tv CNN Newsroom With Poppy Harlow and Jim Sciutto CNN September 22, 2021 6:00am-7:01am PDT
team. let's do it. >> i'm totally in. what do we call it? >> god help us. that's what we call it. >> lord have mercy. >> thank you very much. it was a wonderful story. great to share these inspirational stories all week. and tune in saturday at 8:00 p.m. eastern for "champions for change", the one hour special. cnn's coverage continues right now. very good wednesday morning to you. i'm jim sciutto. nice to be next to you. >> nice to do this whole thing in person. i'm erica hill. negotiator in chief, hours from now president biden set to speak with house speaker nancy pelosi and senate majority leader chuck schumer as well as other key democrats. all of this of course as economic agenda faces an uncertain future with a major divide with members of his own party. right now liberal and moderate democrats in a fierce standoff,
biden's $1 trillion infrastructure plan, we know that's in limbo, progressives digging in their heels confirming they'll vote against the bipartisan bill on monday, all of this playing out as moderates are adamant the package be brought to a vote next week. >> we're going to get our work done on our reconciliation bills as we have always said. >> by monday? >> that's the plan. that's the plan. >> pramila jayapal said she will vote against this with half of her caucus if it has not passed congress by then. >> we'll all cross these bridges when we come to them. this is called the legislative process. >> division in the democratic ranks, centered around a $3.5 trillion budget plan. liberals are holding the bipartisan infrastructure plan hostage in order to get that giant budget bill passed. the problem some members of their own party say that price tag, $3.5 trillion, is too high. all of this as the white house faces yet another, a potential
of an economic problem, the house voting to avoid a government shutdown and increase the borrowing limit, doesn't have the votes in the senate, which means the democrats may be forced to act alone to avoid a debt crisis. that would be bad. cnn congressional correspondent lauren fox and white house correspondent jeremy diamond are following all of this this morning. on the hill what's happening? i mean, is there a way to a deal here. there is a case of friendly fire. democrats versus democrats. is there a path out of this? >> reporter: well, this week is really critical. the meetings today at the white house another critical moment as the president tries to make the appeal to his caucus, to members of the progressive and moderate wing, that this agenda has to be happening because both sides are giving something. and right now that's just not clear it is going to happen this is what the lead progressive pramila jayapal told cnn this
morning about where things stand with moderates. >> other people are willing to crash the entire democratic agenda by refusing to come together on the reconciliation bill, which was the promise that was made. so i want to be very clear. we are the only people in the room right now that have said we want both bills done. >> reporter: it is unclear whether or not moderates would be able to give her some kind of promise that maybe would satisfy progressives at this point. but, look, i think the progressive wing of the party feels like they have already given a lot. they already came down from their $6 trillion price tag that they wanted for this bigger economic bill and they are now at $3.5 trillion. as you know, moderates in the senate like kirsten sinema, joe manchin, think that $3.5 trillion is too high. they have other issues with some of the tax increases on wealthy americans that may be included in this bill and there are issues with a prescription drug provision and that's just really
naming a few. so at this point it is not clear that moderates and progressives will come together, but the white house really going to try to drive home the point this afternoon in multiple meetings with both sides of the caucus that, look, you may not get everything you want, but if you want to get anything at all, everyone needs to sort of relax, give this time to play out, and make good on a promise to pass at least this bipartisan infrastructure bill in the meantime. >> lauren, thank you for that. jeremy, in terms of that meeting that lauren just said with democrats later today including speaker pelosi, leader schumer, what do we expect to come out of this? how much capital does the president still have left at this point to bring his caucus together? >> reporter: well, if you were wondering whether or not this is truly crunch time for this reconciliation effort, then all you have to do is look at the series of meetings that president biden is going to be holding today. the fact that president biden is
