Episode 2720： The Fight For The Debt Ceiling
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Summary
Jury deliberated for less than 30 minutes and returned a not guilty verdict in the rape case against Donald Trump. The former president was accused of sexually assaulting a woman who claimed she was raped by him in a hotel room in the early 2000s.
Transcript
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I know you try to do everything in the world to stop that,
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And where do people like that go to share the big lie?
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Ask yourself, what is my task and what is my purpose?
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On the question, did Mr. Trump sexually abuse Ms. Carroll?
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Ms. Carroll was injured as a result of Mr. Trump's conduct.
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a monetary judgment against the former president.
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Eugene Carroll's attorneys did not ask for a specific amount of money.
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Mr. Trump's conduct was willfully or wantonly negligent, reckless,
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or done with a conscious disregard of the rights?
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there were ultimately five questions related to that accusation.
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Did Ms. Carroll prove by preponderance of the evidence that Mr. Trump's statement was defamatory?
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Did Ms. Carroll prove by clear and convincing evidence that Mr. Trump's statement was false?
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Mr. Trump made the statements with actual malice.
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And then we're still waiting on some of these other questions.
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the jury finding that Mr. Trump did sexually abuse Ms. Carroll.
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That's what I just said about the appeal, right?
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But she claimed all along that she had been raped by Donald Trump.
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Can you talk about Trump's statement not to attend his trial and not to testify?
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And having him be here would be more of a circus.
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And again, what I said in the summation yesterday, you know, reigns true, holds true.
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It's that, you know, what more could he say other than I didn't do it?
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Molly, I could say you stole my pen, prove you didn't do it.
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So, you know, it's it's it's very simplistic to say, oh, he should have testified.
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He had nothing to say other than what he's already said on the road.
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So we talked a little bit about how perplexing the verdict was.
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And it's something that obviously will be another issue for appeal.
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But Jim, the issue for the appeals were laid really months ago when when things like,
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you know, Donald Trump's attempt to have the dress tested for DNA after they sent it into
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The fact that the Reid Hoffman, the Democratic financier,
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you know, who Miss Carol was not candid about when she testified initially under oath in her
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deposition, you know, that should come into this case.
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The access Hollywood tapes should not have come into this case.
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There's a federal rule called 403 that balances out inflammatory and prejudicial things.
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And I know some people in this camp are very happy that, you know, the rape claim was rejected.
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But I'm not happy that he was liable for anything whatsoever,
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because on this evidence, I didn't think he should have been.
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Can you adequately make a prediction in what is it?
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Yeah, I mean, I think it's fair to note in 2015 at this time,
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But I think if we're if we're expecting this to dethrone Donald Trump,
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we're going to have to start seeing a lot of evidence of change of how Republican voters
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And I don't know that we can really bank on that.
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I mean, the first thing, obviously, to look for, we know Donald Trump is going to deny,
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But are any of his opponents going to say anything about this?
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I mean, this should be the type of disqualifying event for the highest office in the land,
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Obviously, we're in a different place, but it should at least be obvious that this is an
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opening, perhaps, for somebody running against Donald Trump to raise this question.
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I'm very skeptical that any of them are going to do that.
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A lot of them are, frankly, afraid of Donald Trump, afraid of his voters.
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Somebody somewhere needs to not just let this be a blip, because otherwise it will be,
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especially among Republican-based primary voters. We often, I think, fool ourselves into thinking
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that this type of information floods through to Republican primary voters, and it's all that
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they're seeing. It's probably not something that they're going to see a lot of, frankly,
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unless somebody running against Donald Trump forces him to confront it. And so far,
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we haven't seen a lot of people. Obviously, they didn't do that during the Alvin Bragg indictment.
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Is this going to be another situation where they rushed to his defense? And we're going to have
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to see. That is obviously the very first thing that we need to keep an eye on.
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So Roberta Kaplan has spoken to reporters. She said all of, we are very happy. And that's it.
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E. Jean Carroll did not say anything to reporters, at least not at the microphone. She might have
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said something when she was amidst that giant gaggle of reporters as she was trying to get in the car.
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But I want to ask you about the excess Hollywood tape. And Brendan, forgive me if I'm not
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remembering. Were you still with Speaker Paul Ryan when that came out?
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Yeah, I mean, I think we saw the same blowback that, you know, it seems to be, I think,
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what we understand probably is likely to happen here. You know, we, the former Speaker came out
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and basically said, look, everybody for themselves, we can't defend this person anymore. And realized
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very quickly that that's not where the party was. And that that was seen as giving in to the left
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somehow. And as you articulated very well, he tends to use these things to his advantage.
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Yeah, he plays the victim very well and people go along with it. So, you know, it's,
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it's, I think we need to be skeptical that presenting this information to Republican voters is going to
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create a backlash to him or rather, um, as you said, more evidence that, that they're out to get
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him. It's this, this cycle that keeps him afloat. And it's remarkable.
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Can I ask you to be a bit introspective here and, and, and try to figure out why Republican voters
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are so, um, warm to that, to that feeling that Donald Trump is the aggrieved and representing
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them as the aggrieved. So any allegation against him, any criticism against him is, is thereby a
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criticism of them. Why, why were they so, why did they embrace Donald Trump and not someone else in
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the Republican party? And why do they still, I mean, I, I think he was the first to give voice
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to something that has been in the party for a long time. Maybe not the first person to give
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voice to it as, as a candidate. There is long been on, you know, on conservative talk radio,
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the internet places where there was this elites versus regular people. Um, and the, the Republican
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party for a long time sort of played into that notion of the establishment, the rich folks.
