Transcript for Debt ceiling deal heads to Biden's desk
IN ORDER TO AVOID THAT
CATASTROPHIC DEFAULT.
NOW JUST THREE DAYS AWAY,
NOW JUST THREE DAYS AWAY,
AND AS MANY AMERICANS BREATHE
AND AS MANY AMERICANS BREATHE
A SIGH OF RELIEF,
A SIGH OF RELIEF,
THE CATASTROPHE HAS BEEN
THE CATASTROPHE HAS BEEN
AVERTED.
AVERTED.
THE LABOR DEPARTMENT HAS
THE LABOR DEPARTMENT HAS
RELEASED A BETTER THAN EXPECTED
RELEASED A BETTER THAN EXPECTED
JOBS REPORT, ANOTHER BETTER
JOBS REPORT, ANOTHER BETTER
THAN EXPECTED JOBS REPORT FROM
THAN EXPECTED JOBS REPORT FROM
LAST MONTH.
LAST MONTH.
THE U.S. ECONOMY JUST CAN'T
THE U.S. ECONOMY JUST CAN'T
STOP AT IT AT A THREE HUNDRED
STOP AT IT AT A THREE HUNDRED
AND THIRTY NINE THOUSAND JOBS.
AND THIRTY NINE THOUSAND JOBS.
IT'S WAY BETTER THAN EXPERTS
IT'S WAY BETTER THAN EXPERTS
EXPECTED.
EXPECTED.
WHILE THE UNEMPLOYMENT RATE DID
WHILE THE UNEMPLOYMENT RATE DID
RISE TO THREE POINT
RISE TO THREE POINT
SEVEN PERCENT, A LOT OF PEOPLE
SEVEN PERCENT, A LOT OF PEOPLE
LOOKING FOR MORE JOBS.
LOOKING FOR MORE JOBS.
SO LET'S BRING IN OUR JAIL,
SO LET'S BRING IN OUR JAIL,
BRIAN .
BRIAN .
CAPITOL HILL, ALONG
CAPITOL HILL, ALONG
WITH BUSINESS REPORTER
WITH BUSINESS REPORTER
ALEXIS CHRISTOFOROUS.
ALEXIS CHRISTOFOROUS.
SO, JAY, FIRST, WHEN WILL BIDEN
SO, JAY, FIRST, WHEN WILL BIDEN
SIGN THIS BILL ?
SIGN THIS BILL ?
>> WHAT DOES THAT LOOK LIKE?
>> WHAT DOES THAT LOOK LIKE?
WELL, WE JUST HEARD FROM WHITE
WELL, WE JUST HEARD FROM WHITE
HOUSE PRESS SECRETARY
HOUSE PRESS SECRETARY
KARINE JEAN-PIERRE, WHO SAYS
KARINE JEAN-PIERRE, WHO SAYS
THE PRESIDENT WON'T SIGN IT
THE PRESIDENT WON'T SIGN IT
TODAY.
TODAY.
HE COULD SIGN IT AS EARLY
HE COULD SIGN IT AS EARLY
AS TOMORROW.
AS TOMORROW.
THERE'S A FORMAL PROCESS THAT
THERE'S A FORMAL PROCESS THAT
HAS TO HAPPEN AFTER
HAS TO HAPPEN AFTER
THE CONGRESS PASSES A PIECE OF
THE CONGRESS PASSES A PIECE OF
LEGISLATION AND IT HAS TO GET
LEGISLATION AND IT HAS TO GET
WHAT'S CALLED ENROLLED AND THEN
WHAT'S CALLED ENROLLED AND THEN
SENT TO THE PRESIDENT .
SENT TO THE PRESIDENT .
THE PRESIDENT HAS TO PUT PEN TO
THE PRESIDENT HAS TO PUT PEN TO
PAPER HERE BY MONDAY.
PAPER HERE BY MONDAY.
WHICH BY ALL ACCOUNTS, HE
WHICH BY ALL ACCOUNTS, HE
WILL .
WILL .
HE'S ON TRACK TO THAT.
HE'S ON TRACK TO THAT.
OF COURSE, MEANS HE SIGNS
OF COURSE, MEANS HE SIGNS
THE DEBT CEILING DEAL , RAISES
THE DEBT CEILING DEAL , RAISES
THE DEBT CEILING BEFORE THAT
THE DEBT CEILING BEFORE THAT
DATE, WHICH IS MONDAY.
DATE, WHICH IS MONDAY.
