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tv   The Lead With Jake Tapper  CNN  May 1, 2023 1:00pm-2:00pm PDT

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a display. and if that bananas enough, the piece was worth $120,000 and it went up in price. it is worth $150,000 now. i guess people find this art work to appealing to resist. and in light of how expensive it is, i'm wonder if you'll volunteer. >> and someone from us is from miami and that was adisappearing work. we'll let the viewers decide. >> eating the banana was performance art itself. eating the concept of the banana is very heady. >> i find it -- >> $120,000, we could split that money. >> if we get an offer first for that, i'll be your volunteer tomorrow. >> highest bidder. >> it is out there. you know who to call. >> that does it for cnn news central. "the lead" starts right now.
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oh, my goodness. the manhunt for a suspected kill in texas is now expanding. "the lead" starts right now. where is francisco oropesa. the man previously deere ported four times and killed his neighbors execution-style after they complained about noise and now agents are on alert as authorities admit they have no idea where he is. plus e. jean carroll back on the stand under aggressive cross-examination from trump's attorneys and her answers as they seek to undermine her credibility. and the second largest bank collapse in u.s. history. first republic taken over by jp
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morgan chase and are more banks in jeopardy of going down and how secure is the u.s. economy? welcome to "the lead." i'm jake tapper. and we start with our national lead in the urgent manhunt to find the suspect behind a massacre. more than 200 law enforcement officers are currently searching for the man who murdered five people on friday night at a home outside of houston, texas. 38-year-old francisco or oppressa, should try to flee to mexico and he is a mexico national and he's been deported at least four times before. survivors of the attack say he shot up his neighbors house after they asked him to stop firing his weapon so close to their property because they're baby was trying to sleep. the murdered include 9-year-old daniel guzman and his mother
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sonia. police say all of the victims appear to have been shot execution-style. ed lavendera starts off our coverage where the other victims have all been identified. >> reporter: it is day three of the manhunt for 38-year-old francisco oropesa, accused of shooting and killing five people in cleveland, texas, on friday night and they still have to leads in the shootings of 9-year-old daniel guzman and his mother, deanna velazquez and jose jonathan cassares. >> what we need from the public is any type of information. because right now we're just running into dead ends. >> reporter: there is an $80,000 reward for information leading investigators to the suspect who the fbi called armed an dangerous. while officers search door-to-door in neighbors north of houston. >> we have over 200 law
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enforcement trying to bring this person into custody. >> reporter: he has been deported at least four times. the first time in march of 2009. and was convicted of driving while intoxicated in 2012. the local sheriff said he had been drinking before the violence on friday began, detailing the events that led up to the shooting. >> the victims, they came over to the fence and said, hey, you could mind not shooting out in the yard. we have a young baby that is trying to go to sleep. >> reporter: wilson garcia whose wife and 9-year-old son were shot and killed said they called 911 five times that night. they asked the gunman to shoot away from his property. he said instead the gunman started shooting inside of the house where 15 people including at least four children were present. only ten survived. >> everybody that was shot was shot from the neck up.
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almost execution-style. >> reporter: multiple people were found dead in different rooms. authorities say they believe two women died shielding children. garcia said as his wife lay dying, one of the woman helped him jump oust of the window so he could survive for his two other children. texas governor greg abbott unleashed a firestorm of criticism after the shootings when he tweeted, i've announced a $50,000 reward for info on the criminal who killed five illegal immigrants on friday. on the same time the sheriff gave a emotional response about the term used to describe the victims. >> my heart is with this 8-year-old little boy. i don't care if he was here legally. >> reporter: and jake, a neighbor of francisco detailed a violent outburst that happened at a neighborhood party, a b
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baptis mal celebration and they had a dj playing music in the front yard and another neighbor asked them to turn down the music and that made oropesa so angry that he pulled out a 9 millimeter and empty a handgun into the ground and after the families did not communicate very much. >> ed lavendera, thank you very much. josh campbell used to work with the fbi and julia kai em. josh, we're going on three full days an police have no credible leads. what is going on behind the scenes as they try to locate the suspect and are you surprised three days later still no leads? >> well it is very difficult work. we know that initially police were able to track his cell phone but on saturday, the day after the horrific shootings,
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they found this phone recovered by authorities so he no longer had it on his person. and police used bloodhounds to track him and they eventually lost the scent and so right now they are at at dead end. they have told officials they're going door-to-door asking people if they've seen this person or do they have ring footage to put this person in a given location at any given time and i'm told that officers on both sides of the u.s.-mexico border are on the letter in case and the police appealing the public, offering this $80,000 reward hoping that someone will see something and pick up the phone and call 911. >> and julia, on the mexico side of this, the suspect is a mexican national. he was preyuviously deported fo times. i would think that would complicate the search. >> it means he has relatively resecret ties to mexico.
