mccarthy's being.onald reagan said debt ceiling brinksmanship threatens the holders of government bonds and those who rely on social security and veterans benefits. the united states has a special responsibility to itself and the world to meet its obligation. speaker mccarthy, you said you want to go to the stock exchange as reagan did will listen to what he said. listen to what he said and despite the speakers concerned about costs, nothing would do more to raise costs for american families than it on necessary republican default crisis. speaker mccarthy should know with that when you insist on attaching things to the debt ceiling, something president trump never did in which republicans under trump never did, you risk a catastrophic default. speaker mccarthy insists on cuts there is a time to discuss what kind of cut oaks are looking for what taxes they want to raise. it is called a budget. it should not be part of this conversation. that kind of discussion belongs in the discussion about the budget

speaker mccarthy insists on cuts. there is a time to discuss what cuts folks are looking for and taxes they want to raise. it is called the budget. it shouldn't be part of this conversation. that kind of discussion belongs in a discussion about the budget, not as a edition for of -- precondition for avoiding default. today after countless rests, speaker -- requests, speaker mccarthy has yet to produce any concrete plan. one that details specific cuts he wants and has the support of 218 republicans in the house. democrats have called on speaker mccarthy over and over and over to show us your plan. i think you have heard me say that before. what we got today was not a plan, it was a recycled pile of the same things he has been saying for mom's. none of which has moved the ball forward an inch. when i say us, i don't mean me, senate democrats, or even his own party, i mean the american people. americans deserve to know what he was to cut, when, and by how much. if you talk about because, you have an obligation to say wha

mccarthy: there is no need for retaliation. at no time, i am the speaker of the house, there is no place that china is going to tell me where i can go or who i can speak to. i am not the general manager of the houston rockets. we are united in the same approach on both sides. we are going to speak with one voice when it comes to china or any others. one of michael's speaker is to take -- one of my goals as speaker is to take away things that are partisan. when it comes to peace, freedom and democracy, i think that unites us. when we watch what is happening in the world today, i think back to what the lawmakers could have done then that that never took place in the 30's. today we want to make sure we have peace in the future. i think it is fitting that you are here at ronald reagan's library. he advocated peace and he found a way to do it. china should not fear, china should engage with us. congress has a responsibility to speak with one voice and we are doing that. reporter: mr. speaker, on behalf of the traveling press pool, t

mccarthy: thank you david. and he's one week on the job and he already brought us together bipartisan well done. look forward to much more greatness there no better place to be seated today and to the members behind me. thank you for coming. and if you notice it's not members of one party, we're here united together and a very important issue. i want to thank all of you for being here as well. it's great to be joined by so president reagan's commitment to the people of taiwan. his six assurances serves as the backbone of our relationship with the people of taiwan. the members here today made clear we take our support for the people of taiwan seriously. and we are determined to speak with one voice. the relationship between the people of the united states and taiwan have never been stronger in my lifetime. we had a very productive discussion with the president of taiwan today. we covered the plans to further our bonds. it is clear there are several actions that are necessary. first, we must continue the arms sal

a boy it mccarthy spoke to reporters -- big -- a bouyant mccarthy. >> the president can no longer ignore and not negotiate. laura: republicans hope the bill's passing will increase pressure on the president to meet with the speaker, but senate democrats made clear speaker mccarthy's bill is dead on arrival in the upper chamber and when asked by reporters if he would negotiate with mccarthy over the debt limit, president biden did not budge. >> having a meeting with leader mccarthy but not on if the debt limit gets extended. that is not negotiable. laura: joining us to discuss this and more, the chief correspondent at the washington post, john bresnahan, mario parker, the white house and politics editor for bloomberg news, and melanie zanona, capitol hill reporter for cnn. thank you for being here. i think it is important first to establish the stakes for this convertion. if the country defaults on its debt, here is what would happen -- we would quickly lose about one million jobs. there's a possibility of a recession. the credit rating for the country tanks, which would be followed by in