going to be meeting not only with the house speaker nancy pelosi and senate majority leader chuck schumer, but meeting with key progressives and moderates in several meetings throughout the day, that just shows you how close we are to a do or die moment and how focused the white house is on trying to bridge those divides between the moderate and progressive factions of the democratic party. look, president biden is somebody who has decades of legislative experience, and certainly democratic leaders are hoping he can bring those to bear today to try and find some way to bring these two sides who are very far apart back together in order to get something done. even if it is not a perfect something, but so that democrats can say that they delivered on something, this is perhaps the last moment for president biden and democrats to deliver on major legislative priorities before the 2022 midterms, the white house is keenly aware of that, and so they're going to do everything they can and that's why you're seeing the president get so personally involved
today. now, whether or not he can do that is a whole other question. we know he was able to bring some republicans on board alongside democrats to pass that bipartisan infrastructure bill in the senate earlier this summer, so we saw some of his ability to, you know, do this legislation, this kind of legislative bargaining with democrats and republicans. now the question is can he do it within his own party, bringing these two different factions together to get something done. >> wouldn't be first time to play a game of chicken and everybody loses. lauren fox, jeremy diamond, great to have you both on. all right, so the debt limit, when it comes to the debt limit, the u.s. is one of just a handful of countries in the world that even has one. it is to be clear the maximum the federal government is allowed to borrow to pay for last year's bills. this is not about future spending, it is about last year's bills. so here are the facts on how it works. congress passed the first debt ceiling 1917 in hopes that it
might curb spending growth, but that's been frankly an abysmal failure. every single time it has come up in congress since then, it has been raised. 78 times, in past 50 years. under both republican and democratic presidents and mostly in bipartisan fashion. the u.s. currently has nearly $29 trillion in debt, trillion, and according to u.s. treasury roughly $8 trillion of that is from the trump era, including principally his tax cuts and the early covid stimulus plans. that's what congress is faced with paying for right now. not any of the new proposals from the biden administration, and yet republicans are trying to justify their no votes by saying they don't want to fuel the democrats future big spending plans. senate minority leader mitch mcconnell taking a different tone, you might note on this debt ceiling vote than he did when republicans were in power. >> speaker pelosi and her far
left base decided the politics of obstruction would come before common sense policymaking. no negotiation, no collaboration, political game playing. to reject this proposal democrats would have to prioritize political combat with the president ahead of federal workers. >> the government has never actually defaulted on its debt to be clear. it has come close. but if that were to happen, janet yellen says it would set off a widespread economic catastrophe. she sent an open letter to congress to urge them to raise the ceiling. in a wall street journal op-ed, she warned if it does not happen, quote, nearly 50 million seniors could stop receiving social security checks for a time, troops could go unpaid, millions of families who rely on the monthly child tax credit could see delays. it would have a lasting impact on interest rates which means you would pay more for, say, mortgage payments, car loans, and credit card bills.