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Um, and Donald Trump, you know, as flawed of a candidate as he was really gave voice to those
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people who felt like, uh, there were these elites, there were Washington who were, who were out to
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change their way of life. And, and he made it more of a cultural thing. And look, I think something
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that people need to appreciate, there's this sense that if only people understood how bad a guy Donald
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Trump was, they would change their view. Lots of Trump supporters understand that he is morally
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flawed. They understand that he's not a good guy, but he's their bad guy. He's their guy fighting for
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them. And that's really all that matters. And when you think that this is a matter of your way of
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life, if it's cultural, it really doesn't matter to all that other stuff. And that's why they're
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willing to stand with him time and time again, because he makes the right enemies. He'll say
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whatever it takes to get the job done. Uh, and they admire that. And this is, again, this is a,
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I don't want to call it strain, but it's been a factor of the Republican party for a very long time.
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He saw it and took advantage of it and continues to today.
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nine May in the year of earlier, 2023. It is a victory day in Russia. And of course,
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yesterday was a VE day in, uh, Western Europe in the United States, the end of the war in Europe,
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78 years ago. Uh, the wars in Europe, uh, may have ended 78 years ago, but, uh, the world's on fire
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right now. The, uh, I want everybody to take a deep breath. And the reason we played that clip
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and we had Katie Ter and, uh, Brendan Buck, and remember Brendan Buck, I believe was the head
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the comms director, head of communications for Paul Ryan back in 16. When everybody take a deep
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breath and just, you know, think back to the weekend of, uh, Billy Bush weekend.
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When everybody lost their head and running around and it, uh, it's all over, you know,
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Paul Ryan punched out, Mitch McConnell punched out, everybody punched out. Um, we, in the Trump campaign,
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the inner circle did not punch out. And in fact said what Brendan Buck said there internally,
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this election is not about locker room talk. And, uh, you heard, uh, the president's attorney,
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this is going to be appealed. Look, it's New York city. It's a New York jury. Um, they're going to
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appeal this. Uh, they're going to fight it. So people should just take a deep breath and realize
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this is not what this election is about. This is not where the country is right now.
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The country's in a free fall over at the white house. Right now, we have the first round of the
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meetings with, um, we had the first round of the meetings with, um, the speaker and Schumer and
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McConnell and of course Biden. And they're talking about what the most important thing is. We're
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going to talk about the next 24, 48 hours, the financial condition of the country and how we're
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going to get ourselves out of this complete mess. We're going to have EJ and Tony is going to join
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us. Fox news has a story. Guess what? In the first seven months of the year, we're going to be one
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trillion dollars, another trillion dollars at it, uh, to that we're behind of the, what the projections
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were by like a trillion dollars. This deficit this year is not going to be one five. This deficit this
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year, I think is going to be over $2 trillion. A big part of that is the decline in, uh, in,
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in tax revenues. Of course, this morning we, uh, we went through, uh, everything we, we talked about
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the federal reserve. The federal reserve is essentially bankrupt. Now they got it. They
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have a trillion dollars of losses on their balance sheet, given interest rates, the country,
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the financial condition of the country is complete shambles. And what you have is lawfare against
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Donald J. Trump. If these kinds of things upset you, then you're not going to be, you're not going
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to be right for this because they're going to come at Trump with much worth. They're going to come
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with Trump. They're going to indict him two or three more times. They're going to indict him.
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You know, Jack Smith's going to indict him. Jack Smith's going to indict him or the left is going
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to run him out of town. Jack Smith's going to indict him with this, with this, uh, with this grand
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jury in Washington, DC. He's going to get indicted down in Georgia. He's going to have multiple
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indictments. They're going to be coming at him for all type of criminal activity, all type of, uh,
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insurrection. They can't be in, but the polls today, the polls couldn't be clearer.
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62%. Um, I think 60% for Trump to Santa's now in the teens, the Santa's, uh, failure to launch,
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by the way, we're going to have, we're going to have, uh, we're going to have some, uh, we're
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going to have the death settings meetings over. And did anything, can we pull a clip or anything
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happen? Just, okay. We just ended, even as we spoke, by the way, one hour. Yeah, that looked
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like an intense meeting, one hour and 12 minutes, have a cup of coffee and move on. We're going to
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have a lot to go through. We've got EJ and Tony here. Um, we're going to play, uh, Steve Cortez.
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We're going to play Steve Cortez. Um, not doing his whiteboard on war room this morning, doing it
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in the Stuart Varney show on Fox business. We're going to get into all that. We've got EJ and Tony,
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uh, and we'll get any updates we can possibly get. Look like, look like Kevin McCarthy did. He was
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supposed to, was hold the line, uh, did not buck us. What they want, as we told you this morning,
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they want a temporary increase to the debt ceiling, quote unquote, to give them more time
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to negotiate. We're not going to let them off the mat. You can't let them off the mat. I'll have more
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to say about this throughout the show, about this, uh, results of this defamation case, uh, throughout
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the show. And in fact, Caroline Levitt is going to join us. I think we may try to get Joanna Miller on
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here. We have a lot to go through. We're going to talk about what Takapino just said. Uh, so we're
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packed a wall to wall. We got the Sequoia Capitol situation in the second hour. Uh, I want to make
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sure everybody just take a deep breath. This is once again, and that's why we've had Brandon Buck
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up there with Paul Ryan, all those guys abandoned us in the middle of October of 2016 and two and a
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half weeks later, three weeks later, we delivered the biggest come from behind victory in the history
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of presidential elections. Everybody take a deep breath on the day that president Trump,
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the polling on president Trump is absolutely extraordinary. And so just understand you got
00:14:03.440
to strap in because this is just the first of many. And I told you the other day that you're
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going to have, you're going to have an outcome here. You're going to have an outcome. Uh, my trusty
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production assistant. Yes. No, no movement whatsoever. This is fantastic. So we're having an update.
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EJ and Tony looks like no movement whatsoever over at the white house. So they're both that's,
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Hey, they got respect for you. You headed the credit screen. Okay. Short commercial break.
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We're going to come back. We got the Steve Cortez situation. We're going to have EJ and Tony on the
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negotiations going on. We got a little packed up. We're going to also talk about this situation.