>> mccarthy? >> -- on mccarthy, but not on whether or not but that limit has been extended. that's not negotiable. i noticed a quote reagan, and they quote reagan all the time, and i quote trump. both of which said, and i'm paraphrasing, it would be an absolute crime to not extend that that limit. >> that two sides have about six weeks to come together on raising that nations that limit. this morning, we want to get your reaction to republicans approving their plan yesterday in the house, 217 to 215. the magic number was 217 because three lawmakers were not present for the vote. kevin mccarthy, republican leader, could only afford to lose for. and he did. these four republicans did not vote for the bill. they joined all the democrats in opposition. representative tim bertrand of tennessee, matt gates of florida, representative ken buck of colorado, and hand the bags of arizona. sandy in silver spring, maryland, democratic color. you're up first. what do you think? what happens next, sandy? >> well, i think kevin mccarthy should be vacated and i think his two little under the

mccarthy saying i'm not going to reopen this bill. in the midwest, iowa and minnesota, a lot of these guys are nervous about the biofuels tax credit being repealed and how that looks. they are trying to see if they can give them something like an amendment or some kind of vote later on that would restore some of this to help them go back and save face. they hope to vote on wednesday or thursday but right now they are still short. lisa: scott, i'm going to ask you to ask you two questions at once.what does mccarthy want and how big of a fall if he can't get the vote next week? scott: he's trying to drive president biden to the negotiating table. president biden has been able to hang back and not participate, not invite mccarthy over these talks because republicans have been fighting amongst themselves about what types of spending cuts they want to attach this debt ceiling bill. the democrat, the white house, president bidefeel they are in a superior negotiating position. we will see in this coming week whether mccarthy can get to 218,

mccarthy wants to get it done now. he knows it will be a long process to get through the senate, possibly come back to the house for another vote, then have the president signed legislation. this will not be something that happens in a month. it will probably go until july. host: this is george in kentucky on the democrats line. you are speaking with daniella diaz, a reporter from "politic " ." caller: good morning. this -- what i see is a complete -- i see this thing as a complete sham. they are completely disingenuous. they've done this since 1960 on. the gop house reps, senders and presidents have all outspent their democratic counterparts by a dramatic amount. the annual budget deficit and the overall national debt has increased dramatically more under the gop leadership than the democratic party. but they started hauling in a social -- holding any social spending whatsoever, everything, hostage to the debt ceiling in 2012. i think that newt gingrich's ideology was behind this. they have been against public sector

speaker mccarthy, show us your plan. president biden and i are happy to meet with speaker mccarthy when he has something to talk about, a plan. most democratic leaders are but we need to see his plan first so we can start from there and work to avoid catastrophic default altogether. if we go to meetings without something having a plan, what are we going to do? talk about the furniture, the weather? finally speaker mccarthy today quoted a great yankee, the great babe ruth saying, quote, you just can't beat the person who never gives up. first, speaker mccarthy, don't quote a yankee to me in new york city. second, the speaker is right. he's never given up. however, that's only because he's never started. no plan, no progress, no persistence. so to make sense of today's speech, i think it was another great yankee, the great number eight, yogi berra who hit the nail on the head. it's deja vu all over again, yogi said t. applies exactly to speaker mccarthy's speech today. no plan, no progress, nothing. speaker mccarthy, show

and we sit down with _ mccarthy in california. and we sit down with the _ mccarthy in california.nd we sit down with the head - mccarthy in california. and we sit down with the head of - mccarthy in california. and we sit down with the head of the l sit down with the head of the sri lankan airlines as the state carrier looks to privatise the burden on the economy. hello and welcome to asia business report. i'm karishma vaswani. our top story is 90. china has a resolute response between a high—level meeting between the taiwanese president and house speaker kevin mccarthy. a sports person for the chinese foreign ministry accused washington of colluding with taiwan especially over the heat sue of arms sales. mr mccarthy said us must strengthen economic situations with the island. whether it's our deep commercial ties, strong people to people relationships and shared values. our cooperation with the people of taiwan continue to expand through dialogue and exchange. mr mccarthy is the most senior us figurative meet with the time leader on us soil since 1979. despite the rhetoric, taiwa