it is important so you got to keep watching. >> absolutely. joining us now, political playbook co-author tula inaripa. as we see this back and forth, we heard from congressman jayapal a short time ago on cnn saying other people are willing to crash the entire democratic agenda. it is very clear the messaging from these two camps here. i think the reality is for people at home they see it as democrats, not getting something done. who is going to blink first? >> your guess is as good as mine right now. i think today this is a big test for president biden. he has sort of touted he has relationships in congress and he can get stuff done when it comes to legislation. we did as jeremy said just a few minutes ago see him do this with the bipartisan infrastructure deal, but this is a little different. he's bringing these progressives and moderates in the house who are at odds to come to the white house to try to make peace, but he doesn't have the
relationships in the house that he had in the senate and still has in the senate. so if you go back a couple of weeks ago, he was trying to convince some very house moderates to support a budget deal in that chamber. it was nancy pelosi who convinced him to do it, not the president. which shows what he's got a problem here and that was a moderate democrat. he has to convince progressive democrats to accept this bipartisan infrastructure bill without the larger social spending package they want as well to go hand and hand. i think it is going to be a tough sell for him. they're both playing chicken now. clearly the first vote will be the vote on infrastructure on monday, and so the big question now is can they get progressives to support something like this. >> and let's be clear, the president's relationship with democratic progressives now not great. look at the reaction to the border patrol response to the migrants on the boarder there steny hoyer hopes s biden has
special sauce to unite democrats. what is their perception of his leadership, of his presidency? does he have waning influence and power? >> his poll numbers are going down and that makes it harder for him to use the bully pulpit to gather the party behind him saying i am a popular president, everyone get on board with my agenda. he has campaigned both as a progressive and as a moderate, said he would work across the aisle, against things like medicare for all and some other progressive things on the progressive plat fforms but the put up a $3.5 trillion build back better plan that has a lot of progressive ideals inside of it. he's been straddling between the two wings of the party and now he is at a point of choosing where he has to decide which side he is going to go with or how he's going to bring the two sides together. it is a very difficult thing for
him to do, especially at a time when covid numbers continue to be bad for him, the economy has gotten better, but still millions of people that are out of work and there still seems to be an issue with the president showing how he's going to move forward in terms of building leadership, everything from afghanistan to how he -- the migrant situation. it is a difficult thing he has to do. a tough summer for him. he has to go into the fall and refigure out how he's going to move forward with the two sides of his party. >> the reality is so much of his agenda, so much of his ability to get things done in his first term, that's all riding on this right now. >> right. and it is not just him. democrats are going into a really tough midterm election year. the party in power loses two dozen house seats to the other party and now democrats only have a three-seat majority in the chamber. so they want to campaign -- a lot of them want to campaign on something, want to take home a
big bipartisan win, you aknow, look, say we have give downfden you family leave. but there is a small faction who would rather have neither of them over overspend. it is a staredown now and could have serious implications on their ability to keep the house when they're already having this uphill battle to keep the chamber. >> tolu, timingwise, is this basically the end in effect. if you lose a house as many predict, in the midterms, it is the first year, really, of the president's administration, where he has his maximum legislative influence, if this fails, is the biden presidency, the success of it, at risk? >> well, this is definitely time for the special sauce if the president has it. he did spend six terms in the senate. he was the president of the senate as the vice president for eight years. he has those relationships. this is the time, crunch time for him to use some of those legislative skills to bring
forth the sort of rabbit out of the hat and get all of this done. if he does, that would be good for his prospect goesing into the midterms. >> tolu, rachel, great to see you both this morning, thank you. up next, former president trump now suing his niece for at least $100 million for disclosing some of his tax information. her response, she says he's a loser. we'll discuss whether that suit has any legal merit. the search is intensifying for brian laundrie as an autopsy confirms that his fiancee gabby petito was the victim of a homicide. hear what investigators are focused on today. and new details about the thousands of migrants at the texas border, we're learning that dhs is releasing some into the u.s.