00:14:36.680
Hey, the law for against Donald J. Trump. We told you this was not for the faint of heart.
00:14:42.140
That's where you're the creditors committee. Short commercial break. Be back in a moment.
00:14:45.960
Because we're taking down the CCP. Spread the word all through Hong Kong. We will fight till
00:14:53.320
they're all gone. We rejoice when there's no more. Let's take down the CCP.
00:14:59.360
President Trump recently issued a warning from his home at Mar-a-Lago. And I want to quote this.
00:15:05.960
Our currency is crashing and will soon no longer be the world standard, which will be the greatest
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defeat, frankly, in 200 years. End quote. He did that in the interview that I had with him a couple
00:15:17.620
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00:15:26.160
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00:17:06.020
Spokesman for Donald Trump in 2016 and 2020. Will he be, well, will he be back with Trump in 2024?
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Hmm. Well, Steve's got a big announcement and he's going to make that announcement right here,
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right after this break. Look who's here now. Put him on the camera. There he is. Former Trump,
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former Trump campaign advisor, Steve Cortez. Now, you worked with Trump in 2016. He worked with him
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in 2020. And now you've got an announcement. Who are you backing? I do, Stuart. I'm backing
00:17:42.760
Governor Ron DeSantis for president and just joined his PAC, his aligned PAC, Never Back Down. Look,
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I was honored to work for President Trump. And I think he was exactly the disruptor that the country
00:17:54.620
needed back in 2016. But when I look at the situation now and going forward, I believe the best
00:18:00.660
option to both win the general election and to govern effectively, to implement a conservative
00:18:06.860
agenda in office, I believe the best option is Ron DeSantis. And let me tell you one other important
00:18:12.880
reason I'm backing Ron DeSantis is that the idea of a rematch, of a rematch of Biden versus Trump
00:18:19.780
is something this country overwhelmingly does not want. It is a movie that we have already seen.
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Nobody liked it. And we know the ending. To give you some of the numbers on that,
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NBC News polling shows that 70% of Americans do not want Biden.
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Not that they don't love the voice of Steve Cortez, but let's go ahead and stop and let's go to the
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live feed outside the White House. We'll come back to Cortez. Let's go to the live feed.
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And the sooner they get together, the better. If they get together, the bill will pass both the
00:18:53.800
Leader McConnell clearly said the United States will not default on its debt. Can you say the same,
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that the United States will not default on its debt?
00:19:01.920
Yeah, because the House raised the debt limit. I'm Speaker of the House. I'm not the leader of the
00:19:08.120
Senate. I'm not the President. So your question is, it will not default? I've done everything in my power to
00:19:13.160
make sure it will not default. We have passed a bill that raised the debt limit. Now, I haven't seen that
00:19:22.880
The President has said that he is willing to negotiate overspending, but he's not going to do
00:19:27.120
so with a gun to the head of the American economy. Did he reiterate that to you today? And what was
00:19:32.160
Well, what's interesting is, I would never want to put any gun to anybody's head. That's why I came
00:19:37.960
on February 1st. I sat out here. I want to have something responsible. I want to have something
00:19:43.560
sensible. And then I just say to you and the American public, would it be wrong if you took
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hardworking taxpayer money and you had billions of dollars appropriated for a pandemic that
00:19:56.080
is now over? Why wouldn't you pull that back? Would it be wrong to put some control? Remember
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what we're talking about. A debt ceiling is like your child having a credit card. We reached
00:20:07.940
the limit. We're responsible for paying it. But would you just raise the limit without
00:20:13.320
seeing how you're spending your money? That's all we're talking about. So I understand that
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the president has to sign it and it has to pass the Senate. So why couldn't we for the
00:20:24.320
last 97 days talk about this? Why would it when a president who was vice president before,
00:20:31.900
if you look at all of his quotes, this is a man who prided himself. They called him the
00:20:36.340
Biden negotiations. This is a man, the president Biden, when he was senator, he actually voted
00:20:41.960
against debt ceilings because they said they didn't cut enough in spending. This is a president
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who, when he was vice president, Joe Biden, when it was a $14 trillion debt, said, we have to do
00:20:53.300
something about this big debt that we have. It is now $31 trillion. I think every single household
00:21:00.580
believes you need to be able to do something responsible and sensible. And that's what we've
00:21:07.200
Senator McConnell, what gives you that confidence after this meeting,
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Senator McConnell, that there won't be a default?
00:21:13.200
When you said that the U.S. has never defaulted and never will, what gives you that confidence
00:21:18.200
right now to say that. The United States of America is not going to default. We are having
00:21:28.580
a debate here in conjunction with raising the debt ceiling as to whether or not after dropping
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$2.6 trillion on the American people in the last Congress on a partisan vote, we ought to
00:21:44.320
have at least some restraint on our spending related to the debt ceiling. And this is not unusual. We've
00:21:55.760
been here before. Debt ceilings have frequently carried other measures. What we have here is we're
00:22:03.000
running out of time. And it's time for the president to get serious and to sit down with the speaker and
00:22:10.500
Remember what we're talking about here. No, just for all of you to understand what we're
00:22:17.340
talking about, okay? The Democrats think it's really extreme that we want to say we should
00:22:24.100
only spend the next year what we spent five months ago. They say it's draconian. What we spent five
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months ago is more than how much President Biden, at that time Vice President Obama, proposed to spend
00:22:39.660
at this time. Were people being hurt? Were people not getting their veteran care? Were people not
00:22:47.260
getting everything they asked for five months ago? That is what we're asking for. Is that too much?
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That we can raise a debt limit, spend what we spent five months ago, pull back that COVID money that
00:22:59.220
has sat there for two years, put work requirements in that help the supply chain, help people get promoted
00:23:06.060
and get more jobs, make us energy independent so Americans have a lower cost in their energy bills.
00:23:12.820
Now, if they have a better idea, I'm sitting here like I have for the last 97 days. Tell me what it is.