and i hope mccarthy gets some agreement from him. i don't think there's a chance that the debt ceiling won't ultimately be raised. >> neil: we hope cooler heads prevail. the debt did increase under ronald reagan. having said that, art, i'm curious where you see this going. because right now the two sides are not talking to each other. then't and able to hammer out an accor security. i can not see that happening in this environment. what do you think? >> well, i think reagan and tip o'neal did get along at least on a policy level to make things happen. that is true. this administration so far with kevin mccarthy has not done that. i can easily imagine biden coming through and negotiating with mccarthy on several issues like work fair and some of the other things. that would be great -- >> neil: but it wouldn't be tied to raising the debt ceiling? >> it should be. >> neil: or like barack obama did with republicans in 2011? >> either way, whether it's tied directly or whether it's a separate event that is greed upon. you'll get the same

mr mccarthy is the most senior _ exchange. mr mccarthy is the most senior us _ exchange. is the most senior us figure - exchange. mr mccarthy is the most senior us figure to - exchange. mr mccarthy is the | most senior us figure to meet with the taiwanese figure on american soil since 1979. despite the rhetoric, taiwanese firms to big business with both china and the united states. china and the united states. china is taiwan's largest trading partner. earlyi china is taiwan's largest trading partner. early i spoke with the director of geoeconomics from the wilson centre and she explained how geopolitical tensions could affect taiwanese businesses. 50 affect taiwanese businesses. so the affect taiwanese businesses. sr the mccarthy meeting that has happened in california today, as well as the nancy pelosi visit to taiwan last summer, these are efforts to actually avoid confrontation between taiwan and china. to say that the united states is going to come to the defence of taiwan should china take action. some would argue that this is not necessarily going to be an effectiv

and we sit down with _ mccarthy in california. and we sit down with the _ mccarthy in california.fornia. and we sit down with the head of the l sit down with the head of the sri lankan airlines as the state carrier looks to privatise the burden on the economy. hello and welcome to asia business report. i'm karishma vaswani. our top story is 90. china has a resolute response between a high—level meeting between the taiwanese president and house speaker kevin mccarthy. a sports person

either it would be biden or mccarthy. was in sales and marketing for 25 years, somewhat successful over the years. i found out when i sat with my potential client, if i heard -- not listened, but heard what that person was saying to me, and if they heard, not listened to me, but heard me say what i was saying, we got together, finally. we worked out a proposal that made both of us successful. neither one of these two are willing to do that. neither one of them are willing to sit down at a table and say, what do you want now? here is what i want, let us get together. it is a matter of good old-fashioned salesmanship, thank you for taking my call. host: tom in south carolina, let us go to santa rosa, california. arnold, you say mccarthy and republicans are most to blame. host: yes. i did call on that line. but what i realizes it is the american people. if we want representatives to do anything, we need to represent ourselves. i do not know if there was a -- one of the earlier things i heard on c-span, but all of this is on

the mccarthy — taiwanese businesses. the mccarthy meeting - taiwanese businesses.ting that taiwanese businesses. tte: mccarthy meeting that has happened in california today as well as the nancy pelosi visit to taiwan last summer, these are efforts to actually avoid confrontation between taiwan and china. to say that the united states is going to be coming to the defence of taiwan should china take action. somewhat argue that this is not necessarily going to be an effective way to keep china away from taiwan and it's actually deliberately provoking the tiger so to speak but others would argue that this is actually a very effective deterrence mechanism. for the business community, what is happening is there are a contingency plans already and place. of course a big taiwanese semiconductor manufacturer is manufacturing more in the united states and other countries as well but we also see that there are efforts for taiwan itself to be more resilient and also to diversify its own industrial base as well. one thing i do want to point out is that taiwan does have great fa

