JOINING US HERE ARE KATE DAVIDSON AND SAM KIM.
IT LOOKS LIKE HE IS ON THE VERGE, A HUGE WIN FOR HIM, WHAT
HAPPENS NEXT?
>> THIS IS A STARTING POINT, IT IS ALLOWING HIM TO GO TO THE
WHITE HOUSE AND SAY, HERE IS WHERE WE STAND, LET'S START
THESE CONVERSATIONS. THE WHITE HOUSE HAS BEEN CLEAR
THAT THEY ARE NOT INTERESTED IN TALKING UNTIL REPUBLICANS COME
TO THEM WITH SOMETHING ON PAPER. THIS IS AN IMPORTANT STARTING
POINT FOR THAT NEXT PHASE OF AN AGREEMENT ON HOW TO RESOLVE
THIS ISSUE OF THE DEBT CEILING. JOE:
WE WILL LOOK BACK AT THE 26TH OF APRIL AS THE BEGINNING OF A
CONVERSATION, THE NEXT STOP IS THE X DATE.
>> THE EXIT DATE IS A LITTLE WHILE AWAY.
-- THE X DATE IS A LITTLE WHILE AWAY.
THIS IS VERY IMPORTANT BECAUSE CONGRESS DON'T DO ANYTHING
UNLESS THEY ARE TOLD HERE IS THE DEADLINE.
ANY DAY NOW WE WILL FIND OUT FROM THE TREASURY DEPARTMENT
WHAT THEIR ESTIMATE IS OF A DAY. WHAT WE WILL GET FROM TREASURY,
IT'S NOT GOING TO BE THE DATE THEY EXPECT THE U.S.
COULD DEFAULT. IT WILL COME IN A FORM OF A
LETTER TO CONGRESS, IT WILL SAY THAT WE HAVE CONFIDENCE THAT WE
CAN PAY THESE BILLS THROUGH THIS DATE.
IT COULD BE A DATE IN JUNE, AND DEPENDS ON HOW CORPORATE TAX
SEATS HAVE COME IN.
THERE'S PROBABLY A BUFFER AFTER THAT DATE FOR CONGRESS TO ACT.
ANNMARIE: MANY WERE EXPECTING IT LATER IN
THE SUMMER OR EARLY FALL. JUNE PUTS A LOT OF PRESSURE ON
THESE POLITICIANS. I WANT TO ASK YOU HOW THE WHITE
HOUSE IS PLAYING THIS. CHANGED THE TUNE, IT USED TO BE
SHOW ME A BUDGET AND THEN WE CAN SIT DOWN AND TALK, NOW HE
IS SAYING I AM HAPPY TO MEET WITH YOU, BUT NOT ON THE DEBT
LIMIT BEING EXTENDED. HE IS SAYING TAKE DEFAULT OFF
THE TABLE AND WE CAN EAT. BEFORE IT WAS SHOW YOU OUR
BUDGET -- SHOW US YOUR BUDGET.
>> WHAT THEY ARE -- WHAT THEY DON'T WANT TO ADO -- DO IS TO
NEGOTIATE OVER THE DEBT CEILING. IT HAS TO HAPPEN.
IF YOU WANT TO HAVE A CONVERSATION ABOUT FISCAL
POLICY AND GOVERNMENT SPENDING, WE WILL HAVE THAT CONVERSATION.
BUT WE NEED A -- ASSURANCES YOU WILL SUPPORT A DEBT LIMIT
INCREASE. A LOT REMAINS TO BE SEEN ABOUT
HOW THOSE ISSUES ARE TIED TOGETHER.
I THINK THEY ARE TRYING TO HOLD ONTO CONTROL. JOE:
WE TALKED TO SENATOR TED CRUZ ABOUT THIS YESTERDAY, HIS TAKE
ON THE DEBT CEILING DEBATE.
>> IT IS CRITICALLY IMPORTANT FOR LEADERS IN THE HOUSE AND
THE SENATE FORCE REAL SPENDING REFORMS. UNDER NO CIRCUMSTANCES
SHOULD THE UNITED STATES DEFAULT ON OUR DEBTS.
THERE IS ONE PERSON ON WHEN IT EARTH WHO COULD MAKE THAT 100%
CERTAINTY, THAT IS JOE BIDEN. JOE:
WE WAIT TO HEAR FROM THE WHITE HOUSE.