00:23:20.220
Did you address the argument from the administration that House Republicans want to cut veterans' benefits?
00:23:28.740
And then also, sir, are you confident that the House Republicans would accept anything less than the
00:23:35.880
House bill if the cuts were lessened? Listen, first of all, cutting the veterans is a lie. Where in the bill
00:23:41.720
does it say we cut veterans? You'll find next week when we do our appropriation bill, we increase the funding
00:23:47.240
to veterans. But this is what I'm talking about. That type of behavior is pure political rhetoric.
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This is too important issue to play political games with. So if one side is going to sit back and say those
00:24:01.320
type of things, all I'm asking is that we spend the amount of money we spent five months ago.
00:24:08.920
Were veterans getting their care five months ago? We're actually going to increase. And how the system
00:24:13.640
works, it's just like any other household. You get a certain amount of income in, then you prioritize how
00:24:20.280
you spend it. In our appropriation process, Republicans and Democrats alike will get to sit in committee
00:24:26.840
and decide how much to spend. The difference is that we'll spend what we spent five months ago,
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and we can decide what our priorities. So we'll probably look with a fine-tooth comb. Where is
00:24:38.120
there some waste in government? I'm sure every single American can point a lot out. So we can spend
00:24:44.600
more on the veterans, and we can spend less on the waste.
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The president doesn't move. If the president doesn't move, were you for the sake of the country?
00:24:53.720
Well, this is so great for the sake of the country, and why I wanted to make sure we would never be in
00:24:58.840
a place like this. 97 days ago, I sat in the Oval Office with the president and said, let's find an
00:25:04.520
agreement. When he would not move and he would not negotiate, even though the majority of Americans
00:25:10.520
believe that what you should do. And that's, this isn't the same Biden that was a senator and a vice
00:25:17.320
president who believed that we should negotiate, who always argued that you had to be together.
00:25:22.440
But even though that he wouldn't do that, the House passed a bill to make sure for the American
00:25:27.160
people that we wouldn't get there, and we were able to get there. Yes, sir?
00:25:32.600
One, was anything accomplished at today's meeting? One. Two, is this country looking down the road at future
00:25:38.680
generations at $40, $50, $60 trillion in debt? And when does the card max out? Thank you.
00:25:43.160
Well, it's more than that, because when you think about this, and this is what the American
00:25:46.680
public should think about, how do you get in a situation like this? You can put blame on all
00:25:52.360
sides. You spend more money than you bring in. On a 50-year average, we normally spend about 21% of
00:25:58.600
GDP. But what happened when the Democrats took the majority, they increased that to more than 24%.
00:26:04.040
Now, is there enough money coming in? Well, on a 50-year average, we usually bring in about 17%
00:26:11.640
roughly of GDP. Right now, we're at 20%. Do you know how many times we've ever brought in this much
00:26:17.080
money or this higher percent? Only two times in modern history, in 1944 and 2000. So we have more
00:26:22.840
money coming in at any given time. But what's the problem is, they've increased spending by $6 trillion.
00:26:28.040
So that brought us inflation. That brought us this problem. You have a $31 trillion debt. Now,
00:26:33.240
what does that mean? That's bigger than our whole economy by 20%. We've only been in this situation
00:26:39.640
by a percentage one other time after during World War II. Now, the real concern that I have,
00:26:45.240
if you don't tackle or start tackling this problem now, you're harming all the future generations.
00:26:51.720
I think every American would care for their children and their grandchildren. So is it too much to ask that
00:26:57.640
we simply spend what we spent five months ago? Is it too much to ask to say, let's take that COVID money
00:27:03.720
that you did not spend, and let's give that back to the taxpayer to be able to raise the debt ceiling?
00:27:09.080
Yes. During the meeting, did you get the impression that the president could use other options,
00:27:15.640
such as invoking 14th Amendment? None of that was brought up.
00:27:20.600
Is the president and yourself a part of that? Is it a staff meeting?
00:27:22.520
Yes. What we agreed to is we'll have the staff come together and meet during the week,
00:27:28.200
and we'll get back together on Friday and see if we get in place.
00:27:31.160
All five of you or just the two of you? No, all five.
00:27:32.760
Did he make any proposals to you in Utah for any ideas?
00:27:35.960
This has been a months-long impasse. I'm sorry, what?
00:27:37.400
This has been a months-long impasse. Three months-long impasse.
00:27:39.800
We've heard the dire warnings from the Treasury Secretary.
00:27:42.840
Is this fight worth the risk to the U.S. economy?
00:27:45.400
No, that's why the House Republicans passed a debt ceiling bill, where we actually lifted the debt ceiling.
00:27:50.840
The Senate has not. I mean, I've listened to Chuck Schumer all this time.
00:27:54.040
He hasn't done anything. And I don't know what he needs in the debt ceiling.
00:27:57.480
I know they passed in March. They made that Maine Maple Syrup Month.
00:28:02.680
If he needs that in the debt ceiling, I'm willing to agree to that, too.
00:28:05.320
But I wish they had stopped playing political games, that they would give you a...
00:28:08.920
Please, let me finish. They'd stop giving the rhetoric.
00:28:11.400
They're saying certain things are being cut or not.
00:28:13.960
I want the American people to understand. Is it too much that we ask that we simply spend
00:28:20.280
what we spent five months ago? Is it too much to ask that we find waste in government?
00:28:27.160
Like that 50 to 60 billion that we spent that no one used for COVID with the pandemic over?
00:28:33.560
Is it too much to ask that we cut red tape so we could build roads and highways and solar and wind
00:28:39.400
panels and make us energy independent? If that's too much for the Democrats, tell me what they think is
00:28:45.960
right. Do they believe they should just keep spending their grandchildren's money
00:28:50.840
and create more inflation? I think that's wrong.
00:28:55.240
I don't think a short-term extension does anything. We've got a timetable here.