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he's not been here for 20 or 30 years and been trying to get under the radar there. there are so many questions about his status and ability to cross the border. if you look at 2009, 2012, 2016 and then how he got in most recently is not at all clear. but he's having interactions with law enforcement. we know in our reporting about this party, we know that there were concerns about him. and so it just goes to the permissiveness, not just of our borders but also anyone down to that part of the country knows there is just a different attitude about legality and illegality. i think we heard that from the sheriff. that this is understood differently there than the more legalistic aspects that we tend to view it ats. but this is going to have to be explained how he was able to get in this many crimes and what was happening in mexico because if he has family still there ties
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still there, chances are he got there relatively quickly. >> josh, a source told cnn that he had a collection of weapons. but if he was indeed in the country illegally, he would not legally purchase those firearms. is that not a problem if you want to get a gun? >> no, it certainly is. and i could tell you, as a native texan, someone grew up involved in youth shooting sports it is so easy to get a gun in texas if you are buying it from a private seller. if you buy from a licensed dealer, you're required to go through a federal background check. but if it is a person-to-person sale and meet on facebook and decide i want to meet up and sell your gun to a friend, you don't have to go through the background check. so although people in this country illegally could not purchase a weapon, but these point to point sales create a lot of loopholes. >> julia, some advocates and democrats have been criticizing governor abbott after he posted,
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quote, i'm announced a $50,000 reward for the criminal who killed five illegal immigrants on friday, referring to the five victims of illegal immigrants. the governors office has acknowledged one of the victims might have been in the u.s. legally. but, as we heard from the law enforcement official in ed's piece, these are five victims zrks it matter if they were in the country illegally or not? >> no. no, and i take adifferent approach to this. the governor knew what he was doing. he knows what the term illegal means rather than using the appropriate term which is undocumented. but i want to pose a different challenge that the governor has related and may go to why we're not able to find him. he has now put this as a illegal or legal immigrant issue. in other words part of the hunt. now if you thought about what communities are likely to know where the suspect is, it is going to be people whose status
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is not known or may be unlawful. now anyone in law enforcement knows you need to create trust with the community, we're not using this for deportation reasons or a ruse to get you out of the country. we need your help. and so while the sheriff is saying everyone help us, these are populations of people with -- of undocumented people, the abbott just completely undermined that by putting it in the lens of well they're illegals, putting it in the immigration lense. so i think we should challenge governor abbott not just on the politics of immigration but how could this possibly be hurting the very manhunt that all of us want, whatever our -- whatever our immigration status. >> thank you to both of you, appreciate it. we have breaking news in our national lead now. police are reporting multiple fatalities as a result of a dust storm in central illinois. that interstate that you're looking at right now now shut down.
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the details are just coming into cnn. we'll bring that to you next. and hunter biden in court. the paternity case that has the justice department and house republicans taking notes. stay with us.
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we have some breaking news. a dangerous dust storm has turned deadly in central illinois. the state police say that multiple people are dead. at least 30 others have been taken to the hospital after low visibility led to multiple pile-ups on the interstate. between 60 and 80 cars an tractor-trailers were involved in those wrecks. let's bring in meteorologist chad myers. what caused the storm? >> big low pressure center in a cold front and on the map behind me, everywhere you see red, that is a 40 mile-per-hour or greater wind gust coming in from the west across a north-south highway. so here is the wind and i-55 is like that and the wind blew right across the interstate and made that terrible, tear ubl
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dust storm. here is springfield, illinois. right through here. here is i-55. now i'm going to zoom in to show you what else, not just the wind made this event. farm fields. all of these plows going through the farm fields, this time of the year, mixing up the dirt. it is not just one packed layer that had snow on it just six weeks ago. all of a sudden, you have all of the farmers with their disks and their plows making this dust loose. and when the wind blew today, 45 miles per hour, the dust from that equipment made this dust storm. >> with fatal consequences. chad myers, thank you very much. turning to our world lead. today in paris, may day were wide scale protests. melissa bell is there for us. the retirement plan is a done
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deal. could this have any impact? >> reporter: this is happening from september. the french will be working longer than they have been in the past. the point was to get the numbers on the street to show even if this pension reform has gone through, any other reforms that macron may have been planning as legacy rear forms for his next four years they're going to conjure up protesters out on the street to make that as difficult as they can. it is the clean-up operation going on around me now. one of the buildings that burned throughout the day here at the area. what was left of it. what struck us the most was how quickly it escalated because you had far more of those black blocks, those extreme left wing protesters who came out seeking confrontation with the police. but also what we saw was some very heavy-handed police tactics. fairly elderly woman being carted off and man handled. so the events of today here in
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paris would have done nothing to calm the minds of anyone. in fact, the unions are now working out what to do next. they'll be meeting tomorrow morning to decide whether the next big day of protests will be wednesday or whether they wait until june 8th when the opposition party gets together to work how they could get the pension reform repealed. but that is the point. they'll keep getting people out on the the street to show the amount of popular anger excited by the manner in which this pension reform has been pushed through is here to stay and will continue to make things as difficult as the unions can for emmanuel macron going forward, jake. >> thank you so much. coming up, the line of questioning for fr donald trump's attorneys today as he tried to challenge the credibility of e. jean carroll, the woman of accused the former president of both rape and defamation. stay with us.