either it would be biden or mccarthy. was in sales and marketing for 25 years, somewhat successful over the years. i found out when i sat with my potential client, if i heard -- not listened, but heard what that person was saying to me, and if they heard, not listened to me, but heard me say what i was saying, we got together, finally. we worked out a proposal that made both of us successful. neither one of these two are willing to do that. neither one of them are willing to sit down at a table and say, what do you want now? here is what i want, let us get together. it is a matter of good old-fashioned salesmanship, thank you for taking my call. host: tom in south carolina, let us go to santa rosa, california. arnold, you say mccarthy and republicans are most to blame. host: yes. i did call on that line. but what i realizes it is the american people. if we want representatives to do anything, we need to represent ourselves. i do not know if there was a -- one of the earlier things i heard on c-span, but all of this is on

i will talk with nancy mace who backed mccarthy's bill. hear why she just earlier today said she was going to vote no but she changed it to a yes. >>> tonight, why the walt disney corporation is suing ron desantis. any of five mercededes-benz electric vehicles. including two years complimementary charging and pre-paid maintenance. the vehicles are all electric. the feeling is all mercedes. the choice is all yours. but hurry, these dream days are only here until june 5th. i have moderate to severe crohn's disease. now, there's skyrizi. ♪ things are looking up ♪ ♪ i've got symptom relief ♪ ♪ control of my crohn's means everything to me. ♪ ♪ ♪ control is everything to me. ♪ feel significant symptom relief with skyrizi, including less abdominal pain and fewer bowel movements at 4 weeks. skyrizi is the first and only il-23 inhibitor for crohn's that can deliver both clinical remission and endoscopic improvement. the majority of people on skyrizi achieved long lasting remission at 1 year. serious allergic reactions and an increased risk of infec

and china, speaker mccarthy meeting with the leader of taiwan yesterday and china responded with somement right now as to where things stand with the relationship between washington and beijing >> when i start in washington and say how refreshing it is to see the word bipartisan is in the context of foreign policy. this really was a bipartisan event. the iconography of it at the reagan presidential library, you saw beautiful shots there it was perfectly staged and you see madam tsai, the president of taiwan. i know her ferruly well, extremely capable and strategic thinker. this could not have come off better in terms of projecting the stage that stands together as we look at a foreign policy challenge. in terms of what happened next, jonathan, i'm not believing we're going to see a real spike of activity from china if you recall the pelosi visit, that was pretty dramatic we had missiles, a blockade around taiwan. don't look for that right now. and the reason is not that president xi is suddenly more friendly or thoughtful or more balanced it's because he's trying to get his economy mo

mccarthy: thank you. everybody can hear me ok it sounds like.

kevin mccarthy. the 1st meeting of this kind in the united states for decades, the face to face outside los angeles comes on what is technically a stop over for the president kevin mccarthy's position as how speaker makes them number 3 and the u. s. political hierarchy, and therefore the most senior american figure to meet a taiwanese leader on us soil since 1979. the trip comes despite warnings from china. a jane claims the self ruled island of taiwan as its own and resents what it sees as us meddling in its domestic affairs. at the beginning of the talk speaker mccarthy talked about his hopes for the meeting. a few offers he w. a correspondent ship and the month joins us from washington with more 7. this is an important visit to the us. walk us through the details of the meeting, taking place right now in california. well this meeting is about to wrap up and the we're expecting the a press conference of the president of taiwan and how speaker mccarthy, in just a few moments. however, this all start

on talks to raise the debt ceiling. >> meet with mccarthy? >> happy to meet with mccarthy but not on whether or not the debt limit gets extended. that's not negotiable. >> one thing we know, no meeting has happened tonight and house speaker was not invited to tonight's state dinner despite attending the last one and president biden continues talks with south korean president indian on new agreement countering north korea's threat, which includes a promise from president bide than if kim jong-un launches a nuclear attack, the united states will respond with their own nuclear arsenal, bret. >> bret: set yum for the stake dinner there for your rivals. the president took a few questions and we always know now that this president has a list. list of who he'll call on and maybe the order but today seemed like he had a heads up on what the question would be. >> in his hand, the name outlet and question from that la times reporter which reads how are you squaring your domestic priorities like re-shoring semiconductors will alliance-based foreign poli

