hakeem jeffries says he can get the democrats in line. we'll see. you guarantee that this vote will happen and will succeed on first try? >> i believe it will. i'll tell you why. we had our plan, which we passed, as you noted on april 26th, with the full support of the american people to stop the avalanche of spending and each component we had of limiting the rate of growth, limiting the amount of spending -- >> that's past tense. i don't want to talk about past tense we're talking about the deal that's brokered. i want to talk about whether you can deliver that on wednesday. this wednesday is when the speaker says the vote will happen on this tentative agreement. >> okay. well my point is, that it's not past tense. each of the components we had in the bill on the 26th is reflected in this negotiated deal in principle that the speaker achieved with president biden. and that's why i believe that we'll have those votes on wednesday because we limit the rate of growth, we cut spending, we claw back unneeded spending and recessions. we stop unnecessary

hakeem j hakeem jeffreys, i'm told, told his members he would not accept any move that has requirements. mccarthy made clear it is his red line to include work requirements in that republican bill that passed the house. it would require about 80 hours a month for individuals to obtain benefits through the medicaid program, which is that entitlement program for health care for low-income individuals that have to work or have work-related activities for 80 hours a month in order to obtain those benefits, that would apply to people ages 55 and younger, people who do not have any dependents but democrats say they are not going to get behind any plan that could take away health care coverage. so how do they square that? that is going to be one of the big questions in the center of these negotiations, among all those other policy disputes with just so little time. the white house has resisted these negotiations from the beginning saying they should simply raise the national debt limit without any conditions or cuts whatsoever, but it's clear they have back tracked on that, now realizing they

and i'm proud to be joined by my colleague in the house and fellow brooklynite, hakeem jeffries. look, there was bad news and good news from today's meeting. the bad news, we explicitly asked speaker mccarthy would he take default off the table. he refused. president biden said he would, leader jeffries said he would, of course i said i would, but he wouldn't take it off the table and instead of him giving us a plan to remove default, he gave us a plan to take default hostage. and that is a shame because that makes things more complicated. the bottom line is very simple, there are large differences between the parties. if you look at what president biden had proposed and you look at what speaker mccarthy has proposed, they're very, very different. we can try to come together on those in a budget and appropriations process. but to use the rift of default with all the dangers that has to the american people as a hostage and say it's my way or no way, or mostly my way or no way, is dangerous. so we again repeat our plea to speaker mccarthy, take default off the table and let's resum

bring you interview this morning with two out of the four, speaker mccarthy and house minority leader hakeem jeffries. >>> plus, elon musk speaking to cnbc we'll show you his comments on tesla, twitter, ai, and presidential politics. it's may 17th, 2023. 30 days in may when's june 1st? it's like 14 days. we've got two weeks to do this "squawk box" begins right now. ♪ >>> good morning welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. if you take a look at what's happening, u.s. equity futures are up across the board. dow futures up by about 116 points s&p and nasdaq up as well. these are the asian markets, but if you were looking at the treasury yields, you would see right now after the talks yesterday about the potential progress being made on the debt ceiling, you're going to see the 10-year at just above 3.51%. >>> meantime we have a huge lineup today, and i mean huge. we've had some good shows recently, but this is up there. >> i agree. >>> 7:30, martha stewart is going to join us on s

even when it comes to hakeem jefferys putting his weight behind some spending freeze. we don't know how long, how much. he's open to it. that is earning the wrath of some conservatives. the pound of flesh and something that the administration wants to push, some revenues in there. where is this and that part going? >> well, house speaker kevin mccarthy who you just heard it from him again, he's saying they're not going to approve any sort of tax increases on the wealthy and corporations, which has been the white house's position. he underscored they're not going to support a clean debt ceiling. i asked him about defense cuts. he said they're also off the table. so certainly they're going to have to find somewhere to meet in the middle. you suggested maybe they could find agreement when it comes to spending cap, whether that would be one year or two years as some democrats have suggested or the ten years that republicans want to see. >> neil: i'm wondering about that. lee, it's been a prominent part of the republican plan, not only to do something in the short term to p