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topping our national lead, writer e. jean carroll who accused donald trump of raping her in the mid 1990s, wrapped up her third day of testimony today. the civil trial is not just about the assault. she accused the former president of battery but also of defaming her by denying her allegations. trump's team aggressively challenged her motives in cross-examination and paula reid is live outside of the new york courthouse for us. what stood out for you in the testimony today? >> reporter: well, jake, moments ago, trump's defense attorney just wrapped his cross-examination in the
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courthouse behind me. he questioned her over two days for around seven hours. i was in court today and what struck me is unlike last week's testimony, which was very emotional at times, she would answer questions through tears, today was much more technical. they were very often presenting her with evidence asking her to respond. now they're goal here to undermine the credibility of her story. and to try to prove that she was politically motivated. now among the things she was asked today, about some facebook posts including one she said she was a fan of the apprentice and asked people if they would have sex with donald trump for $17,000 if they got to keep their eyes closed. now she responded say, yeah, she was a fan of the apprentice and had some friends on the show and did make jokes about trump. and they asked her about portions of her book why she hasn't sued former cbs chairman less moonves who also denied her aaccount of an alleged assault
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and she said he denied it and didn't call me names and grind my name through the mud like trump did. and sthe was asked why she didnt present to the police and her own advice column and she said she was just ashamed and it was not something that she would report. but there is so much riding on her testimony, specifically on this cross-examination. because at this point we do not expert the former president to testify. though carroll's attorneys do say they will use some of his deposition in their case. >> so the judge denied trump's attorneys request for a mistrial earlier today. what was that about? >> reporter: yeah, look, jake, this was just a formality. the judge has made several rulings that were not favorable to the defense. they have been frustrated and they can't question carroll the way they want to so they're able a make a record of all of the discussions so if they appeal they'll have the record. but we didn't expect the judge
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would come out and say your right, i haven't done a very good job and grant this motion. so it was a formality and a blip and everybody moved on very quickly. >> paula reid, thank you so much. let's go to another courthouse in arkansas. hunter biden, president biden's son appeared before a judge today. he's seeking to reduce the child support payments for his 4-year-old daughter navy whom he has never met. and whom the biden white house as far as we could tell has yet to publicly acknowledge. biden's lawyer claims he's paying the child's mother $400,000 a month and more than $750,000 so for and the judge ordered hunter biden to provide additional answers today about his finances. >> the president's son appearing in an arkansas courtroom today. the hearing related to a year's old paternity dispute. after the mother of his child london roberts accused hunter biden of with holding evidence.