00:29:03.560
I know the president wasted 97 days. You know, I came and sat with him and I told him
00:29:10.920
that, listen, we should work together. Let's be responsible. I won't predetermine what we have to
00:29:17.960
have. I think you should spend less than you spent last year since we spent too much money. I think we
00:29:23.560
should find ways that we can grow this economy. He said he wouldn't. You reported this how many times
00:29:29.000
he sat there and said he wouldn't meet with us. Then he changed, even though he tweeted after that
00:29:33.400
meeting that he said he agreed to meet on ways to make the economy stronger and way we would find
00:29:38.440
savings. He changed and he met with me the next day at the prayer breakfast and said we were going to get
00:29:43.000
together. Well, he changed his mind apparently. And then he said we had to pass a budget that does
00:29:48.360
nothing with the debt ceiling. Well, then Senator Schumer would tweet at us every day. We had to have
00:29:53.720
a plan even though he didn't produce one. Well, we produced a plan. We raised the debt ceiling and
00:29:59.000
we sent it to the Senate. The challenge here is the president wasted 97 days and now the Secretary
00:30:05.480
of Treasury has come and told us the date's even sooner. Thankful that we did something early so we
00:30:11.080
wouldn't be in that problem. Now I've got to see what the Senate could do so we can go to Congress.
00:30:17.560
Mr. Speaker, a jury just found Donald Trump liable of sexual abuse. Do you still support him?
00:30:23.080
You know what? I've been in this meeting. Let me find out what they said.
00:30:27.720
Do you think any progress has been made through this meeting today?
00:30:31.400
Well, the progress has made is that we were actually able to meet. So that's a difference in
00:30:35.640
the president's take. For 97 days, he denied the ability for anybody to negotiate. I don't know how
00:30:43.000
many times you asked him about it. I'd ask him every day. I offered to bring food to meet. I would do
00:30:47.880
anything we could that we could meet together and work on a bill so we wouldn't be at this day.
00:30:53.720
You know, what's interesting is I've said the same thing when it comes to the border.
00:30:57.800
And now we have a problem with Title 42 this week. Now the House, same thing. I tried to meet with
00:31:04.200
them to how we could secure the border. He treated the debt limit just like he treated the border.
00:31:08.920
He ignored it. But in the House, we will pass a bill this Thursday that could secure our border,
00:31:15.240
deal with the Title 42 so these millions of people cannot enter illegally. We are trying to find
00:31:21.560
solutions. We're trying to be responsible. We're trying to be sensible. But I think what we really need
00:31:27.240
is a partner that's willing to work together. It's unfortunate that they don't even want to talk.
00:31:34.200
Did he bring any offers to this meeting? Did he propose anything or did he just say that he
00:31:38.040
doesn't like what you guys did and asked you to do something else? Yeah, that's pretty much.
00:31:41.640
But Mr. Speaker, you've said that this has to be hashed out in the next few days in order to
00:31:46.600
prevent Americans from feeling the impact of this. Can you assure them that they are not going to start
00:31:51.240
to feel the economic pain from this? Look, I am only elected to one House. And I think it's very
00:31:58.280
important. Again, that's why I came here in February, the very beginning of February. I asked to meet
00:32:03.880
sooner, but that's as soon as the President would meet with me. Think for one moment. Everybody knows
00:32:09.480
how dire this is. This is the first time, as President of the United States, that he's had all
00:32:14.840
four leaders together. Think of all the issues America has had from the border, from inflation,
00:32:21.320
from a bank crisis because of the inflation they created. Never once has he brought the four leaders
00:32:26.520
together. He's waited to just two weeks before. And the real question would be, would he even bring
00:32:32.600
us together had we not passed the bill? That's not a way to govern. I'm not holding anybody to any
00:32:41.960
position. I'm simply saying, I want to meet. I want to work this out. I want to be respectful to your
00:32:48.840
job. I want to be respectful to your position. So you know what we did? We told them exactly where
00:32:53.640
we stood. We just didn't say it. We passed it to prove that we had the votes to do it. Because we
00:32:59.560
don't want to take America down a path we wouldn't want. We wanted to do this months ago. But
00:33:04.600
unfortunately, he has a lot of power. Mr. Speaker, you have not assured the public.
00:33:07.480
Yes. Mr. Speaker, you have not assured the public.
00:33:11.960
They keep saying that the U.S. has never defaulted before, but in fact, in 1862, 1933,
00:33:17.400
1968, and 1971, the U.S. did default. Is there like a plan B or something to happen in case all
00:33:23.880
else failed? What was concerning when I listened to the White House, they say they have no plan B.
00:33:30.040
The only way to raise the debt ceiling is something has to pass the House and something has to pass
00:33:34.920
the Senate. The House has done their job. So respectful to your question is, how can I guarantee,
00:33:40.440
I'm not a senator, but what I can do is do our job in the House. And we have.
00:33:48.280
So the first question, what topics are going to be brought up on Friday that were not discussed
00:33:51.960
today? And finally, can you reassure the American people that everything is going to be okay?
00:33:55.800
Look, from a House perspective, again, we're doing our job. I wanted to do it months before.
00:34:02.280
But it's hard to work with somebody who said you can't meet with them.
00:34:06.600
You know, what's interesting, I love America and I love our form of government.
00:34:11.800
And what really it's designed to do is after an election's over, you come together and you
00:34:16.440
negotiate. You find common ground. That's what I wanted to do the whole time. So when we devised
00:34:23.240
our bill, I looked for ideas that Democrats have proposed, like capping spending going forward,
00:34:30.920
pulling the COVID money. So that's what we passed. Last question.
00:34:34.360
Congressman George Santos has just been charged by federal prosecutors. Do you believe that he
00:34:39.400
should be removed from Congress? Should he be allowed to continue to serve?