what does sorry we're expect from the meeting room speaker mccarthy. so we have to know that this is likely going to be the last trip that she is going to make to the us as a sitting time when he's president. so for her is definitely a great way to conclude a 7 year presidency where we see a huge deepened and also elevated exchanges between taiwan and the united states. most of the experts would agree that under time wins leadership time, once government has earned a lot more trust from washington and also help to shape this a bipartisan consensus in capitol hill that agrees the more support in also more engagement with time. one is in the interest of the united states and at the same time, this is also just bringing an offering time when a lot more room to engage with other countries like lithuania and european countries, where the united states is clearly encouraging countries to engage with time one in different fronts and in different ways. so i think overall this is in an occasion for tying when to basically conclude and also celebrate. but at the

should the meeting with mccarthy go ahead. one of them to me, we are just the us to abide by the one china principal. not to allow sy england to transit in the us and not to arrange meetings between sy, any with officials. whitney dynamic closely followed the developments and defend it some empty and added to their integrity. how weak, what actual can willing to handle. meanwhile, across the straits in taipei, this is what taiwanese was saying. again with china will definitely get angry and react, but we are used to this, so it's fine. don't got it though air if i, you know, i think the taiwanese aren't bothered by china's reactions. as i was walking earlier, some news about china came out, but i think the taiwanese are pretty used to this regarding size diplomacy efforts . i think they're helpful for tie ones, visibility, or even somebody did a harm wooten basically, i think we shouldn't let too many countries participate in these affairs because in the end it would be better if taiwan and china resolved cross street relation

mccarthy stressed the need to speed up arms deliveries to taiwan.na — which has long considered taiwan as part of its country — denounced the meeting, accusing the us of seeking taiwanese independence. it comes on the heels of other high profile summits, including then—speaker of the house nancy pelosi's trip to taiwan last year. speaking after the meeting, mccarthy responded to warnings from china of escalating tensions. my my first message to china, there is no need for retaliation but the one thing they would say to china too, i am the speaker of the house. there is no place that china is going to tell me where ray can going to tell me where ray can go or who are can speak to whether you be faux or whether you be friend. the california visit is not the first stop on president tsai's trip. last week, she flew to new york where she met with three us senators. tsai then made her way to central america for official visits to guatemala and belize, two of taiwan's few allies on the world stage. and on her way back, her last stop was today's meeting wit

what's the message mccarthy is trying to send? >> it's a support for taiwan from both sides of the aisle. mccarthy a republican shared much of the spotlight. he emphasized this meeting was a bipartisan effort by congress. the event was carefully planned to try not to provoke china too much. it was held here in mccarthy's home state of california and not in taiwan. officials framed it as taking place just because tsai happened to be in the region, but it comes amid bigger changes. congress is taking an increasingly tough approach on china, and this signaled they're more supportive of taiwan. >> tell us about the meeting. >> the white house is trying to down-play things. it doesn't want china to respond like it did last summer. the country conducted an exercise near taiwan after the previous house speaker visited taipei. the biden administration points out tsai has had similar stop overs and met lawmakers in the u.s. multiple times before, but of course there was a big difference this time. i asked the white house about this this we

how speaker kevin mccarthy. the 1st meeting of its kind in the united states for decades, the face to face outside los angel's comes on. what is technically a stop over for the president kevin mccarthy's position is how speaker makes him number 3 and he was political hierarchy. therefore, the most senior american figured to meet the taiwanese leader on us soil since $979.00. the trip comes to spite warnings from china, beijing claim self ruled, ty one as its own, and resents what it sees as us meddling in this domestic affairs. for chad shun, yea, is g w's correspondent, the taiwanese capital, taipei. i asked for earlier how important this meeting is for the island? yes she now and this historic meeting is regarded as new milestone for you asked taiwan relations like usually i tie in one is the 1st ever how on these preston to meet the number 3 in us politics on you asked soil and of the mccarthy wrote in a tweet after the meeting and he wrote court of friendship between america and the people of taiwan has neve

