan agreement. however, this agreement accomplishes two major goals. it spares the american people from catastrophic default and preserves many of the most important investment we have passed over the last few years. from the very beginning

democrats have warned that default is a disaster and absolutely must be taken off the table. moving forward on this agreement is the sensible, responsible thing to do, and most vital for our country. we are getting close to putting this threat of default behind us but there is more work, perhaps the most important work, to do -- passing it into law. i hope the house will do its job later today and urge my colleagues to be prepared to do the same when the time comes and it is coming soon. host: the senate majority leader, democrat of new york, talking before the house approved the debt limit deal. from the washington post, senate leaders ceiling the time crunch. marion levine reporting not everyone is on board in the senate. liberal and conservative senators started raising

concerns over aspects of the legislation. senator bernie sanders says he planned to oppose the debt limit deal, saying he could not, in good conscience, support it. at least two republican senators said they would ask for amendment votes that may slow down final passage. those were senator rand paul of kentucky, willing to allow the deal to move through at a faster rate in exchange for a vote on his amendment, which would cut total federal spending by 5% a year. and senator mike lee, republican of utah, said he has no desire to hold the legislation up for the sake of holding it up. buddy plans to also propose his own amendments. those would need 60 votes to get through the chamber. the washington post notes, any changes to a house passed bill means the house would have to take of the legislation again,

which would certainly mean blowing past the monday deadline. possible amendments are widely expected to be required to pass the 60 vote threshold, guaranteeing they would largely be symbolic. let's go to calls. let's go to alabama. shiraz, you are first. caller: [indiscernible] host: is your question about social security? caller: are they cutting the social security money when they reduce the debt ceiling? host: social security payments will go out as long as the senate can move before the june 5 deadline to avoid default. gordon implant city, florida, republican. caller: the most important bill that was up there was not the debt ceiling talks and that would be hr 5899.

ralph norman is going to be up in a little bit and i want you to ask him about the student loan bankruptcy bill. student debt is over $2 trillion and the students have paid more than they borrowed. you are not going to get blood from them. my member of congress is loralee. she is conservative but has not done anything to reduce or eliminate using my tax dollars to guarantee student loans. i'm going to call her out as a liberal and do everything i can to unseat her. students can file bankruptcy. ralph norman's bill from the 116th congress is nothing short of a miracle from god almighty. , national director -- i lost

the case 4-3 so i am very conservative fiscally and morally. i'm going to call out laura lee and make sure my tax dollars no longer guarantee student loan dollars. host: we heard you. student loan policy is included in this agreement. five takeaways on the economic impact of this debt ceiling agreement from the washington post. student loan repayments have been on hold since march 2020, costing the government roughly $5 billion a month in lost revenue. if passed, the debt agreement would require 43 million americans to resume payments in september, slightly earlier than expected. as a result, households could see a $40 billion reduction in disposable income.

that could quickly blunt america's spending power at a time when many families are struggling to keep up with high inflation on necessities such as food and gas. jamie in plymouth, massachusetts. what do you think about this deal? caller: to put it briefly, i think kevin mccarty got fleeced by joe biden. when you are the house majority -- which a large propulsion voted against your own deal -- he should sleep with one eye open. even one member can say they could get rid of him as speaker and he should be nervous. the fact that you go in grandstanding and say you want to eliminate half or three quarters of the $20 billion shift in irs funding from the biden administration and you only eliminate $1.4 billion, it is parity embarrassing.

at the end of the day when you go in with high expectations and you go one-on-one with joe biden, it undercuts that joe biden does not know what he is doing and makes republicans look like they are falling flat in terms of not being capable of handling budgetary issues and meeting expectations. all they have to say is hot air and related to policies that do not help the people and just helps the top 1%, which are most of their supporters, in the discussion about what the budget is. host: political observer saying president biden can also claim he has worked across the aisle. that this shores up his claim of being bipartisan. that he would work as president with the other side of the aisle. are you still there?

caller: yes, i am. host: go ahead. caller: i think at the end of the day with what president biden has been doing every day and trying to keep discussion with his own in the house, he is doing a good job of showing he is in the driver's seat. we are facing both people that are not happy but he got 165 democrats to vote for this shows we are more unified than the people in charge of the actual institution. host: those numbers mean 71 republicans opposed this deal and 46 democrats. here is what is in it. it raises the debt ceiling, increasing limits for two years. it caps non-dense spending, that theducation dartment, other domestic spending programs. it protects veteran's medical care, expands work requirements

for certain adults receiving food stamps, and it claws back unspent covid relief funds, cuts the internal revenue serce funding, restarts student loan repayments, and speeds up permitting processes for new energy products. the president yesterday issuing a statement. not going before the cameras but said this agreement is a bipartisan compromise. neither side got everything you wanted. i have been clear the only path forward is a bipartisan compromise that can earn the support of both parties. this agreement meets the test. 241-187 afternoon vote allowing wednesday night's action was unusual. the minority party almost never supports such a measure. before the final vote there was one on the rules. that is considered procedure.