00:34:42.920
Mr. Speaker, you mentioned the Senate needs to vote. Do you think this can actually be
00:34:53.000
Mr. Well, through regular order, if we had, if we worked back in February 1st, the House could have
00:34:59.000
passed a bill, the Senate could have passed a bill, we could have gone to conference,
00:35:02.440
and we'd be all here doing the press conference together and talking. It's really difficult if this
00:35:07.720
is the very first time the President would ever bring four leaders together. Hakeem Jeffries,
00:35:13.320
the Democratic leader on the Senate, we get together almost every week we're in session. We might not
00:35:18.440
even have a topic, and we'll vote different. I respect his position. I respect him as a leader
00:35:24.200
of the Democrats. I tell him things that we're going to propose. We may not always agree, but that's
00:35:31.640
the way it should work. You should be able to talk and negotiate. It is unfortunate that so many of you
00:35:37.400
are here today because the President has denied us to talk for the last 97 days. I'm hoping that the next
00:35:46.200
two weeks are different. I'm hoping this President understands as the leader of this nation that
00:35:53.240
you can't sit back and hold the country hostage. You can't be so extreme in your views that you're
00:35:58.360
not going to negotiate. And to the American public, we've been very reasonable. I think spending the amount
00:36:05.800
of money we spent five months ago, regardless of whether the President thinks it's cutting or not,
00:36:10.520
is sensible. Every household would do that. Anytime a household has a problem, they would get together
00:36:17.000
as a family, and they would decide their priorities. That's all we want to do. And we want to raise the
00:36:22.440
debt limit, and we want to make our economy stronger. Thank you all. Have a good day.
00:36:28.440
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Okay, you've seen the there. That's at the White House. It's called the sticks right there in the in the side
00:37:50.920
entrance. That was Speaker of the House, Kevin McCarthy and Mitch McConnell. I want to thank Real
00:37:56.280
America's Voice for letting us blow a break there. Also, and I understand there's a lot of people have
00:38:01.000
a lot of problem with McCarthy. And look, we're not happy with this deal. But we we fought it. But when
00:38:07.000
they got to 218, we said, we'll have their back. This is the start of negotiation. When when Biden
00:38:12.200
jams off in their face, we'll fight for real cuts. But in the in the kabuki theater of this town,
00:38:20.600
that was a masterclass right there and keeping your cool with a bunch of cheap shot questions asked.
00:38:25.640
And look at the lack of sophistication of the questions. Look at the whining of the question.
00:38:32.600
That's your media right there. Think about this for a second, what you've gone through in war room,
00:38:37.560
what you know about the situation with the country's finances, what you know about the economy,
00:38:42.760
particularly many of you that have not had a chance to go to college or have not studied economics or
00:38:47.400
have not taken Peter Navarro's macroeconomic class. Look at your knowledge level versus the
00:38:53.160
unsophisticated whining of those questions. And Kevin McCarthy just had a masterclass right there
00:38:59.400
that take the high ground to take the high ground. And this is a negotiation.
00:39:04.040
I want to bring in E.J. Antony. E.J., give me your first cut. Give me your hot take
00:39:09.400
on what we just saw there and what we know at least went on the meeting, sir.
00:39:13.960
Well, I think McCarthy holds all the cards, quite frankly. He has shown the the American people
00:39:19.880
that that he has actually done something. He has passed a bill and that the president is the one
00:39:25.400
sitting on his hands who is doing absolutely nothing. And what's really interesting, I find,
00:39:30.760
Steve, is that unlike in in PV in previous debt ceiling fights, what we're seeing this time around
00:39:37.080
is in obviously Republicans are in favor of not raising the debt ceiling. But we're seeing an
00:39:42.600
increasing number of Democrats who actually would rather not raise the debt ceiling at all
00:39:47.640
and simply do spending cuts. So the momentum definitely does appear to be on McCarthy's side.
00:39:55.720
E.J. brings up a very, very important point. And this is why we had we started the show today
00:40:02.440
with the polling of Rasmussen, not on the presidential polls, not on Bobby Kennedy and Trump together,
00:40:08.120
not on the problems Biden has in his own Democratic Party, but exactly on this issue. And the numbers are
00:40:15.000
pretty shocking. I think 57 percent overall support the Republican position right now and that you
00:40:21.080
have to have some cuts if you're going to talk about a raise. Is it in your mind, E.J., has this made
00:40:27.880
because Biden today, all they agreed was the staffs to come together. But remember, in agreeing to the
00:40:34.280
staffs to come together, he's already surrendered his initial negotiating position, which is I'm not
00:40:42.280
prepared to address anything except a clean debt ceiling. That he's already he's already given up
00:40:48.920
on because they're having the staff meeting and they're going to meet again on on Friday. Your your
00:40:53.240
thoughts about the process here and McCarthy keeping the high ground and already Biden starting to fold.
00:41:01.160
You know, I think Corinne's John Pierre was kind of laying the groundwork, so to speak,
00:41:05.560
for this the last couple of days when she began to say things like the president is not willing to
00:41:11.240
negotiate on the debt ceiling, but he is willing to negotiate on spending cuts. So essentially it's
00:41:17.240
kind of like a car dealer saying, I'm not going to negotiate on the price of the vehicle I'm selling
00:41:22.280
you, but I will negotiate on your trade in. So the White House seems to be setting up a situation where
00:41:28.040
they will try to save face by saying, look, we did not negotiate on the debt ceiling. The debt ceiling
00:41:34.040
is raised. And it just so happens that at the same time we're in talks with the Republicans to cut a
00:41:39.880
massive amount of government spending. So my guess is that is how the White House is probably going to
00:41:45.960
spin this as a win for themselves. Because again, it really seems like McCarthy holds the cards here.
00:41:54.040
No, he did such a fantastic job of saying how they had put a bill forward,
00:41:58.040
how if it was going to affect the American people is because of Biden's holding out.