kevin mccarthy is position as how speaker makes him number 3 in the u. s. political hierarchy, and therefore the most senior american figure to meet a taiwanese leader on us soil since $978.00. the trip comes despite warnings from china, asian claim self would taiwan as its own, and resents what it sees as us meddling in its demoss affairs. at the end of the talks presence i and speaker mccarthy gave these statements. taiwan is a successful democracy. thrive in economy and a global leader in health and science and whether it's our deep commercial ties. strong people to people, relationships or shared values or cooperation with the people of taiwan. continue to expand through dialogue and exchange with sunder when we are together i one strives to be liable on to the wow. that cornerstone for stability in the region and a force focus. our correspondence stephan simons is following the story from washington d. c. he sent us this assessment, the meeting between how speaker kevin mccarthy and the taiwanese president was of utmost importance predominantly for

these political stunts you are seeing from speaker mccarthy and maga wing will have. they can easily do immediately. putting a piece of legislation on the floor to deal with not defaulting. this is their constitutional duty. we should not have to negotiate on this or doing this with conditions. they were able to do this three times over the republican administration. the responsibility to make sure that we do not default sits in the hands of congress and right now, it is speaker mccarthy and the maga wing of the republican conference. it is up to them to get this done. they are wasting time. and i have already laid out what they did propose, how much that is going to hurt american families who are trying to -- you have to finish what he said, the statement that he made is show me your budget and i'll show you what you value. and by looking at this blew print and the plan they are showing their values. [indiscernible question] karine: this is a constitutional duty and speaker mccarthy is playing games and wasting the time. this is a political stunt and he has to act. h

since two months that he would sit down with speaker mccarthy and me and refused to do that. you have a growing drumbeat of democrats saying it is time to sit down with speaker mccarthy. the country knows we can't stay on this unsustainable path. house republicans are. that starts this week. we will be happy to take some questions. [indiscernible question] mr. scalise: there has been a lot of hard work that has gone into how best to start this negotiation. speaker mccarthy over two months ago did get the opportunity to sit down with president biden and it would be easier if democrats were part of this conversation. the american people have been part of this. they figure out how to make ends meet with the dollars they take in. this federal government when pelosi and schumer were running us, for every $100 that comes in the government is spending $129. you can't keep doing that. we would really like it if president biden was sitting at the table with the speaker and say we will come up with ideas. they said we aren't going to run out the clock. this represents a lot of good ide

how speaker kevin mccarthy. first meeting of its kind in the united states for decades, the face to face outside los angeles comes on what is technically a stop over for the president kevin mccarthy's position as how speaker makes him number 3 in the u. s. political hierarchy, and therefore the most senior american figured to meet a taiwanese leader on us soil since 1979. the trip comes to spite warnings from china, beijing claim, self rude, ty one as its own and residence, and resents what it sees as us meddling in its domestic affairs. let's go over to the w corresponded chechnya in ty, one's capital, tie pain, welcome. so taiwan has been diplomatically isolated for decades. now. what does this meeting mean for taiwan? and yes, she now and this historic meetin is regarded as new milestone for you asked taiwan relations like you say, tying one is the 1st ever how on these preston to meet the number free in us politics on you asked soil and it was a mccarthy wrote in a tweet after le meeting, and he wrote quote

should the meeting with mccarthy go ahead woman than to me. we are just for you guys to abide by to one china principal. not to allow sy england to transit in the us and not to arrange meetings between 5 and he, with officials, with me, china very closely followed the developments and defend it. some empty entered into their integrity. how weak or dr. glen pulling to enter. meanwhile, across the street in taipei, this is what taiwanese were saying, hemingway, china will definitely get angry and react, but we're used to this vote, fight down. got it at the air. if i in order, i think the taiwanese aren't bothered by china's reactions. as i was walking earlier, some news about china came out, but i think the taiwanese are pretty used to this regarding size diplomacy efforts . i think they're helpful for tie ones visibility. it's even some wasn't given harm, which is basically i think we shouldn't let too many countries participate in these affairs because in the end it would be better if taiwan and china resolve cross street relations themselves