SENATOR ED MARKEY REACTING TO THE SHOWDOWN EARLIER TODAY.
>> I DON'T THINK SPEAKER MCCARTHY IS ACTING IN GOOD
FAITH. HE IS JUST MAKING A PROPOSAL TO
APPEASE THE MOST RADICAL ELEMENTS OF THE REPUBLICAN
PARTY. WHEN HE GETS SERIOUS, THE DEMOCRATS WILL GET SERIOUS.
JOE: AN INCREDIBLE LACK OF TRUST BETWEEN THE TWO PARTIES AND
BOTH HEADS. IT'S GOING TO BE FASCINATING TO
SEE HOW THIS PANS OUT. ANNMARIE: ALSO HAPPENING, EVEN THOUGH THE
VOTE IS EXCITING, HAVE A PRESIDENT BIDEN MEETING WITH
THE SOUTH KOREAN BIDEN, YOON SUK YEOL.
THESE LEAKS HAVE COME OUT, IT'S A DIFFICULT TIME.
YOU ARE IN SEOUL NORMALLY. HOW COMPLICATED WAS THIS VISIT
DUE TO THE FACT THAT THESE LEAKS HAPPENED?
>> THE SENSE I GOT IN KOREA WAS THE PRESIDENTIAL OFFICE WANTED
TO PLAY THE STONE AS MUCH AS POSSIBLE.
THIS HAPPENED BEFORE THE SUMMIT WITH JOE BIDEN, WHICH IS AN
EVENT -- VERY IMPORTANT PARTNER. THE LOCAL MEDIA SAW THIS AS
SOMETHING LIKE THAT.
THEY WANT TO HAVE THIS PLAY OUT, THE PRESIDENTIAL OFFICE TO
KEEP QUIET ABOUT THIS ISSUE. IT PLAYED OUT FOR THEM WELL.
, IT DIDN'T HURT HIS APPROVAL RATINGS BEFORE COMING TO
WASHINGTON.
PRESIDENT YOON SUK YEOL WANTS TO THINK THIS WAY, THE
RELATIONS WE HAVE BOTH THE U.S. IS MORE IMPORTANT THAN ANY
RISKS OF DAMAGING -- THERE IS A BIT OF SENSE IN KOREA THAT THEY
ASSUME THAT SOMETHING LIKE THAT MIGHT BE HAPPENING. [LAUGHTER]
THERE ARE ABOUT 30,000 U.S. SOLDIERS STATIONED AT THE
CENTER OF THE CITY.
THERE IS A MASSIVE INTELLIGENCE OPERATION.
THEY ARE NOT SPYING ON SOUTH KOREA, BUT THEY NEED TO DO THAT
IN ORDER TO MAINTAIN THIS TREATY AROUND THE PENINSULA.
THEY HAVE CHINA, NORTH KOREA. THIS IS AN IMPORTANT OPERATION
FOR SOUTH KOREA.
YOU MENTIONED TRUST, TRUST IS SOMETHING THAT IS IMPORTANT FOR
KOREA. JOE: THESE TWO PRESIDENTS WENT INTO
OVERTIME IN THE OVAL OFFICE, THERE IS A CONFERENCE BEGAN 90
MINUTES LATE.
WAS IT THE CONVERSATION ABOUT ECONOMIC TENSIONS OR NATIONAL
SECURITY THAT KEPT TO THEM THERE?
>> I WASN'T INSIDE THE MEETING, I CAN'T TELL YOU WITH
CONFIDENCE. THERE IS A LOT MORE TO THE
ALLIANCE BETWEEN SOUTH KOREA AND THE U.S.
THAN THERE USED TO BE.
KOREA IS ONE OF THE BIGGEST SEMI CONDUCTOR MANUFACTURERS IN
THE WORLD.
IN TERMS OF EMARI CHIPS, THEY CONTROL TWO THIRDS OF THE
MARKET. THERE IS A LOT MORE THAT THE
U.S. EXPECTS FROM SOUTH KOREA. THEY WANT TO TURN THINGS AROUND
IN TERMS OF SUPPLY CHAINS AGAINST CHINA. THEY NEED
SOUTH KOREA