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now the judge said hunter must answer more questions about his investments and art sales an other financial transactions as part of the child support case. he will also sit for a june deposition where he will be ques questioned under oath. the judge ordered up details on hunter's taxes. this hide the ball game isn't going to cut it when we get to trial. what began as a 2019 paternity case morphing into a abbattle, over the laptop and financial issues as he faces scrutiny from criminal and congressional investigations. they have a sprawling probe into the biden business dealings seeking many of the records that london is trying to access. >> we found a lot that was unethical and should be illegal. the line is blurry as to what is legal and not legal with respect to family influence peddling. >> reporter: last week hunter's
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lawyers met with prosecutors related to fail to file taxes and a false statement charge related to a gun purchase sources say. hunter has maintained his innocence. >> i'm absolutely certain that at the end of the investigation, that i will be cleared. >> reporter: as for the paternity case, hunter initially denied fathering the child. but a dna test confirmed he is the biological father. hunter has since agreed to pay child support, paying $750,000 to the mother so far. his lawyer said in court. now the judge also told hunter's attorneys they must make more of their court filings available to the public. she has been generous in allowing many of the sensitive details of this case to remain under wraps but said in court today, i can't gag the whole world. jake. >> sarah, i want to bring in former u.s. attorney elie honig. the judge ruled that hunter will
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have to answer more questions under oath about his finances and chided him in hiding information that should be public. what did you make of that as significant? >> well, jake, the single most valuable asset that any party has in any case is credibility and here it now seems that hunter biden and lawyer have lost credibility with the judge who said on the record they have had played games with some of the evidentiary obligations. hunter biden went back to court and said i want to pay less in alimony and now he's going have sit for an under oath deposition and turn over more documents about his dealings including his sale of so-called art work and any income from any foreign sources. that -- some of that information will be available to the other side and also publicly. >> lessen child support, notal imenny. >> yes. >> it is hard to separate politics from the case and you see the mom here is represented
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by lawyers who were part of trump's attempted to over turn the 2020 election and in addition a former trump white house aide to could play a key role in this case. >> attorneys want to call this person as an expert witness. this is someone who has a website and published materials related to hunter biden's laptop and the hunter biden team has been more aggressive in how they're dealing with this. one of them has sued him. talking about potentially trying to get investigations opened into him. so they're really grappling with how you deal with people like this, who are people that in the right wing sphere and has spread right wing conspiracy theories and now part of this paternity case. >> and hunter biden is already under investigation by the justice department into his taxes and finances. does this case complicate things for him at all? >> it does, jake, for sure. hunter biden has bigger problems than this starting with the ongoing criminal grand jury investigation of hunter biden for potential tax fraud.
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and now he has opened the door by going back into this court to others getting access to his financial documents, including prosecutors, including congress. so it is a questionable decision. i'm really astonished that hunter biden, given that he has a pending criminal investigation and given that there are pending congressional investigations, would go back into this court and try to reopen this pandora's box. >> sarah, congressman james comer, he's been talking about hunter biden for a long, long time now. he said that hunter biden's legal team has been intimidating possible witnesses in his committee's probe of biden's business affairs. what do you know about that? is there any evidence for that charge? >> i think what we've seen over the last few months, the legal team has been much more aggressive. they've gone to state and federal prosecutors and encouraged them to look into a bunch of people that were related to this hunter biden laptop and said you should investigator review marjorie
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taylor greene's comments related to hunter biden. so i think they've seen the way this has played out over the last few years and they want to be aggressive. is there efforts that they're actively intimidating witnesses. comber said he's looking into hunter biden's business dealings but the whole biden family as well as the president's potential involvement in any of hunter biden's foreign business deals which joe biden has denied. so he's made a lot of lofty allegations and we'll wait to see what kind of meat he has to back them up as this investigation continues. >> and hunter biden's lawyers met with justice department officials last week which could indicate that the criminal probe into hunter biden's dealings is wrapping up. how likely do you think it is that he will face charges? >> this case has been pending investigation for five years dating back to 2018. because nobody wants to make a call that will be politically unpopular or because the evident
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is a really close call. if it was an obvious case that had to be charged it would have been charged within five years and if it was an obvious declaration, it would have been tossed out without a charge well before this. and that meeting between defense lawyers and prosecutors, nothing unusual or improper. those meetings happen all of the time and they do tend to happen when we're toward the end of the case where they're at the crucial charge or don't charge moment. >> thank you to both of you. with the second largest bank failure in u.s. history might mean for the money in your own bank account and for the u.s. economy. but first, a major programming note. cnn presidential town hall with donald trump next wednesday, moderated by kaitlan collins. we'll be back in a moment. y ser. just buy any footlong in the app, and get one free. everyoyone loves free stuff chuck. can we get peyton a footlong? get it before it's gone. on the subway app.