mccarthy has been asking joe biden to meet for months on this. he had a first meeting with president biden at the white house in january after he won the speakership. president biden said at the national prayer breakfast that he was interesting in having a second meeting. that has not happened. now, it will be interesting to see what the white house does in response to this. their negotiation has been we don't want any strings attached at all. mccarthy has offered this plan to lift the debt ceiling with some strings attached when it comes to spending. president biden has said that he's a bipartisan guy. he wants to work with republicans. this seems like a good deal for the white house given that a lot of republicans don't want to vote for more spending given the country is reaching $32 trillion debt and climbing and inflation threatening to stay high. >> and the pushback from democrats against mccarthy's plan is they say it targets the most vulnerable americans, the elderly, the young with snap cuts, things like food assistance cuts. what do you

kevin mccarthy. thank you so much and let's take a look now at some of the other stories making headlines around the world today. pensions between israelis and palestinians, or high after israeli police storm. the ok, so mosque in jerusalem on wednesday. authority say they were forced to enter the building, one of islam holiest sites to remove people they described as rioters. incident has sparked anger across the middle east. the united nations has demanded the taliban immediately revoke its decision to borrow women from working for the agencies. regional mission fell upon. authorities have said women in afghanistan will no longer be allowed to work their un secretary general and to enable terrorists described a been as an unparalleled violation of women's rights ukraine's president villa. demur. zalinski has been to the polish capital warsaw on a rare foreign trip. poland is a one of ukraine staunchest allies in the war with russia. the polish president angie duda promised to send keith more make f

kevin mccarthy voted for all 3 of them. when we got to the democratic presidents, all of a sudden they were a lot less bipartisan, i think that's, that's kind of the point that i would make. it's true. you can find individual members, you can call the poxy, right? not wrong to do it but, but the, but there's a big difference here that when it comes to be a democratic president, you get to see stuff where they say, i mean, democrat, didn't say for instance, under president trump, we will only consider our opening bid is for you to, i don't know, do you medicare for all and raise the minimum weight. you know, they didn't say this is our opening bed. they, you know, they did buy parson, increase and entry had individual members who might a push, but i think there's, there's kind of a kind difference going on here. it doesn't take well, you know, when incisive political scientist to look at governance in the united states is being divisive in fraud. and when you, sir, roll that into a scenario where if congress cannot pass an i

— mccarthys base? not at all. i think it's _ mccarthys base? not at all.at all. i think it's a very effective - think it's a very effective plan. i think it's a plant that will hopefully rally republicans around each other to do what's right, which is to pay bills already incurred. however, this discussion about the debt ceiling, it's nothing new than what jackie and i went through when we served together. there's always consternation around the debt ceiling when you have divided government. even every divided government. even every divided government we've had issues that were addressed besides just the debt ceiling in any piece of legislation. to me, this process is nothing new. were going to get to a point where this is going to dominate the debate on the airwaves. but in the end republicans and democrats are going to do what's right. they can come together on a plan and they will raise the debt ceiling. are they, jackie? we've been talking about this for months. we're still no clearer. one of the ideas from mccarthy would be to take back parts of the i

but what i'm on the speaker mccarthy had more to say. as you all out yesterday speaker mccarthy unveiled his plan to cut benefits for american veterans and take a two before to americans manufacturing resurgence. not with the speakers proposal cop for veterans it would repeal the inflation reduction act investment and manufacturing clean energy investments that have created 100,000 manufacturing jobs. many of them and republican-led states and districts. speakers plant raises crucial questions for dozens of house republicans. while they vote to kill manufacturing jobs in their own home districts and reverse manufacturing from china? will they vote to cut benefits in their own districts? will congress majority taylor green vote to eliminate investments helping to create 2500 solar manufacturing jobs in her district. risk more than 2000 electrical vehicles investment. coming to his district. which republican members of congress will back mccarthy's plan to cut benefits to veterans and their districts. president biden has fought for great a