00:42:02.120
I want to go to just to update the arms, by the way, massive breaking news. Tucker Carlson
00:42:07.480
just made an announcement about Twitter. We got the Cortez situation. We're going to have at the top of
00:42:11.240
the hour more about this decision, this liabilities case in New York. We're going to have Caroline
00:42:18.600
Leavitt join us. We're absolutely jammed. Some of the Tina Deskova said that we've moved to the six
00:42:23.160
o'clock hour. We've moved Natalie Winters there because I want to spend time with EJ. EJ, and for
00:42:28.360
the audience, and can we can can can the team make sure that Mo and and and and Grace Chong have this
00:42:35.480
so they put it up in the in the in the live feed and also if Denver can get it up. EJ, we've talked
00:42:43.080
about this when you were on a couple of weeks ago and we've been adamant about this tax of the economy
00:42:48.120
slowing. The tax revenues are coming in lighter, but this this is from the Congressional Budget
00:42:53.560
Office. This is not from Breitbart or Citizens Free Press or Gateway Pundit. The Congressional
00:43:01.640
Budget Office headline federal government under Biden runs one trillion dollar deficit in just
00:43:08.440
seven months actually 900 928 billion but nearly a trillion dollars way off of their numbers because
00:43:15.800
it looks like softening revenue. Your thoughts EJ you're the numbers guy. How bad can this get
00:43:21.080
right now? How how ugly uh could this get as far as the deficit we're talking about in this current
00:43:26.120
year sir? Well this can certainly get substantially worse uh be exactly because of what you were just
00:43:32.840
saying Steve. The fact is that revenue is coming in uh dramatically less than anticipated and the
00:43:39.320
reason for that is because this president has done everything he can particularly through a hostile
00:43:44.360
regulatory environment to stifle this economy. That's exactly what's happening. Let's not forget
00:43:49.480
when Biden took over inflation was only 1.4 percent and the economy was growing one and a half trillion
00:43:55.800
dollars at an annualized rate and in just a year and a half he managed to run up uh inflation to the
00:44:02.280
point where it was actually uh prices were rising about as fast in a month as they rose in the entire
00:44:08.200
year before he took office and he also managed to give us two consecutive quarters of negative growth
00:44:13.720
aka a recession and we're quickly headed back that way right now to but to put that deficit number kind
00:44:19.640
of into some perspective for people uh in in the first half of the current fiscal year right or actually
00:44:26.600
the first five months of the current fiscal year the government has run as big of a deficit as it had in
00:44:33.000
the first 11 months of the previous fiscal year in other words in less than half a year we have
00:44:38.840
managed to rack up almost the same deficit that we had in the previous fiscal year and somehow this
00:44:44.760
president has the gall to get in front of a microphone and say that he is cutting the deficit
00:44:53.560
remember when we say fiscal year for the government starts one october the last day of the fiscal year of
00:44:58.200
the government is not december 31st it is september 30th so this is the first seven months now they
00:45:03.400
got the first seven months this congressional budget office it's a difference of 568 billion
00:45:08.920
than it was the previous year 568 billion dollar bigger deficit they attributed this revenues are off 10
00:45:17.160
that's the tax revenue is off 10 and the spending is up eight percent folks remember you're the
00:45:22.680
creditors committee it was your having the back that gave mccarthy the confidence he had going to
00:45:27.640
those sticks today and that confidence i can tell you you could feel coming out of the coming out of
00:45:33.800
the white house he had that in the oval he's got confidence why does he have confidence maga has his
00:45:39.320
back right and we're not totally happy i understand that but they have his back and we're negotiating a
00:45:45.720
bankruptcy and we're negotiating a bankruptcy this happens in bankruptcies all the time with the
00:45:50.680
companies in receivership they've gone chapter uh chapter 11 and in the reorganizing so they still
00:45:56.520
want the company run they don't want huge layoffs before the reorganization plan and they've given
00:46:00.760
you projections and particularly the banks and the junk bondholders projections and oops i missed it by
00:46:06.920
ten percent you see this all the oops i i missed it by ten percent oops i missed it by revenues by ten
00:46:12.760
percent but hey dude why is the spending up eight percent why why are you increasing your spending when
00:46:18.040
your revenues are dropping significantly this is the mismanagement of the illegitimate biden regime
00:46:25.480
now we got to bring to the table hey man all those numbers you've given us before everything
00:46:29.560
we've talked about which gets to the 50 trillion dollars and even trying to cut this
00:46:34.840
is is is off should be off the table this is gonna this is a bigger train wreck
00:46:39.560
and mccarthy couldn't know this because this is came out today fox news has got it from the
00:46:43.720
congressional budget office want everybody to read this fantastic ej if you can just hold with me by the
00:46:48.120
the way blockbuster news of tucker carlson uh he went full honey badger on fox he's gonna restart his
00:46:55.560
show on twitter walk away from this huge payment he's got at fox and fight it out in court on the
00:47:01.080
nda on their ability to do it so tucker's going hardcore we got a lot to get through it's a massive
00:47:07.400
news day but we're giving you the signal not the noise the signal is the country's finances that's the
00:47:15.400
most important thing not this situation up in new york short commercial break back in a moment
00:47:19.880
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three times desantis even tried to raise the retirement age to 70 i thought desantis was one
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of the good ones but he's just another career politician america needs trump make america great again
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somewhere 60 19 kind of failure to launch but we'll spend more time hopefully in the second hour on this
00:49:50.360
we're so jammed up ej uh closing thoughts uh i just want to say again i think mccarthy uh did
00:49:56.840
extremely well represented us well uh we're in a negotiation and biden's already crumbling
00:50:02.840
also remember they didn't bring up the 14th amendment none of the gimmicks he didn't put up any
00:50:06.760
of the threats any of the gimmicks i think we've chop blocked all the gimmicks including the one with
00:50:11.400
lawrence tribe today the thinking of new duties of this is how desperate they are in the war room
00:50:17.480
posse you've done such an amazing amazing job this is why they're coming after trump with every