i'll have a conversation with hakeem. i'd like them to move rapidly. there's enough information out there now that they can look at this and come back to congress probably faster than a court case could. >> to be clear, are you saying you're going to move to expel schiff? >> no. i'm raising the question to you. if the democrats keep this priority, which they have not held to their own members in the past and for congress to work proper live just like every american, you should have due process, right? now what are we finding with the durham case? right? the democrats rose and wanted to impeach president trump based on a maids up russia collusion. it was pushed by adam schiff. they changed the rules of congress. they went to his committee. schiff went on television and said i have proof and lied to the american public and he took this country down for four years spending millions of dollars. the same time disrespecting democracy. if you really care about democracy, can you lie and make a false report to take a president down going against what the voter

right, hakeem? lived right in my neighborhood. anyway.so pay respects to a public servant who never lost sight of why he came to washington to begin with he never lost that internal gyroscope that is so essential for an outstanding leader. now i consider paul ryan a friend but it's no secret he and i found ourselves at the opposite end of many debates. he was a very conservative wisconsin republican. i've always been a brash new york democrat from brooklyn. so we saw the world a little bit differently, although we both love vince. for example, speaker ryan is known for his love of hunting. particularly deer hunting. as a teenager he mowed lawns and saved up for his own hunting rifle. i heard somewhere he even prepared his own venison and sausage. me, on the other hand, i admit i didn't find hunting all that relaxing at first. when ben nelson took me on my first hunting trip for pheasant in nebraska, i saw the two hunting dog, i thought they were for companionship. i remember pointing my target and pulling the trigger. nothing. then nelson

visit ncicap.org.] >> i am proudy colleague in the house, hakeem jeffries. there was bad news and good news from today's meeting. the bad news, we explicitly asked speaker mccarthy would he take default off the table. he refused. president biden said he would, leader jeffries said he would, i said i would, but he would not take it off the table. instead of him giving us a plan, to remove default, he gave us a plan to take the world hostage. that is a shame. that makes things more complicated. the bottom line is a simple, there are large differences between the parties, if you look at what president biden had proposed and what speaker mccarthy has proposed, they are different. we can try to come together on those. in a budget and appropriations process. to use the risk of default, with all the dangers that has for the american people, as a hostage. and say it is my way or no way, or mostly my way. it is dangerous. we repeat our plea to speaker mccarthy, take default off the table and let's resume negotiations in the budget process, in the appropriations proce

well, as i said, hakeem jeffries is our first guest tonight. and our first guest tonight was in the room yesterday in washington, nothing matters more than who was in the room. and yesterday, the democratic leader of the house of representatives, hakeem jeffries, was in the room with three other congressional leaders and the president of the united states in their first bipartisan discussion of the debt ceiling. while donald trump was president, democrats never threatened to block an increase in the debt ceiling. but that is exactly what house republicans and senate republicans are now threatening to do, and donald trump is urging them to do. tonight, donald trump, who increased the debt more than any president in history before him, and signed three easily passed increases in the debt ceiling, sheared on house republicans and urged them to force for the first time in history, a default on the debt of the united states of america. so, the day after donald trump became the first former president of the united states to be hit with a 5 million -d

chad, actually our next deadline as you mentioned is 2:30, we are going to watch for hakeem jeffries, important to hear from him, the democrat leader in the house, 2:30 p.m. eastern time, and reaction from the white house on where things stand when the white house press briefing is expected to begin 2:45 p.m. eastern time today, about 30 minutes from now. keep us posted from the hill. >> absolutely. >> john: you said is expected to begin. we should say scheduled to begin. when do they ever begin on time? >> sandra: true, i shouldn't say jinx, we like to get it. >> john: i left my wallet in my office but i've got a dollar that says it does not start before. >> sandra: unofficial start to summer is here, time for barbecues, beach, blackouts? according to a major electricity regulator, warning two-thirds of america could face blackouts as summer heat increases demand for electricity. >> john: the strain on the power grid is a major problem, thanks to the biden administration recently implemented green energy guidelines which will limit the hours of operation for fossil fuel power plants

i mean, on one hand you hear hakeem jeffrey.n the other hand we heard all the republicans saying june 1st sometime in june, i don't know what she's talking about. i mean, it seems to me there's a pretty high risk factor here for both sides if they don't get a deal. >> no, that's absolutely right. it kind of reminds me when i was a kid and i got a's my dad didn't say anything, i had b's and c's they'd get upset. >> do we have the same dad? >> they're not going to get anything on either side if you do the job. they're not going to see this boost in polling. if they don't, it's dangerous for both sides. we don't know if they would blame republicans because president biden has been asking -- asked for a budget for a long time and didn't get one until later or that republicans who have done -- have both laid out a good job of staying in front of the cameras and talking about these things and attacking the white house. like we don't know how those messaging wars are going to work. i think both hakeem jeffries and the white house shoul