. speaker mccarthy. how, what's your take on that? say to play. i think the legislation that the speaker put together is very much an opening bid. essentially the, the white house and congressional democrats pointed their fingers and kevin mccarthy says, you know, put up or shut up. now this week is where the rubber meets the road. and he, it's now on him to find the votes for this proposal. i wouldn't stop you there for kevin mccarthy defined the votes for his own proposal. right. might not have. he's the speaker of the house. he's got a majority in the house, might not have the vote for his own proposal. it is, it is possible that he doesn't have a vote. his majority is sufficiently slim. and his majority is populated with, with a number of members who are not widely inclined to support anything that a leader puts out. and one element of the debt limit historically, is it, there are always members, republicans and democrats that are in transit on this issue. and they essentially say, i cannot vote for

speaker mccarthy got him civil into this. reasonable people would say we should have a clear and sustained vote on the debt ceiling and begin the process of discretion and/or negotiation as we are come peeled. what i think it does in terms of the credibility of the united states in paying the bills, the full faith and credit of the united states becomes important. if you look at this dollar, one thing we know about this dollar is that international markets you can redeem. no bratter where you travel in the world, if you are not in euro or sterling, that dollar will be redeemed. and they say we can't take it right now but give you change, but this is a threat. why they would choose to use this mechanism of the debt ceiling to try and compel negotiations escapes me. they voted for all the measures i have pointed out and they want to have amnesia and say this was created because joe biden became. this goes back to those bush tax cuts and trump tax cuts and pandemic spending. that's the bill that is in front of us and we should p

speaker kevin mccarthy.efense ministry says it detected 14 military aircraft and three navy vessels near the island. it was seen as an early sign of what beijing said were resolute measures in protest of the meeting with mccarthy. the swiss government will cancel or cut the outstanding bonuses of top credit suisse executives. board members will have all outstanding payments through the end of 2020. top managers wanted two levels below and reduced by 50% and 25% respectively. it will affect around 1000 credit suisse employees. global news powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haslinda: japan's trade minister says the government will increase financial support for a chipmaker as it works to develop cutting edge semiconductors. he told bloomberg that he has high hopes for the production of high-tech chips in japan. >> the government is ready to continue and beef up financial support to the company. it needs to spend trillions of yen

lots going on on the hill. >> is it mccarthy-gaetz or what more do we need to understand? >> first, this is the first real big test for mccarthy this week is to get this bill passed now he has done that except what you just referenced in your opening there is to what end, right? and what deals did he have to strike to get that done? this bill that passed the house is never going to pass the senate it won't be what becomes the debt limit deal by any means what's important for people to know is that kevin mccarthy is not really a spending cutter this is not something he's cared about throughout his career. >> sure. >> he voted to raise the debt limit three times before trump and many times before that, and this is what he had to do to maybe maintain his speakership and what happens now is there has to be a negotiation, among, probably members mcconnell has to get involved at some point, schumer, mccarthy in some capacity and they have to figure out over the next month or two depending on what the date is how they're going to raise the debt limit. >> is this the thing where t

house speaker kevin mccarthy.efense ministry says it also detected 14 chinese military aircraft and three navy vessels in areas near the island. it was seen as an early sign of what beijing described as a resolute measure in protest of the meeting. global news, 24 hours a day. on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am paul allen. this is bloomberg. haidi: china has warned that the taiwan issue is a redline. hours after the islands president met the house speaker in california, kevin mccarthy told us more about why he hosted them despite warnings from beijing of resolute measures in response. >> if we want to make sure that we foster democracy and peace and make sure that we do not get into any type of conflict, people need to sit down. what china needs to understand is that they cannot dictate who a speaker of the house can meet with. for the same moment that emmanuel macron is sitting with president xi jinping, i think that's great. i would s