00:50:22.440
aspect of lawfare because of you they want trump by the thing by getting trump out of the way they get
00:50:27.800
you out of the way ej uh thoughts observations before you bounce well steve to your point on just
00:50:34.680
how desperate they are we have janet yellen today think think about this she is actually personally
00:50:39.800
calling ceos warning them about a default i mean this is just absolutely unprecedented we
00:50:46.920
literally have the treasury secretary trying to scare our biggest business leaders into essentially
00:50:54.440
pressuring congress uh into just giving them the the administration the clean debt ceiling increase
00:51:01.080
that they want so they are absolutely desperate and if i think if mccarthy really just stays on the gas
00:51:07.720
he's going to be able to to get a win here ej brings up another brilliant point i put it up this
00:51:14.520
morning on politico i said they're so desperate political had a story they're out calling ceos
00:51:21.880
scary mongering them ceos about what to put pressure you know on their employees to have people call
00:51:27.000
congress what we do here in the war room but we do it legit we don't have the secretary treasury
00:51:31.480
she's calling ceos to tell how catastrophic this is going to be this is where the ej fabulous point
00:51:38.280
i've got it up on getter in fact that's one of the reasons you want to get getter i'm putting
00:51:41.080
up stuff all day long ej how do people get to you what's your social media where they go to get all
00:51:45.400
your analysis you're a numbers guy which we love uh where do people go uh best place to find me is
00:51:52.520
going to be on twitter at real ej and tony and just like the treasury statement uh that we mentioned
00:51:57.960
earlier today or earlier in our conversation you know i post all my reviews of those statements so
00:52:03.080
that you don't actually have to read through them you can just get the top line on all of those
00:52:07.480
different data releases and stay informed on what's really going on in the economy
00:52:13.400
no that's why your stuff's so amazing ej thank you uh look forward to having you back on here
00:52:18.760
make sure you get to his twitter get to his twitter get dj's twitter sign up because he does
00:52:22.520
that he does the summer he breaks it down for you let's go ahead tucker carlson this is blockbuster
00:52:27.800
news this is signal not noise and man it's going to lead to a dogfight over at fox let's go ahead and play
00:52:32.840
it hey it's tucker carlson you often hear people say the news is full of lies but most of the time
00:52:39.720
that's not exactly right much of what you see on television or read the new york times is in fact
00:52:45.080
true in the literal sense you could pass one of the media's own fact checks lawyers would be willing
00:52:50.360
to sign off on it in fact they may have but that doesn't make it true it's not true at the most basic
00:52:56.680
level the news you consume is a lie a lie of the stealthiest and most insidious kind facts have been
00:53:03.160
withheld on purpose along with proportion and perspective you are being manipulated how does
00:53:09.160
that work let's see if i tell you that a man has been unjustly arrested for armed robbery that is not
00:53:15.080
strictly speaking a lie he may have been framed at this point there's been no trial so no one can really
00:53:20.120
say but if i don't mention the fact that the same man has been arrested for the same crime six times
00:53:26.520
before am i really informing you no i'm not i'm misleading you and that's what the news media
00:53:33.160
are doing in every story that matters every day of the week every week of the year what's it like to
00:53:39.560
work in a system like that after more than 30 years in the middle of it we could tell you stories
00:53:45.240
the best you can hope for in the news business at this point is the freedom to tell the fullest truth
00:53:49.880
that you can but there are always limits and you know that if you bump up against those limits often
00:53:55.800
enough you will be fired for it that's not a guess it's guaranteed every person who works in english
00:54:02.840
language media understands that the rule of what you can't say defines everything it's filthy really
00:54:10.840
and it's utterly corrupting you can't have a free society if people aren't allowed to say what they
00:54:16.120
think is true speech is the fundamental prerequisite for democracy that's why it's enshrined in the first of
00:54:23.000
our constitutional amendments amazingly as of tonight there aren't many platforms left that allow free
00:54:29.320
speech the last big one remaining in the world the only one is twitter where we are now twitter has
00:54:37.400
long served as the place where our national conversation incubates and develops twitter is
00:54:42.600
not a partisan site everybody's allowed here and we think that's a good thing and yet for the most part
00:54:48.600
the news that you see analyzed on twitter comes from media organizations that are themselves thinly
00:54:54.120
disguised propaganda outlets you see it on cable news you talk about it on twitter the result may feel
00:55:00.840
like a debate but actually the gatekeepers are still in charge we think that's a bad system we know exactly
00:55:08.280
how it works and we're sick of it starting soon we'll be bringing a new version of the show we've been
00:55:13.880
doing for the last six and a half years to twitter we bring some other things too which we'll tell you
00:55:18.680
about but for now we're just grateful to be here free speech is the main right that you have without it you
00:55:25.400
have no others see you soon pretty bob old man murdoch suck on that is that a throw down and remember
00:55:37.320
tucker's walking away it's a big payday tucker was the number one guy in the business i think 20 million
00:55:43.560
bucks he's walking right there i think he's at 25 million dollars walking away and they're going to
00:55:47.560
have a a huge throw down in the courts right old man murdoch i told you from the stage of cpac you're
00:55:55.160
corrupt demonic nobody cares nobody cares about you and the tv for stupid people tucker carlson now going to
00:56:02.600
go to twitter and a hard throw down it's all great okay we're gonna take a short break we're
00:56:08.520
coming in for the second hour it's okay i'm gonna give everybody a heads up mccarthy's just announced
00:56:12.760
i think a 6 p.m press conference 6 15 press conference in the capital we're gonna go there
00:56:19.080
we got caroline levitt we got tina deskovitz i got natalie winters we got brian costella we're gonna
00:56:25.240
fit in what we can fit in but we gotta go to this press conference live because you are the ones that are
00:56:29.080
causing this this is your day your head is back and we're into it now the creditors committee
00:56:34.600
chris may not totally happy about the deal we'll see how it develops when biden blows us off be back
00:56:41.400
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