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former president trump, perhaps family, is suing someone else. this time his estranged niece and three-time -- and three "new york times" investigative reporters, accusing the group of hatching what the lawsuit calls an insidious plot to get their hands on private records ultimately published in a 2018 story about his taxes. mary trump identified herself as the source of the leaked documents last year. >> cnn's sara murray joining us now. sara, just remind us what did those documents reveal? >> reporter: well, look, they revealed some of his tax information and so now the former president is doing his niece mary trump as well as the "new york times" reporters saying mary trump is in breach of a contract and the reporters got in the way of the former president's contractual and business dealings. "the new york times" says it
stands by its reporters, they say this is an effort to silence the paper. mary trump had a more colorful statement in response to finding out about the lawsuit. she said, i think he's a loser and he's going to throw anything against the wall he can. it is desperation. the walls are closing in and he's throwing anything against the wall that he thinks will stick. as is always the case with donald, he'll try and change the subject. so clearly no sides backing down on this lawsuit at this point, guys. >> another story, more evidence that the big lie, such a lie, that even trump's team knew it was a lie, the times reporting that before trump lawyers floated conspiracy theories about voting machines in the 2020 election, that they knew that they looked at it and knew a lot of the evidence or evidence they claimed to be evidence was false. >> reporter: that's right. i think anyone who paid any attention around the election saw sydney powell, rudy giuliani out there floating wild conspiracy themes about dominion voting systems. but "the new york times" got their hands on court filings
dealing with a lawsuit from a former dominion employee who is suing the trump campaign and other entities for defamation and in this said there is this campaign memo that is debunking a number of these wild claims about dominion, things like the notion that dominion was somehow connected to antifa. a lot of this came before we saw rudy giuliani and sydney powell out there spreading these things. "the new york timetimes" says i deposition related to this, rudy giuliani says he never saw the memo. there is clear open source stuff and very obvious it was easy to debunk this. this has not stopped former president trump from still trying to spread all of this information, just days ago wrote a new letter to georgia secretary of state brad raffensperger asking him to overturn the election in georgia. it says i would respectfully request that your department check this and if true along with many other claims of voter fraud and voter irregularities start the process of
decertifying the election, or whatever the correct legal remedy is and announce the true winner. he was on cnn earlier this morning to react to that letter. here's what he had to say. >> i look at his letters as a plea for attention. he knows he's lost. he's been told that multiple times by a lot of people. but at the end of the day, that information he talked about, we open up an investigation, we have lots of investigations that go on, and then once we have our findings we report those to the state election board for final disposition. but the fact is that president trump did not carry the state of georgia. >> reporter: i think what this shows us is the former president is going to continue carrying on the big lie, doesn't matter how many people he tells, it doesn't matter he's under criminal investigation for his efforts to try to overturn that election, he's still out there peddling lies. there was not widespread fraud, not widespread voter
irregularities, the vote will not be overturned. >> many are repeating that lie. sara murray, thanks so much. here to discuss, former president prosecutor and cnn senior legal analyst laura coates. good to have you on. briefly if i can on this trump lawsuit because trump files a lot of lawsuits, most of them not serious at all, is this one serious? to pursue, he would have to see -- cooperate with discovery, documents, which would arguably reveal more about his taxes and tax returns than we know already. >> he would actually have to do that and prove other factors here. there was an unsuccessful suit brought a member of his family trying to stop the publication of the book initially. we had a whole slew of threats by the former president against media outlets who published information about his private data, he says, or his financial data or attempts to do so.
and part of what is included in this particular lawsuit is a discussion of actual malice, which leads me to believe they're conflating what he's already tried to pursue, first amendment type litigation against news organizations, hoping to say they did so or published data only with actual malice to get around that defamation criteria for a public figure like a former president of the united states. the idea here as one of the journalists talked about, that they knock on the door of mary trump, she answered and is in that journalism. and we have not had a full accounting of whether there has been that confidentiality agreement that was signed 20 years ago, whether it still stands today, or whether it was so vague as to not be allowed to be or able to be followed. so we got a little bit ahead of us still. >> i want to pick up on, we have a couple of topics this morning, with raffensperger in georgia, the fact there is a new letter when there is still as we know a criminal investigation going on,
how could that impact those efforts? >> well, it is surreal and in so many respects that the former president is still knocking on this closed door. he's still trying to use at this point in time extra judicial review of an area that has been decided. and really it is -- it shouldn't shock anyone that a big lie has continued to have legs because so many people have been supportive of it, have been speaking about it, in spite of what sara said, the actual knowledge that there is no truth behind it, nothing has been substantiated and even attempts to go into the court of law to say to judges who are receptive in wanting to hear information about any indication of widespread abuse or voter fraud and they received and heard confli crickets. they were trying to lean on a government official to try to change the election results is
really shocking and it is one in which i'm wondering who his legal counsel is that is advising him. we know several other people who were in the legal team of donald trump have already had either their license suspended or they're being sued for defamation, knowing what they said was false. and so it is really surprising he continues to do so. my only guess is this is a political endeavor and a way to try to stay relevant. >> here is the problem though, right, this is a playbook to be used again for 2024. by the way, since the 2020 election, steps have been taken that make it at least more realistic to carry out the playbook, right? putting partisan republicans into positions that typically were nonpartisan, election officials who may very well say, well, actually, i refuse to certify this or there is an alternate state of electors. looking ahead as a lawyer, do you see trump and allies and members of the party laying the ground work to try this again
and perhaps with a greater chance of success? >> yes. not only are they creating a blueprint, it is being followed in places like georgia already. raffensperger has been resolute in his opposition to it. remember, the legislature and that state and others have tried to, i think the phrasing was, tries to be proactive against the things alleged in spite of knowing it did not happen. the idea of taking it out of the hands of independent elected officials and being able to say, well, we're going to decide what ultimate votes should be counted, and, remember, we're talking about the section two of the voting rights act, the intention of the department of justice, the civil rights division to pursue litigation under that particular section, you're talking about an attempt and acknowledgement by the attorney general that there will be future endeavors, not only to have a blueprint, but act on it and have states be the people to essentially carry out the directives of the big lie. >> it is happening in plain sight, in plain sight.
>> laura coates, appreciate it. good to see you, thanks. former president george w. bush hoping to provide a boost to congressman liz cheney's election bid by holding a fund-raiser for her next month. that's according to a source who says the support would be at odds with former president jump who endorsed cheney's challenger after the congresswoman voted to impeach him earlier this year. new details on the ongoing crisis at the southern border. cnn is learning that some of the thousands of haitian refugees crowded near the border are being released into the u.s. we'll take you there live to explain in a moment.
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the fbi is treating the death of gabby petito as a homicide after an autopsy yesterday. today, investigators continuing with that massive search of florida reserve, nature reserve, in hopes of finding brian laundrie who hasn't been seen now in over a week. >> you may remember laundrie returned home from a road trip september 1st without petito, refused to answer questions about her disappearance before he went missing. at this time, laundrie has not been charged or named a suspect. we should be clear on that. amara walker is live in venice, florida, this morning. what is the latest here? where are they focusing their search now for laundrie? >> reporter: we don't know the details right now of the search, jim and erica. you're right when you say the focus right now is the carlton
reserve here behind me. that search got under way about an hour and a half ago for brain laundrie, this 25,000 acre reserve. and just about an hour ago we did see a lot of trucks arriving with all terrain vehicles and other equipment. we also saw some bloodhounds inside the vehicles with the search team. so they're going to need all the help they can get to be honest. we're talking about really unforgiving terrain here behind me. authorities saying that much of this reserve is covered in water, waist deep water, alligator and snake infested. but also the focus also on a new tip regarding the whereabouts of brian laundrie from just a few weeks ago. let's go through some of the timeline to kind of help us piece together these twists and turns that we have been seeing. august 12th is when there was a reported altercation between gabby petito and fiance brian laundrie in moab, utah.
police responded. august 27th, petito's mother gets a quote/unquote odd text from her daughter, according to an affidavit, and that is believed to have been the last communication from petito. then two days later, on august 29, a woman by the name of miranda baker says and actually posts a series of videos on tiktok saying that she picked up a hitchhiker. that hitchhiker being brian laundrie. here is what she said in some video messages. >> he approached us, asking us for a ride because he needed to go to jackson, which we were going to jackson that night. i said hop in, he hopped in the back of my jeep. before he came in the car, he offered to pay us like $200 to give him a ride. like, ten miles. so that was kind of weird. he then told us he's been camping for multiple days without his fiancee, he did say he had a fiancee, and she was
working on their social media page back at their van. >> now, north port police have confirmed to cnn that miranda baker spoke with the police department before posting the videos and a spokesperson saying her account is plausible. though cnn has not been able to independently verify her claims. and then a few days after this alleged encounter on august 29th, september 1st, things get really interesting because brian laundrie shows up at his north port, florida, home, without petito. on september 14th, his parents say he disappeared with a backpack to go hiking into the carlton reserve. but they didn't tell police until four days later. so a lot of questions about why they waited to talk to police. but right now the focus is on where is brian laundrie. jim and erica? >> amara walker, good to have you on the story. thanks so much.
there are new details on another story we have been following. what is happening with the migrants amassed at the border crossing in del rio, texas. >> the department of homeland security is now releasing some haitian migrants into the u.s., hundreds more being expelled from the country on mass deportation flights. cnn correspondent josh campbell is live in del rio, texas, so what more do we know about the efforts this morning, josh. >> reporter: good morning to you. live aerial images, this is over this migrant camp, we're told 8,000 people are still there under that bridge awaiting processing. as you mentioned our colleagues from cnn reporting that it appears as though officials here in the u.s. government have been releasing some migrants into the united states. this stands in stark contrast to the hard-line verbiage we heard from the biden administration they would be quickly expelled from the country. and the reason for that is it is important to point out that the word processing, that entails actually determining whether someone has a lawful purpose to
stay in the united states. if they claim asylum, officials will try to investigate that claim, to determine whether it is righteous if they determine that this person does face a threat if they go back to their country of origin, they will be issued a summons to appear before an immigration judge in the u.s. and so that is some of the reliease we have seen. state officials here this texas are working on aligning these vehicles along the border, the steel barrier they're calling it with these police cars because they are worried about the flow of additional migrants coming into the united states. the governor of this state was here at the border yesterday. i asked greg abbott specifically about cnn's new reporting that there are some 30,000 migrants we're hearing that are in the central america that may be preparing to make their way north. i asked him about that. take a listen. >> there have been reports for a while now about other groups like this that could be coming from other countries. and that's exactly why we are
here, if you are targeting texas to come to, we're going to show up in force and shut down the border. we're not going to allow the disaster that we saw here in del rio to be replicated by additional caravans coming from wherever they may come from. >> reporter: now, i also tried to ask the governor a question that has been on all of our minds, which is very important, and that is what conversations have officials here in the u.s. and texas had with mexican authoritys? there is this concern that migrants from central and south america have been able to make their way through mexico to the southern border. i asked the governor that multiple times. his staff shut down the question, said he didn't have time to take any more questions, which is unfortunate because that's a key question as we hear about the reports after additional migrants coming here to this border which is in crisis, we still don't know to the extent to which conversations officials here are having with their mexican counterparts to try to interdict or stop additional migrants from coming here. >> absolutely important. i'm glad you're asking the question. >> as the law stands now with
legitimate asylum claim, there is a process which may include catch and release as they say in the u.s. that that's a different issue to be addressed, but not a policy decision. >> yeah. josh, appreciate the reporting. thank you. cdc vaccine advisers meeting today, so that means there could soon be a decision, a recommendation on coronavirus vaccine booster shots. that's next. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets
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the cdc's vaccine advisers meet in the next hour, one critical item on the agenda is the question of covid vaccine booster shots, the ongoing question, who should get them and when? >> this meeting will follow the fda advisers voting last week. joining us now dr. colleen craft, the associate chief medical officer at emory university hospital in atlanta. good itto see you as always. we won't know how they feel today, but while we're waiting for more information, more recommendation for the cdc when it comes to boosters, there is so much focus on kids now, now that we know pfizer is likely going to submit data for its emergency use authorization for 5 to 11-year-olds in the coming days what is interesting is the dose we're talking about that they used in the trials for kids is a third of what those 12 and
up are getting right now. is that something that parents should be concerned about in terms of the immunity that it is going to give their kids if they're getting a third of the dose of, say, even a 12-year-old? >> yeah, i mean, i think if they have shown efficacy with those doses it definitely is an appropriate dose. we tend to dose things in children by weight, because their bodies are so different at different ages, so if there is efficacy, you know, children tend to have very good immune systems. in theory, good it is an adequate dose, the immune response should be excellent. >> really quickly on this point, this is something jim and i discussed, a lot of people, i have a 125 pound 11-year-old, he has an 8 pound 12-year-old friend. so if we're also taking weight into account, is that really coming into play for kids at the older age of that 5 to 11-year-old range? >> so i think this could be a consultation with your pediatrician for sure. so i think like you're saying, if we're going to make it age
based versus weight based, some of the considerations should be taken into account. and i think that some of that might be amended in the coming months, weeks, as we sort of see the data generated and be rolled out. >> kids come in a lot of different sizes, even at the same age. the country, you see it on the right side of our screen, back to a disturbing average, right, about 2,000 reported deaths per day. but as a practical matter, and i wonder if you have the same experience, whether in red or blue states, we're in new york here, if you go downtown, people are out, many with masks off. the requirements like showing your vaccination card for restaurants, but folks are living like they're living with the pandemic. right? rather than waiting for it to end. i wonder if that's where you see the reality of the country today, that we are in endemic stage or treating it endemic as
opposed d to a pandemic. >> i hope we're not endemic because our hospitals are crushed, our hospitals in this state are crushed and we're exhausted. i struggle with this because i spend so much time in the hospital, and i see so much suffering, and we are masked, it seems very normal to me to be masked, but then i can go and take my 15-year-old out to dinner and it be as though there is no pandemic and it gives me a lot of anxiety. that may not be what you wanted to hear today, but i do think we are trying to live with the pandemic, but we're not living very smartly with the pandemic. people are still getting sick, people are getting sick. we need to think about how to not spread our virus to other people. >> we'll see more folks listen, right? dr. colleen kraft, good to have you on. >> thank you. we're all eyes on the federal reserve today. the fed chair is expected to make a decision on whether to
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it is a decision we're bracing for that could have a major impact across the company. all eyes on the federal reserve looking for clues as to when they'll race interest rates. >> cnn's chief business correspondent christine romans is here. i'm wondering if things have gotten cool enough that they don't make the decision. all this talk about the biden
boom, the delta surge, that's not where we are. >> not long ago we were talking about when they were going to taper off for the american economy. we're looking at the delta variant and the spending and sentiment numbers. the real worry here is the fed, you don't want them to pull back too quickly if we're going to have a recovery that falters. still we'll learn what the fed is thinking for growth. still looking like gangbusters growth. a lot has changed over the last five or six weeks, in particular because of the delta variant. there are global headwinds as well we're watching. it will be important to see what the fed thinks about the inflation situation and whether this economy is stand on its own. the fed is buying $120 billion worth of securities as special stimulus for an economy racked by covid. we can see the economy has improved a lot. we'll want to know what the fed has to think about the rest of the year. >> christine, thank you. a showdown, meantime, within the democratic party.
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good morning on this wednesday. i'm erica hill. >> i'm jim sciutto. nice to be next to erica in new york. there are major economic issues pending on capitol hill. right now democrats pitted against republicans on the debt ceiling, and infighting within the democratic party has progressives facing off with
moderates over the $3.5 trillion budget proposal. overnight the house voted to avoid a government shutdown and increase the debt ceiling, but that's just the house. it faces major hurdles in the senate with ramifications stretching far and wide, not just on capitol hill, but for the u.s. economy. >> absolutely. all of this as the democratic party's divide is on full display. right now liberal and moderate democrats in a fierce standoff. president biden's infrastructure plan is in limbo. biden is set to meet with nancy pelosi and chuck schumer. he's set to sit down with other key democrats as this deadline draws closer. >> this is called the legislative process. this is called the democratic party. it's in the mix of all of it. that's what's pretty exciting. everybody has their say. we come together and we get it