McCarthy has to be sensitive to that, cognizant of that. There's an element that wants to engineer another debt ceiling showdown on order to cut Medicare and Social Security. I'm sure you guys remember 11 years ago after Republicans won the House tried to do that same thing. The last two, John Boehner and Paul Ryan, they were effectively hounded out of the position by the right wing of their caucus.
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News International Economics and Policy Correspondent Michael McKee break down the markets and economic reaction to Thursday's encouraging CPI data. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses seeing a rise in Covid hospitalizations for kids under 6 months. Bloomberg Businessweek National Correspondent Josh Green provides the details of his Businessweek Magazine cover story Narrow GOP Edge Is McCarthy’s Dream—and Nightmare—Come True. Bloomberg Opinion Columnist Matt Levine talks about Binance pulling out of rescuing FTX. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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