house minority leader hakeem jeffries just spoke, the top democrat in the house, and this is what heaid. >> it is clear to me that president biden is continuing to hold the line as it relates to the types of devastating cuts that republicans are trying to jam down the throats of the american people. including making sure that he stands up for our veterans. it is unacceptable that on one hand you have republicans pretending as if they would never cut anything that adversity impact the health, safety or well-being of military familie families, but doing the exact opposite. >> all right. cnn's manu raja back from capitol hill, and you are adding to the voice of those adding in, but the house conservatives, are they pouring cold water on all of this? >> yes, concerns on both sides of the isaisle, and the democra are going to have to have votes on both sides because of concerns among conservatives particularly on the far right. i talked to a number of them to morning about the direction of the talks. they are concerned saying that they believe that this is watering down republican bill th

democrats are talking led by congressman hakeem jeffries. >> the maga republicans were determined to take the country down one of either two directions, door number one, they want a dramatic draconian devastating cut that would have adversely impacted the health, safety, or the economic well-being of the american people. and they were going to use a hostage-taking situation to force those extreme right-wing cuts down the throats of the american people. door number two, if they are unable to get the draconian, dramatic, devastating cuts consistent with what was in their extreme default on america act that they passed on the house floor, with the deciding vote being a serial fraudster, george santos on april 26th. if they were unable to get the default on america walk they were willing to walk america through door number two. that was a devastating, dangerous default. crash the economy, trigger a job-killing recession, because as many of them indicated, including the chair of the republican national committee, that they believe that a default and a crashing of the economy would benefit

the 150 votes that hakeem jeffries expects republicans to deliver? >> yeah, you could compare it to a presidential election where both parties are vying for those middle of the ground independent voters. that's what is happening here. you're looking to the middle of the ground folks, democrats and republicans that see this and look at this and think this is the best that we can do. you have a majority, republican majority in the house, but a democrat majority in the senate and the white house they're saying this is as good as it gets. >> neil: great job as always, aishah. want to go to scott perry. he's among those republicans that you heard aishah referring to that are no fans of this particular deal. won't vote for it. he's kind enough to join us now. good to have you back, chairman. you intimated as much saturday when i had the pleasure speaking with you. you weren't keen on what you saw being constructed. a lot of your colleagues agree. we have a couple of dozen likely no votes. do you expect that to change? >> actually i think the no votes will

speaker: i talked to hakeem jeffries on a number of bases. members should be able to read the bill beforehand to look at it. negotiating, communicating with the president, the president signs off too, i expect his party will be supportive as well. yes sir. reporter: [indiscernible] mr. speaker: we raised the debt ceiling. we negotiated in good faith with the president. i remember many times i was in that position as well. we had president trump negotiating with speaker pelosi. we supported the president in that path. look. everything in this country is not just a republican and democrat idea. there are ideas for america. i firmly believe there are democrats out there that want projects built. i may want a pipeline or road built. they may want a renewable energy project. that is a project. they are both being stopped because of what nipa studies are doing. this helps everybody. it helps the country. the idea we make this process work again is hopeful to the nation. that is a republican, and democrat. doesn't mean you get to determine the outco

significantly yesterday biden agreed that hakeem jeffries, chuck schumer and mitch mcconnell should all take a back seat while mccarthy and the white house work out a deal that each of them could pass off as success to their respective parties. but there are some new sticking points emerging this morning, specifically over work requirements that republicans want to add to some welfare programs. progressives have been voicing concern biden might give away the farm so to speak. this morning house minority leader hakeem jeffries says work requirements are nonstarter for house democrats. biden gave a parting word on this a few minutes ago. president biden: will not accept any work requirements go much beyond what is already, i voted years ago for work requirements that exist but there are possible, but not anything of any consequence. >> reporter: there are also conflicts how long spending caps should last. the white house pushing for two years. republicans say 10 years of limits. right now the country's debt exceeds 100% of our gdp. >> well there has to be caps. otherwise we're just growin

hakeem fflad to have hopefully we see you here in person next time.have a lot of work ahead in congress and also on the democratic side. the republicanepn congressman french hill who joins us from little rock. good morning to you, sir >> margaret, good to be with you. >> let's pick up where we left off. the leader says 150 republican votes can be delivered by the gop. do you have those votes for this deal? >> i feel confident that we'll have those votes after people review the text, talk with their colleagues, compare it to our goals. speaker mccarthy is the only person who demonstrated urgency on this point starting when he was sworn in and starting with the first meeting with president biden to get to a sensible and responsible increase to the debt ceiling. he had two red lines, margaret. no tax increase and not a clean debt ceiling and i think he's achieved that. >> one bill, one vote? >> that's my view. >> okay. that decision has been made, it sounds like, based on what you're indicating here. in terms of the votes, though, thisthrough.s to hath d

hakeem jeffries's leader for the democrats. i respect him greatly. we meet almost every week we are in session i try to get with him. i call him over out sometimes. we are not going to agree. i think it's a shy think is responsible that we talk. we've got to have that communication. i like the relationship that we have. he can tell me things that are wrong and we can find a way to move forward. if you believe the debt ceiling is as important as i think it is, why would you go silent for 97 days? why would you tell me one thing that we are going to meet and then not? >> do you think he would disrespect you? >> i'm asking you because you were at the meeting. >> your angry. >> i'm not angry. i just think as an american, wouldn't you think that would be wrong? or do you think you shouldn't have met with me for 97 days. >> i'm just asking you. >> i know so i'm asking you back. you wrote about this so you must have an opinion. you studied politics for a long time. you could probably teach a course. i'm sure. regardless of whose speaker and whose president

house democratic leader hakeem jeffries, welcome to the "newshour."nks so much for being with us. rep. jeffries: good evening. great to be with you. geoff: after yesterday's white house meeting, what's the path forward on raising the debt ceiling? house republicans and nearly every senate republican, 43 of them, say they won't vote to raise the debt ceiling without significant spending cuts. and democrats, of course, don't accept that premise. rep. jeffries: well, president biden, house and senate democrats continue to make clear that there's only one reasonable, acceptable, responsible path forward, which is to make sure that we avoid a dangerous default on our debt in a manner consistent with what has been done under democratic presidents and republican presidents for decades. it's unfortunate that many of the extreme maga republicans in the capitol have chosen to put the country in a hostage taking situation and essentially say to us that either we must accept the default on america act with exeme cuts to medicaid that would impact disabled childre

. >> i'll talk to house democratic leader hakeem jefferies and guilty as charged.mber of the far-right proud boys were found guilty of the high crime of seditious conspiracy. it's the third time the justice department has secured convictions for the january 6th attack. >> our work will continue. >> what do these convictions mean for a potential prosecution of donald trump for his role in trying to overturn the 2020 election. i'll talk to former arkansas governor asa hutchinson who is challenging trump for the republican nomination. joining me for insight and analysis are. nbc news senior capitol hill correspondent garrett haake. >> mark leibovich of the atlantic and republican strategist sara fagan. welcome to sunday. it's "meet the press". >> from nbc news in washington, the longest-running show in television history, this is "meet the press" with chuck todd. >>> good sunday morning. before we get to politics, it's another shooting. at least eight people are dead including children after a gunman opened fire at a suburban outlet mall in allen, texas, not far from

. >> i'll talk to house democratic leader hakeem jefferies and guilty as charged.right proud boys were found guilty of the high crime of seditious conspiracy. it's the third time the justice department has secured convictions for the january 6th attack. >> our work will continue. >> what do these convictions mean for a potential prosecution of donald trump for his role in trying to overturn the 2020 election. i'll talk to former arkansas governor asa hutchinson who is challenging trump for the republican nomination. joining me for insight and analysis are. nbc news senior capitol hill correspondent garrett haake. >> mark leibovich of the atlantic and republican strategist sara fagan. welcome to sunday. it's "meet the press". >> from nbc news in washington, the longest-running show in television history, this is "meet the press" with chuck todd. >>> good sunday morning. before we get to politics, it's another shooting. at least eight people are dead including children after a gunman opened fire at a suburban outlet mall in allen, texas, not far from dallas before th

