I KNOW THE ADMINISTRATION DOESN'T WANT TO HAVE THIS
CONVERSATION. ARE YOU CONTINUING TO HEAR THIS
ON THE HILL AS A POTENTIAL OPTION? EMILY:
KNOW WHEN I HAVE TALKED TO DEMOCRAT OR REPUBLICAN IS
SAYING THAT DEFAULT IS AN OPTION.
NO ONE WANTS THAT TO HAPPEN. EVEN IF WE TAKE IT FROM THE
PERSPECTIVE OF THE FIVE -- OF THE FINANCIAL MARKET WE EVEN
HAD JANET YELLEN SAY THINGS LIKE SOCIAL SECURITY CHECKS,
VETERANS BENEFITS, THOSE WILL BE CUT AND THOSE ARE THE
BREAD-AND-BUTTER THINGS THAT AMERICANS NEED AND THAT REALLY
COULD IMPACT VOTERS. I THINK THAT'S KIND OF THE KEY
THING HERE. IF YOU ARE AN ELECTED OFFICIAL
IT DOESN'T MATTER IF YOUR JET -- KEVIN MCCARTHY YOU WILL BE
HURT. I THINK THAT HAS KIND OF LED A
LOT OF FOLKS TO KIND OF HAVE THIS DRUMBEAT THAT WHATEVER
THEY DO THEY HAVE TO AVOID DEFAULT.
THEY MAY BE DUG IN RIGHT NOW BUT I THINK SIDES REALLY HAVE
THE GOAL AT THE END. KAILEY: AT LEAST THEY ARE TALKING AT
LEAST THE STUFF IS TALKING FOR BOTH CONGRESSIONAL LEADERS AND
AT THE WHITE HOUSE. JOSH, DO WE HAVE A SENSE OF
WHAT PROGRESS THE TALKS ARE YIELDING?
THE MESSAGE WAS THIS IS A SIGN THAT THERE ARE STEPS FORWARD.
HOW REAL IS THAT? JOSH: YEAH, GOOD VIBES, RIGHT?
I THINK RIGHT NOW A COUPLE OF THINGS TO TAKE AWAY FROM THAT.
THEY SEEM LIKE THEY ARE MOVING QUICKLY.
THEY DIDN'T TALK FOR THREE MONTHS AND THEN THEY SAID WE
ARE GOING TO COME BACK THREE DAYS AFTER WE HADN'T TALKED FOR
THREE MONTHS. NOW THEY ARE SAYING HAULED OFF,
WE ARE GOING TO DO THAT BECAUSE THINGS ARE ACTUALLY GOING
FORWARD. I THINK SOMETIMES PEOPLE MISS
THE NUANCE WE HEARD FROM ANNEMARIE AND THE SECRETARY
WHICH IS AS SOON AS JUNE 1. WE DON'T REALLY KNOW.
WE WILL SEE IF THAT'S THE CASE BUT NOT BE JUNE 1 IT COULD BE
GIN SECOND, JUNE 5, JUNE 8. WHEN IT COMES DOWN TO IT THE
WAY THE MECHANICS WORK THAT IS WHERE THE PRIORITIZATION
QUESTION COMES IN YOU DEFAULT ON THE DAY WHEN YOU CAN'T PAY
THAT DAY'S OBLIGATIONS. THAT MIGHT BE SOCIAL SECURITY
DAY. I DON'T HAVE REPORTING TO ROLL
THIS OUT, SO I CAN'T BE CATEGORICAL.
WERE NOT GOING TO SEND OUT SOCIAL SECURITY CHECKS WHILE
RUNNING FOR REELECTION, I JUST DON'T SEE IT HAPPENING AT ALL.
SO I THINK THAT'S WHAT THEY ARE HOLDING OUT THE OPTION OF THESE
EXTRAORDINARY THINGS. THEY HAVE NOT RULED OUT THE
14TH AMENDMENT. TO TRY TO BUY THEMSELVES A
LITTLE BIT OF TIME BUT THINGS ARE MOVING.
THEY ARE MOVING IN THE WAY IT'S BEEN A BIT SURPRISING TO ME BUT
THEY HAVE DROPPED SOME OF THE CHARADE ON BOTH SIDES OF LITTLE
BIT. FOR JOE BIDEN THAT HAS BEEN DRIVING THE NOTION WE ARE NOT
HAGGLING OVER THE DEBT CEILING. WE ARE NOT NEGOTIATING, OF
COURSE. THE DEBT CEILING IS THE HOSTAGE
IN THE MIDDLE OF THESE TALKS. WE JUST DON'T KNOW WHAT IT WILL
COME TO AN WE DON'T KNOW HOW EACH CAUCUS IS GOING TO REACT.
JOE: WE HEARD FROM THE PRESS SECRETARY TODAY ABOUT THE
DECISION TO POSTPONE THE MEETING UNTIL NEXT WEEK.
HERE'S WHAT SHE SAID.
>> THIS WAS A DECISION PRETTY MUCH DECIDED BY ALL PRINCIPLES.
AT THE PRESIDENT AND THE FULL CONGRESSIONAL LEADERS WILL MEET
EARLY NEXT WEEK WHEN WE HAVE A DATE, WE WILL SHARE THAT WITH
ALL OF YOU. STAFF WILL CONTINUE TO MEET.
THEY WILL MEET TODAY, AND OVER THE WEEKEND.
THE MEETINGS HAVE BEEN PRODUCTIVE.
LEADERS WANTED TO CONTINUE BEFORE THEY REGROUPED. JOE:
IN THAT SAME BRIEFING, THERE IS NO DEAL TO BE HAD ON THE DEBT
CEILING THERE IS NO NEGOTIATION TO BE HAD ON THE DEBT CEILING.
SO HAS ANYTHING CHANGED? EMILY: I THINK SOME THINGS HAVE
CHANGED. THEY ARE VERY SUBTLE AND NOT
SET IN STONE WHICH IS WHY YOU ARE SEEING FOLKS DIG IN THE WAY
THEY ARE. WHEN YOU HAVE THESE STAFFERS
MEETING YOU ARE SEEING A LITTLE BIT MORE OF GIVE AND TAKE.
WE HEAR THINGS LIKE ENERGY PERMITTING REFORM FOR SOMETHING
THEY COULD ACCEPT FROM THE REPUBLICAN PLAN.
COVID FUNDING, THAT MIGHT BE ON THE TABLE.
I WAS SPEAKING WITH BEN KLEIN TODAY ON SOUND ON AND HE
MENTIONED THEY ARE GOING TO WANT TO SEE SOME SPENDING CAPS.
THEY ARE GOING TO WANT TO SEE SOME WORK REQUIREMENTS AND MORE
OF THE ENERGY BILL THAT THIS IS THE GIVE-AND-TAKE WE HAVE BEEN
LOOKING FOR. I HAVE SPOKEN WITH FOLKS ON
CAPITOL HILL, WE THINK WHAT WE'RE GOING TO END UP HAVING IS
IF BIDEN MACCARTHY CAN GET TO A DEAL YOU WILL SEE IT BROUGHT
HOME BY A COALITION OF MORE MODERATE CENTRIST REPUBLICANS
AND MORE MODERATE DEMOCRATS AND THEY WILL BE ABLE TO MOVE THAT,
CROSSLINE THE HOUSE AND GET IT TO BUY THIS DESK IF EVERYTHING
GOES AS PEOPLE ARE HOPING. KAILEY: