A DEBT CEILING STANDOFF COULD PUSH THE FEDERAL GOVERNMENT INTO DEFAULT.

THIS IS ONE OF THE BIG ISSUES FACING CONGRESS.

WE HAVE LONGTIME REPRESENTATIVE BOBBY RUSH FROM THE ILLINOIS FIRST CONGRESSIONAL DISTRICT.

THANK YOU FOR BEING HERE!

GOOD TO SEE YOU.

TOP OF THE AGENDA RIGHT NOW IS A TENTATIVE JUNE 1st DEADLINE WHERE THE U.S. COULD DEFAULT ON DEBT IF CONGRESS DOES NOT AGREE TO FUND THE DEBT CEILING.

>> IT HAS GONE ON TOO LONG AND TOO FAR.

THIS CAR IS RUNNING ON FUMES.

HOW IS THIS GOING TO RESOLVE ITSELF?

WE TALK ABOUT DEBT CEILING LIMITS.

THESE BILLS ARE DUE TODAY.

THERE IS NOTHING TO NEGOTIATE ON PAYING PAST BILLS.

NOW, THEY WANT TO HAVE A DISCUSSION ABOUT THE FUTURE, BUT NOT PAYING BILLS THAT HAVE ALREADY BEEN OCCURRED DOESN'T MAKE SENSE.

>> WHAT IS THE MAIN OBSTACLE TO AN AGREEMENT?

>> 20% CUTS ACROSS THE BOARD, IT IS REALLY A DEFAULT ON AMERICA.

THE DEBT CEILING AND THE RISK-FREE SECURITIES, THERE IS NOTHING TO NEGOTIATE.

ERICA HAD 75% OF THE WORLD CURRENCY.

THAT IS AN EXTREME PRIVILEGE AND HONOR TO HAVE.

WE ARE ONLY 4% OF THE WORLD POPULATION.

RUSSIA, CHINA, INDIA, OTHER CURRENCIES ARE EMERGING.

IF WE DEFAULT, THE BLOOD IS ALREADY IN THE WATER.

THEY WERE ALREADY SHOWING THE RISK OF AN ADJUSTED PREMIUM.

>> SO THE POINT IS THAT THERE WILL BE RAMIFICATIONS ON THE GLOBAL ECONOMY IF THE U.S. DEFAULTS.

I GUESS A PARLOR GAME IS GUESSING WHICH MODERATE REPUBLICANS PRESIDENT BIDEN COULD PICK OFF.

>> I WISH THAT SOME OF OUR COLLEAGUES WOULD UNDERSTAND.

I WENT TO BUSINESS SCHOOL.

I CAN TELL YOU ABOUT THE DEBT CEILING.

I CAN TELL YOU THAT THEY ARE VOTING ALONG PARTY LINES, WHICH IS EVEN MORE SCARY.

IT SEEMS LIKE IT IS DISNEYLAND, A TRUE PLEASURE, AND ON THE WORST DAY IT FEELS LIKE YOU ARE SPENDING A DAY AT HIGH SCHOOL PEOPLE ARE READING THE BOOKS, DON'T KNOW WHAT THE ASSIGNMENT WAS.

YOU DON'T PLAY WITH THE DEBT CEILING.

>> THE IDEA IS THAT PEOPLE OF DIFFERENT IDEAS ON HOW THIS WILL BE RESOLVED AT THIS POINT.

THERE IS NOT MUCH TIME LEFT.

WE WILL KEEP WATCHING.

IN A WEEK, TITLE 42 WILL END, WHICH COULD SEE LOTS MORE MIGRANTS COMING TO THE BORDER.

HOW SHOULD THE FEDERAL GOVERNMENT ATTACK THIS?

DO YOU ANTICIPATE A SURGE TOWARDS THE BORDER?

>> WHAT IS A BRINGING PEOPLE ACROSS THE BORDER?

SAFETY, SECURITY, OPPORTUNITY.

THE PEOPLE ARE IN DESPERATION.

IF SOMEBODY DECIDES TO LEAVE WITH NOTHING MORE THAN THE SHIRT ON THEIR BACK TO A COUNTRY WHERE THEY DON'T SPEAK THE LANGUAGE, THAT IS JUST RATION.

PEOPLE ARE BEING TAKEN AWAY FROM THEIR OWN COUNTRIES.

WE HAVE TO HAVE THE INITIATIVE TO HELP.

I THINK THAT AMERICA IS BIG ENOUGH AND WE CAN BE COMPASSIONATE ENOUGH TO INCORPORATE EVERYBODY UNDER A FAIR POLICY.

I AM GOING TO PROPOSE THE RESTORATION ACT.

WE CANNOT HAVE 4.7 MILLION AMERICANS OFF OF THE VOTING ROLLS.

I WANT TO SEE A PATH FOR IMMIGRANTS TO COME IN AND FIND A PATHWAY TO CITIZENSHIP.

I WANT THOSE WHO HAVE BEEN THROUGH THE JUDICIARY TO HAVE VOTING RIGHTS RESTORED.

>> ARE YOU TALKING ABOUT RELEASED FELONS?

>> CORRECT.

IT IS UNFAIR BUT I DO BELIEVE THAT WE CAN HOUSE AMERICANS.

I'M SO IMPRESSED WITH THE POLISH COMMUNITY.

TWO OR 3 MILLION AMERICANS FLED INTO POLAND.

POLAND TOOK THESE UKRAINIAN PEOPLE INTO THEIR HOMES, INTO THEIR SCHOOLS.

THEY DIDN'T MISS A BEAT.

>> SO THERE IS ROOM FOR MORE CAPACITY.

THE REPUBLICAN MAJORITY IN THE HOUSE, IS THERE ANY KIND OF LEGISLATION THAT WOULD GET BIPARTISAN AGREEMENT?

>> THIS IS THE FRUSTRATING PART OF OUR TIME IN THE CONGRESS.

WHERE CAN WE GET MIDDLE GROUND ON GUN LEGISLATION?

THERE IS A GENERATION OF YOUNG ACTIVISTS WHO ARE LOOKING TO MAKE A DIFFERENCE ON THIS ISSUE.

THIS IS TRAUMATIZING A GENERATION.

IN TENNESSEE, THESE YOUNG MEN WERE FIGHTING TO STOP THE PROLIFERATION OF AR-15 WEAPONS.

THESE WEAPONS ARE MORE POWERFUL THAN WHAT POLICE HAVE.

YOU ALSO HAVE MEMBERS OF CONGRESS GOING AROUND THE FLOOR AND PASSING OUT AR-15 LAPEL PINS.

YOU HAVE THEM GOING TO THE RESOURCE COMMITTEE ASKING IF THEY CAN BRING GUNS.

THAT IS INSANITY!

>> THAT IS VERY INTERESTING.