one thing hakeem jeffries told me there is nothing in the bill for them.ot one thing in the bill for democrats. >> i have no idea what he is talking about. i have not been able to review the actual legislative text. >> there have been some rumblings that president biden would be addressing the nation after he spoke with house speaker mccarthy. that has not happened yet. we have not seen the text of the agreement. i do see the marine sergeant still posted in front of the west wing which means a president is in the oval office and we are told he is speaking with leaders right now. jon: you would like to be in the air on those conversations. thank you. >> indeed. >> not everyone is on board with this deal in washington as you just heard. south carolina republished congressman says this deal is insanity. a $4 trillion debt ceiling increase with no cuts is not what we agreed to. not to vote to bankrupt our country. the american people deserve better. he joins us now. having that phone call last night with members of your caucus. did he do a good job of trying t

we can get together yesterday withfr aforementioned leader hakeem jeffries and thought about not only the need to protect social security but to expand its benefits and expand the service of the social security administration. social security is the most efficient and effective plan in government. it is also the number one anti-poverty program for the elderly and the number one anti-poverty program that i come from an insurance area social security is able to administer the program with what is called and 99% loss ratio at what does that? what that means is they are able to administer social security with less than 1% of the budget. there's no other governmental agency that does that, and it's because they get the money out. they need more support and more help, not less. because they are the number one insurance program in the nation that provides relief toes people like yourself. >> host: let's go to kansas city, missouri, now. paul is on the republican line. what is your question or commen comment? >> caller: thank you forvi your service. corporate tax can we get corporate tax rece

hakeem, joe, terry, jamie, camilla, robert, fredricka, bill, mark, lucy, veronica, maxine, melanie, eric, deborah, grace, and the list goes on. we have been through so much over the years, and i will always cherish our friendship. i know we will continue to stay close even after i leave washington d.c. let me say a special word about two colleagues, speaker emeritus nancy pelosi and congressman delauro. i will forever remain in awe of her genius and extraordinary leadership and all of the kindness she has shown me over the years. she has been a powerful ally in all of my biggest priorities during my time in congress. thank you, speaker pelosi, for the honor of serving as an impeachment manager to defend our democracy. and to rosa delauro, you have been my mentor, my friend and inspiration. you have set a standard for all of us of hard work and deep commitment on every important issue facing our country. at every single moment i have turned to you for advice or support or help of any kind, you have been there. you have been like a sister to me, and our friendship will endure forever. in f

the white house, president biden met with top congressional leaders, house speaker kevin mccarthy, hakeem jeffries, senate majority leader chuck schumer and senate minority leader mitch mcconnell, to discuss the approaching deadline to raise the debt them. following the meeting, they spoke to reporters about their differences on the issue. president biden made remarks and took questions, saying that defaulting is not an option. >> i got you. >> the bottom line is very simple. there are large differences between the parties, you can look at what president biden had proposed and you look at what he could mccarthy has proposed, they are very very different. we can try to come together on those. in a budget and appropriations process. but to use the risk of default with all of the dangers that has for the american people as a hostage and say that it is my way or the no way, -- the highway, or mostly my way out or no way out is dangerous. we again pleaded with speaker mccarthy, resume negotiations in the budget process and the appropriations process, where we have lived it -- legitimate differ

hakeem jeffries is the leader of the democrats. i respect him greatly. we meet almost every week that we are in session i try to get together with him. i call him when we are out sometimes. we are not going to agree, but i think it's responsible that we talk with each other. we have to have that communication. i like the relationship that we have. he can tell me where things are wrong, we talk about ways we can move forward. if you truly believe the debt ceiling is as important as i think it is, why would you go silent for 97 days? why would you tell me one thing that we are going to meet and then not? you got a haircut, looks good. [indiscernible] you have to ask him that question. do you think he does? reporter: i don't know. speaker mccarthy: do you think? you asked the question. that would have never come to my mind. you must think that. reporter: based off what you just said you're angry -- speaker mccarthy: i'm not angry. wouldn't you think that would be wrong or should he have met with me? i'm asking you back. i know you wrote about this. so you m

one thing hakeem told me, there is nothing in the bill for them. not one thing in the bill for democrats. >> shannon: i don't know if that will persuade them to join him or you. we will talk to one of them next. you talked about getting back to regular order and 12 propofol bills, carrot and stick situation to get people to do that. are you worried your caucus will be ticked about how this went down and will not have their support when you need it? >> speaker mccarthy: not at all. parents bill of rights, lifted the debt ceiling, what we put in and want to change in washington is washington of old, they wouldn't pass aprope riations bill, they would send before christmas and have you vote on it, that all changed. inside this bill is provision, if congress does not do their work and pass all 12 apropriation bill, continuing resolution goes in and cuts across the board, give incentive to do the job, have the american people have a say and check and balance and have consequences for lack of action by congress. it is a new day in congress, new majority

. >> house minority leader hakeem jeffries talked about the debt ceiling negotiations saying that presidentthanking president biden for his efforts to reach agreement at responding to objections from progressives who were against some parts of the legislation. >> afternoon everybody. that be just first again stressed my appreciation to president biden -- let me just again stressed my appreciation to president biden to -- for arriving at a resolution that allows us to do three important things. he has avoided a catastrophic develop. which would have crashed the economy and hurt millions of everyday americans. second, president biden has arrived at a resolution that will suspend the debt ceiling for at least two years. and avoid a hostagetaking situation for the balance of the 118th congress. third, president biden has arrived at a resolution which protects incredibly important democratic interests. the resolution protects social security, medicare, medicaid. protects veterans. protects the clean energy tax credits. protects the american people from the draconian cuts which were included in t

>> i think, listen, joe biden and nancy pelosi and hakeem jeffries who's, obviously, new to the job,eople talk about speaker of the house, they're still saying hakeem jeffries and nancy pelosi is. i think it will get there. arkansas, for instance, was a tate that implemented these work requirements for medicaid, and it was an absolute disaster. and to the point that joe biden was talking about, lots of poor people ended up losing their health care. gerry: lee, very quickly, kevin mccarthy has managed to get this through so far. we'll see what the final deal will be. are you confident with that very small majority he'll be able to to get a deal done? >> if you compromise too much, then you end up with the decision that every speaker has to make whether it's republican or democrat, does a majority of your majority if support it, that's one rule. i think that might have been been called the hastert rule back in the day -- >> can we talk about hastert? [laughter] >> you have the majority of the majority -- gerry: witness protection program. [laughter] >> pelosi wouldn't bring a bill to t

one is the idea that hakeem jeffries is open to freezing spending. i don't know the time period.o you feel about that? >> look, i think we're in real trouble here. more trouble than most people realize. because the one thing to keep in mind, all the republicans talk about having a plan. they have yet to specifically identified anything that they would cut. the plan that they passed has a generic -- they freeze it at fy-22 levels. they freeze the discretionary portion of the budget. they don't touch anything in the mandatory budget, which is like $4.5 trillion. we're down to 1.7. when we talk about that discretionary portion, they're going to increase that. they're talking about veterans. won't cut that. won't cut department of homeland security. even the republicans for their brave talk about the spending problem in d.c., to date they will not identify a single specific program that they would cut. so how are we going to resolve this -- >> if you do limit spending increases 2%, you're cutting some stuff by virtual of the fact that inflation is running almost triple that. that doe

we are still to this day so proud to have cast 3,179 votes for hakeem jeffries for speaker. but today let me start off with what we know. it's been nearly three months since president biden released his budget, his vision on how we can invest in the american people and at the same time reduce our deficit. and every day since that is been democrats and the president who have been fighting on the side of the american people. it is democrats who have been the adults in the room. it is democrats who prioritized americans over political gamesmanship. it's democrats who opposed this maga hostage situation. it's democrats who have always been clear we will not allow this country to suffer a devastating default. the question is whether republicans today will decide to join us and do the right thing. this is a deal that speaker mccarthy negotiated when his predecessor negotiated an agreement on the debt ceiling, she guaranteed the votes from the vast majority of her caucus. nobody is mistaking speaker mccarthy for speaker pelosi. he should be able to do what he's going to do and prod

