The Lead with Jake Tapper cover image

Biden & top congressional leaders meet as U.S. nears default

The Lead with Jake Tapper

00:00

The President Changed the Scope of Negotiation

The president has now what has changed in this meeting is the president changed the scope of who's all negotiating. The real question is how much debt is too much? We're $32 trillion almost, 120% of our GDP. That means it's larger than our economy by 20%. This is the equivalent of your child having a credit card and they hit the limit again and again and again. So do you just increase the limit again? Or do you actually take a serious thought of where you're spending your money?

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