AND AS YOU SAID, TERRY , THAT
AND AS YOU SAID, TERRY , THAT
IS A BIG SIGN OF RELIEF BECAUSE
IS A BIG SIGN OF RELIEF BECAUSE
THERE WAS CONSTERNATION AS TO
THERE WAS CONSTERNATION AS TO
WHETHER OR NOT THIS WILL GET
WHETHER OR NOT THIS WILL GET
ACROSS THE GOAL LINE BEFORE
ACROSS THE GOAL LINE BEFORE
MONDAY.
MONDAY.
AND I CAN TELL YOU , EVEN
AND I CAN TELL YOU , EVEN
VISUALLY, THERE'S A SIGN OF
VISUALLY, THERE'S A SIGN OF
SIGH OF RELIEF HERE IN
SIGH OF RELIEF HERE IN
THE CAPITOL.
THE CAPITOL.
THIS I THINK WE'VE GOT THIS
THIS I THINK WE'VE GOT THIS
VIDEO.
VIDEO.
THIS IS WHAT THE CAPITOL LOOKED
THIS IS WHAT THE CAPITOL LOOKED
LIKE EARLIER THIS WEEK.
LIKE EARLIER THIS WEEK.
YOU'RE SEEING IT IN THAT BOX
YOU'RE SEEING IT IN THAT BOX
THERE.
THERE.
THAT'S WILL ROGERS.
THAT'S WILL ROGERS.
THAT'S THE EXACT HALLWAY THAT
THAT'S THE EXACT HALLWAY THAT
I'M STANDING IN RIGHT NOW WHEN
I'M STANDING IN RIGHT NOW WHEN
KEVIN MCCARTHY WOULD COME
KEVIN MCCARTHY WOULD COME
THROUGH THE HALLWAY.
THROUGH THE HALLWAY.
THIS WAS AS EARLY AS WEDNESDAY
THIS WAS AS EARLY AS WEDNESDAY
DURING THE VOTES.
DURING THE VOTES.
AND HE WOULD GAGGLE
AND HE WOULD GAGGLE
WITH REPORTERS AND BE ASKED,
WITH REPORTERS AND BE ASKED,
IS THIS GOING TO PASS?
IS THIS GOING TO PASS?
WHAT'S IN THE DEAL, ET CETERA,
WHAT'S IN THE DEAL, ET CETERA,
ET CETERA.
ET CETERA.
NOW, IF YOU COME OUT FULL TO US
NOW, IF YOU COME OUT FULL TO US
HERE, AND LOSE THE BOX, THIS
HERE, AND LOSE THE BOX, THIS
IS WHAT IT LOOKS LIKE NOW.
IS WHAT IT LOOKS LIKE NOW.
THE HALLWAYS EMPTY.
THE HALLWAYS EMPTY.
THERE ARE NO LAWMAKERS HERE.
THERE ARE NO LAWMAKERS HERE.
THEY'VE ALL GONE HOME.
THEY'VE ALL GONE HOME.
THEY'VE ALL DONE THEIR JOBS.
THEY'VE ALL DONE THEIR JOBS.
THE PEOPLE HERE ARE TOURS
THE PEOPLE HERE ARE TOURS
COMING THROUGH THE CAPITOL,
COMING THROUGH THE CAPITOL,
AS THEY OFTEN DO ON FRIDAY.
AS THEY OFTEN DO ON FRIDAY.
SO VISUALLY, A SIGN HERE THAT
SO VISUALLY, A SIGN HERE THAT
CONGRESS'S WORK IS DONE.
CONGRESS'S WORK IS DONE.
THE PRESIDENT HAS GOT TO SIGN
THE PRESIDENT HAS GOT TO SIGN
IT.
IT.
HE'S ON TRACK TO THIS WEEKEND.
HE'S ON TRACK TO THIS WEEKEND.
WE SHOULD POINT OUT THAT MANY
WE SHOULD POINT OUT THAT MANY
AT TIMES, TOO, JAY WAS DOING
AT TIMES, TOO, JAY WAS DOING
A LIVE SHOT AND YOU CAN SEE HIM
A LIVE SHOT AND YOU CAN SEE HIM
RIGHT THERE.
RIGHT THERE.
HOLD ON JUST A SECOND.
HOLD ON JUST A SECOND.
STICKING THE MICROPHONE OUT
STICKING THE MICROPHONE OUT
THERE TO GET INSIDE THE SCRUM.
THERE TO GET INSIDE THE SCRUM.
SO, JAY, DESPITE PASSING BOTH
SO, JAY, DESPITE PASSING BOTH
THE HOUSE AND THE SENATE,
THE HOUSE AND THE SENATE,
THE BILL IS STILL GETTING A LOT
THE BILL IS STILL GETTING A LOT
OF BACKLASH.