>> house minority leader hakeem jeffries also talked about the debt ceiling negotiations and thanked president biden for his efforts to reach an agreement and responded to objections from house progressives who are against some parts of the legislation. >> good afternoon everybody. let me first begin by expressing my appreciation to president biden. for arriving at a resolution that does three important things. first president biden has avoided a catastrophic default. which would hurt millions of everyday americans. second, president biden has arrived at a resolution that would suspend the debt ceiling for at least two years. and avoid a hostage taking situation for the balance of the 118th congress. third, president biden has arrived at a resolution that protects incredibly important democratic interests. the resolution reached by president biden protects those securities. it protects medicare, medicaid, veterans, the clean energy tax credit, the american people from the type of draconian cuts that were included in the extreme maga republican default on america act and it protects v

and how good a vote counter is hakeem jeffries? we don't know.sked the speaker a few minutes ago, have you communicated yet with hakeem jeffries, indicated no, he's not. again, you get pen to paper, you get the deal. i talked to somebody last night, you know, close to the whip operation on the republican side of the aisle, if we can do that remotely, but it's going to be a little hard unless you have people there. and inevitably, neil, you always get toward the end on a big deal like this and there is some hiccup. we don't know what the issue was, the ethanol question a couple of weeks ago and the republicans tried to move the bill through the house and you could have a hiccup and that will slow everything down. neil: got it, my friend. they respect you and it shows, thank you for that. >> thank you. neil: want to go to ted weissberg, on the markets, a a iconic figure. and after a failed house vote on tarp, the asset relief program. that caused them to rush back and vote on it again and pass it and the irony was the market would continue careenin

congressman donald, hakeem jeffries, he had some words about so-called maga republicans apparently are the problem. let's listen to what hakeem jeffries had to say. >> we're not interested in political gainsmanship we're interested in avoiding a catastrophic default. unfortunately you have far too many extreme maga republicans here playing an inside game as opposed to doing what is right for the american people. >> it's the evil extreme maga republicans congressman donald. i mean, wow. >> look, i completely disagree with hakeem except for the fact that he seems kind of happy with this deal like i said earlier. he's not arguing against the deal. because let's be clear it keeps all the democrat policies, all the woke agencies not securing the board, the inflakes reduction act which is a threat to our grid. we're going to have to borrow another four billion. he can say all he wants about maga republicans but let's be serious about this maga republicans are the only people talking about systemic ways about getting our nation's spending under control. we are going to have do that here in wa

. >> hakeem jefferys today advocated that his members sign a discharge petition. they could go around the speaker and put a debt ceiling bill on the floor if they get 218 votes. but gop members are not expected to sign. neil? >> neil: bottom line, chad, even if they strike a deal this hour, there's a process to go through. that takes time, right? >> it would probably take through the weekend to get this in to legislative form. kevin mccarthy, the house speaker says he will adhere to what they call the 72-hour rule for members to digest this. that takes you in to the middle of next week or next weekend and the senate probably a week. that gets us in to the first week of june. >> neil: thank you. chad pergram. let's go to jacqui heinrich. the president says he's traveling but monitoring events and day by day, minute by minute. what's the latest, jacqui? >> yeah, monitoring minute by minute and talking to his team at the white house and talking to mccarthy's team. congressional democrats are wondering, what piece of this are they going to be hearing about? the presid

hakeem and i are committed to trying to get that bipartisan bill done. mr. jeffries: it was a positive meeting. i thank the president for once again convening us. it was an open and honest, but a very cordial do discussion. we all agree that the only path forward is to reach a bipartisan agreement anchored in common ground. we all agree that default is not an acceptable option and must be avoided. and we all agreed that over the next few week we was to proceed with the fierce urgency of now in order to make sure we can reach that bipartisan commonsense, common ground agreement so we can protect the health and safety and economic well being of the american people. [inaudible] senator schumer: we're not going to get into negotiations out here. we have to come to common ground. that's the only way this has gotten done. it's never gotten done with one party say, we have to do it my way. reporter: how will you find common ground? senator schumer: you'll know it when you see it. what that means is we will not sacrifice our values, they probably won't sacrifice the

don't go far away. >>> joining us now, the house democratic leader, hakeem jeffries.hank you so much for joining us. we're only a few days away from june 5th right now. that's the new date that the treasury secretary, janet yellen, says the u.s. will run out of money to pay its debts, causing what economists say would be a totally catastrophic default. where do these negotiations, from your perspective, stand right now? >> good evening, wolf. great to be with you. we certainly are only a few days away from this manufactured default crisis, which is very real right now. we shouldn't be in this situation, because america should always pay our bills and do it the in had a manner consistent with what has been done under democratic presidents and republican presidents without partisanship. we are in this place now, thankful for president biden and his team of designees who are working hard to avoid a default in the face of a group of individuals, some of whom clearly would take the position that blowing up the economy, crashing it, and triggering a recession apparently the