it is usually the majority party that is tasked with getting that rule over the hurdle to move on to a final vote. because republicans did not have 218 of their own members to approve the rule, democrats worked to provide enough of their own to keep the bill moving along. a small group of chosen house democrats discussed via text messages throughout the day whether it was worth voting for the rules, including that they would do so if leadership gave them the signal, according to two people familiar with the effort. when mike rogers, republican of alabama who was presiding over the vote, asked whether all lawmakers had voted, hakeem jeffries, flashed a green card to dozens of democrats waiting in the well of the chamber who immediately voted yes and brought the rule over the hurdle.

democrats stressed their support for the initial parliamentary vote would not come without a price. in exchange, the democratic leader will win a private pledge for concessions from mccarthy on legislation considered this summer or fall. mccarthy's office did not respond to request for comment but asked wednesday whether he would cut a deal to have democrats vote for the rule, mccarthy responded, no, no. we are getting your reaction to the house passing this debt limit deal now moving to the senate. republicans, dial in at (202)-748-8001. democrats, (202)-748-8000 and independents, (202)-748-8002. you can also text us at (202)-748-8003. let's listen to the minority

leader, hakeem jeffries, on the floor yesterday about this agreement. [video clip] >> it appears you may have lost control of the floor of the house of representatives. earlier today 29 house republicans voted to default on our nation's debt and against an agreement you negotiated. it is an extraordinary act that indicates the nature of the extremism that is out of control on the others of the aisle. extreme maga republicans attempted to take control of the house floor. democrats took it back for the american people. and we will continue to do what is necessary under the leadership of president joe biden. to build an economy that works for every day americans and push back against the extremism on

the others of the aisle. under the trump administration, democrats helped the former president avoid default and raised the debt ceiling three times without partisanship because the democrats put people over politics. even though we strongly disagreed with your reckless policies. as chairman neal outlined, 2017, you passed the gop's tax scams where 83% of the benefit went to the wealthiest 1% in america. and caused our nation to go $2 trillion in debt to subsidize the lifestyles of the wealthy, well off and well-connected,.

did nothing to lift up the economy for every day americans and that has been the case with your so-called tax cuts under ronald reagan and george w. bush . failed policy, trickle down economics. it has come to mean only one thing for everyday americans -- you may get a trickle but you are guaranteed to stay down. the policies have failed. host: democratic leader in the house, had jeffries of new york. the house passed this debt limit agreement brokered by the president and speaker mccarthy. it now goes to the senate. the senate majority leader, senator chuck schumer of new york, saying they will bring it up as quickly as possible. on the house floor last night the washington post says

representative nancy pelosi walked up to hakeem jeffries, her successor, and briefly spoke to him on her way out of the chamber before proudly patting him on the chest. both emerged from their quick interaction with a smile. the washington post with that color of what was happening on the floor as the house passed this measure with more democrats than republicans. tim in michigan, republican. what do you think of the republican majority needing democrats to get this over the finish line? caller: well, regardless of parties, this is a proud american. i believe the only way we are going to get out of this mess is to actually default and we are going to have to start all over. nobody is getting anything done.

we are just bickering back and forth. we hear this every morning. it is the same stuff over and over and over again. if we default, all we are going to do -- we are still paying our bills. the american people pay the bills for our federal government. period. if we stop paying taxes, we will default. it is common sense. so, the dumb guys sitting right behind you, they are just wasting time, they are wasting money, and their job is not even a job. it floors me to think we are going on and on and on and on about this stuff and it does not really matter, except to the american people, which pay the bills. thank you. host: let's go to tim in iowa,

independent. what do you say about the debt agreement passing the house? caller: good morning, greta. host: good morning, tim. caller: can you hear me? host: i can hear you. go ahead. caller: greta? host: we are listening. caller: ok. i think the other bill they had first was better. the one the republicans passed. but anyway, how are you going to pay the student loans back if they keep pausing the payments? host: under this deal they will not. they will not be paused anymore. caller: why were they paused in the first place? host: because of the pandemic. caller: shoot.

oh, heck. ho: mary in st. paul, minnesota, democratic caller. ller: good morning. it is really funny that we are talking about the debt ceiling. there are so many things wrong witht and one of the things this things they were trying to put into the bill. mtg was yi to limit free speech. we areaung the student loans. we are not taking them where they should be. we should be getting rid of student loan debt. biden had to do what he had to do but it is stupid. we still have covid. covid is not over. anyone who thinks covid is over should stop and think it over. you all have a good day. host: bill in columbia,

maryland, independent. your turn. caller: good morning, greta. so nice to talk to you. host: good morning. caller: i'm an independent. i'm a conservative. i usually vote republican but identified as independent because i see both parties as fiscally irresponsible, as evidenced by the $32 trillion debt. that is why i identify as independent. this, as i have said many times, is political theater. what they are doing is showing their true colors. they are a uni-party when it comes to spinning our children's and grandchildren's money to advance their political careers. it is such a shame for our

children and grandchildren that they cannot get serious and address the fundamental issues, which, of course, are the entitlement programs. this discussion about the debt ceiling is like, imagine you have a four or five generation households. all of these kids, multiple generations, in the adult, the great-grandparents, parents, grandparents, some of them are talking about cutting expenses when in reality every year they keep raising it. and they are lying to the kids and some of the kids are saying, wait a second. you're going to leave us all of this debt. other kids are like, spend it. let's not worry about tomorrow. it is such a shame to see that, in washington, they cannot face reality when i