OF BACKLASH.
>> YEAH, AND THEY LOST VOTES IN
>> YEAH, AND THEY LOST VOTES IN
THE FRINGES OF BOTH PARTIES.
THE FRINGES OF BOTH PARTIES.
AND THAT WAS SOMETHING THAT
AND THAT WAS SOMETHING THAT
I CAN TELL YOU THAT BOTH
I CAN TELL YOU THAT BOTH
DEMOCRATIC LEADERSHIP
DEMOCRATIC LEADERSHIP
AND REPUBLICAN LEADERSHIP IN
AND REPUBLICAN LEADERSHIP IN
THE HOUSE AND SENATE EXPECTED,
THE HOUSE AND SENATE EXPECTED,
PARTICULARLY IN THE HOUSE WHEN
PARTICULARLY IN THE HOUSE WHEN
YOU SAW A GROUP OF 70 PLUS
YOU SAW A GROUP OF 70 PLUS
REPUBLICANS VOTE AGAINST THIS
REPUBLICANS VOTE AGAINST THIS
AND IN SOME INSTANCES TRY
AND IN SOME INSTANCES TRY
TO STOP THIS BILL FROM EVEN
TO STOP THIS BILL FROM EVEN
GETTING THE FLOOR IN THE FIRST
GETTING THE FLOOR IN THE FIRST
PLACE.
PLACE.
AND KEVIN MCCARTHY HAS
AND KEVIN MCCARTHY HAS
ACKNOWLEDGED HE'S GOT
ACKNOWLEDGED HE'S GOT
SOME REBUILDING TO DO
SOME REBUILDING TO DO
WITH FURTHER RIGHT MEMBERS OF
WITH FURTHER RIGHT MEMBERS OF
HIS CONFERENCE TO MAKE SURE
HIS CONFERENCE TO MAKE SURE
THAT THEY HAVE CONFIDENCE IN
THAT THEY HAVE CONFIDENCE IN
HIM GOING FORWARD, THAT
HIM GOING FORWARD, THAT
THEY ARE NOT TOO ANGRY ABOUT
THEY ARE NOT TOO ANGRY ABOUT
THIS DEBT DEAL , THAT
THIS DEBT DEAL , THAT
THEY POTENTIALLY TRY TO MOVE
THEY POTENTIALLY TRY TO MOVE
AGAINST HIM, SOMETHING OF THAT
AGAINST HIM, SOMETHING OF THAT
NATURE.
NATURE.
THERE'S A HANDFUL OF LAWMAKERS
THERE'S A HANDFUL OF LAWMAKERS
WHO SAY THAT THEY WANT TO TRY
WHO SAY THAT THEY WANT TO TRY
TO OUST MCCARTHY AS A RESULT OF
TO OUST MCCARTHY AS A RESULT OF
THIS DEBT DEAL .
THIS DEBT DEAL .
IT'S UNCLEAR IF THOSE EFFORTS
IT'S UNCLEAR IF THOSE EFFORTS
WOULD REALLY COME TO FRUITION,
WOULD REALLY COME TO FRUITION,
BUT CERTAINLY AN ACKNOWLEDGMENT
BUT CERTAINLY AN ACKNOWLEDGMENT
FROM BOTH PARTIES THAT THERE
FROM BOTH PARTIES THAT THERE
WERE PEOPLE WHO DIDN'T LIKE
WERE PEOPLE WHO DIDN'T LIKE
THIS DEAL .
THIS DEAL .
THEY DIDN'T LIKE ELEMENTS OF
THEY DIDN'T LIKE ELEMENTS OF
IT, THAT THEY WEREN'T GOING
IT, THAT THEY WEREN'T GOING
TO GET EVERYTHING THEY WANTED
TO GET EVERYTHING THEY WANTED
IN IT IN THIS DEAL .
IN IT IN THIS DEAL .
VERY MUCH SOMETHING YOU AND
VERY MUCH SOMETHING YOU AND
I HAVE TALKED ABOUT OVER
I HAVE TALKED ABOUT OVER
THE LAST FEW DAYS THAT WAS
THE LAST FEW DAYS THAT WAS
BROUGHT OVER THE GOAL LINE
BROUGHT OVER THE GOAL LINE
BY MODERATES IN BOTH PARTIES.
BY MODERATES IN BOTH PARTIES.
GUYS, THINK OF THAT.
GUYS, THINK OF THAT.
THE MOTHER RETURN OF
THE MOTHER RETURN OF
THE MODERATES, THE MODERATE
THE MODERATES, THE MODERATE
UNDEAD.
This transcript has been automatically generated and may not be 100% accurate.