neil: we will talk to jean sperling, economic advisor to this president. he was there with bill clinton, during the government shutdown in 1995. what we learned from that, some say politically democrats get the upper hand in these things. aishah hasnie is gearing up for what could be a prolonged battle back-and-forth on this for many months. they got ways to get around that for some time. >> reporter: we expect for this summer, what people are predicting, the congress has to figure something out. we are watching this debt ceiling battle amp up the day after day after day. kevin mccarthy wants to talk to democrats, with the president, to come up with a plan now, today, to increase the debt limit while also balancing the that's the kicker. this is one of the concessions made with conservative hardliners to get speakers to the gavel. they want to use the debt ceiling to leverage spending cuts. republicans increased the debt limit before under donald trump. mccarthy says that is different. they were not the ones running up discretionary spending like democrats

other names are like jean sperling, who held that job and past administrations.he moment, it seems like lael brainard is on the top of the shortlist. interesting, the next question will be, so she takes this job, who becomes the number two at the fed and what shortlist i were looking at their, and who do you think they can get confirmed for the senate? guy: this creates an interesting situation. it makes the fed feel more political. am i reading this wrong? annmarie: i don't think so but lael brainard is respected as an economist on both sides of the aisle, but to think she is not political before she went into the fed is almost naÏve of some people. this is an individual who was on the shortlist to be the treasury secretary under the biden administration. that's political. she worked under the obama administration at treasury. she was the deputy director of nec under the clinton administration and worked in the treasury under clinton. there was pushback from republicans when she was on the fed. she gave a donation, a pretty small amount, but she did give a donat

and i think at this moment, yes, these names you are reading out, jean sperling, his third time doingjob, these are political names. but i think there is a lot in her that biden feels like he could talk about her in a bipartisanship way because she is an economist. tom: right now, we are misty eyed. and with annmarie we welcome a new offspring to our washington horde. we are pleased to mention the issuance of edward hated shirley. -- hayden shirley. all is healthy and wonderful. the child is immediately buried to the left in the incubator there and needs to be understood that we are fair and balanced here. we need some lessons here for our more balanced edward hayden. annmarie: he is very cute and congratulations over to matt and britney. i can't wait for him to start booking guests. tom: exactly come out what you think, six months? annmarie: get him a bloomberg terminal. tom: we can do that, in his crib. thank you so much, really important. lisa, i think you are right here about the unusualness. i have never heard of this. lisa: especially in this moment. we have been talking about t