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as jp morgan chase is buying most of the assets. federal regulators first to control first republic overnight and then immediately announced the sale to jp morgan. vanessa explains how this came together so quickly and should americans be worried about the security of their funds? >> reporter: jake, this deal closed in less than 24 hours. the fdic held an auction yesterday with bids to be entered by 4:00 p.m. ultimately jp morgan with the winning bid. but overnight, about 800 employees from jp morgan worked to close this deal. and what does that mean for customers of first republic bank? well it is largely the same experience. just with a different owner. the main thing people want to know is, is their cash safe and their deposits safe and the answer is yes. as part of the deal, jp morgan assuring all deposits and loans
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of first republic. >> i mentioned that first republic is the second largest in bank history and the largest was washington mutual. but it is causing concern, a concern we've heard before, that banks are getting too big. >> reporter: certainly. and after the 2008 banking crisis, banks consolidated and then on today's news you see more consolidation. jp morgan is the biggest bank in the united states and it just got bigger today and that is partly because over the last seven weeks people moved their deposits $50 billion worth from other smaller banks into jp morgan. but jamie dimon was asked about this in a media call earlier today. take a listen to how he responded to this question. >> you need large successful
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banks and anyone who thinks that it is good for the united states not to have that should call me directly. >> reporter: he also went on to say that he believes that comm community banks and regional banks are essential to the might say. how are the markets reacting? >> it was a quiet day on wall street. stocks dipping just slightly at the close. but investors really don't like to be shocked by news and they weren't really shocked by this news today. that is why you didn't see a lot of market volatility. but investors are turning their focus now to the next two days as the federal reserve meeting on wednesday and makes a decision about how much to raise interest rates. ultimately, jake, what happens today what jp morgan and first republic is going to play into that. that is what investors are focused on over the next two days.
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jake. >> vanessa yurkevich, thank you. and turning to our world lead and sudan, after a week of frustration, the u.s. government has been able to help private american citizens stuck in sedan get out. today the third escape of violent clashes between sudan warring militaries that has killed more than 520 people so far and left many more without food and water and without electricity. we're with americans who have escaped who know they are the lucky ones. >> reporter: these are the first americans to arrive in saudi arabia on the u.s. naval ship brunswick. it is small comfort after an anxious two weeks of conflict in african's third largest nation. >> i will not argue. i didn't like it. if it was up to me, i would have stayed but it got too bad and it got worse and worse by the minute. there was no water or electricity. >> reporter: this port city has
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been the main route. several broken cease-fires later people are desperate to escape. >> i'm doing a masters and so i was in the sudan to do research. ironically on those very same topics. >> do you have family that cannot leave because they do not have dual nationality. >> because of the hierarchy of citizenship, the way that it works, a lot of people couldn't afford to leave because of the prices of bus tickets. >> u.s. officials say about 1,000 americans have been evacuated since the conflict began by land, sea or air after initially saying it was too dangerous to get private citizens out. this only brought 100 u.s. citizens across the red sea but there are so many more still stuck in port hoping for a transport like this to get to jeddah. >> we've been working with international partners around the world and here in saudi arabia with our saudi partners. >> will there be more u.s. ships
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today or in the next few days? >> not that i know of. >> as families escape the fighting, there are moments as even in war, kids will still tease their parents. >> how do you feel about having left sudan? >> very good. >> how was it? was it scary? >> i wasn't scared. but she was scared. >> she [ inaudible ]. >> and larry joins us now live from jeddah, how many more americans remain and need help leaving port sudan? >> reporter: jake, just this these convoys that have arrived from khartoum to port sedan, that is 700 and that is an undercount that people made the journey before the u.s. was helping coordinate this response and evacuate them over ground. and just one more thing, there is so many kids living there through this.
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they are worried they can't get out. >> thank you so much for reporting for us. coming up, when a steady salary just isn't enough, what some school districts are doing to try to keep teachers on staff and make sure that they have a place to live that they could afford. stay with us. ? createte something new? our dell technologies advisors can provovide you with the tools and expertise e you need to bring out the innovator in you. liberty mutual customizes your car insurance so you only pay for what you need. with the money we saved, we tried electric unicycles. i think i've gott! doggy-paddle! only pay for what you need. asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®.
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in our money lead, the nationwide teacher shortage is prompting creative methods to re retain teachers. they are building homes next to the schools. it is drawing applicants. but some are worried that the same districts will now be their
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landlords. >> reporter: like so much teachers, louisa is sacrificing more and more for the job that he loves. that is why she lives with three other teachers in a three-bedroom home. and car pools 30 minutes to her special ed classroom in chino valley, arizona. >> that is the closest affordable house. >> yes. and that is the only available one. >> has it been difficult making it month to month? >> it is very difficult. almost nothing to spare. >> reporter: the combination of low salaries and increasingly little affordable housing has wosenned the teacher shortage in states like arizona. so desperate to tract educators, chino valley is breaking ground on a breaking ground where teachers will pay well
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at least eight arizona districts are creating their own teacher edge with some help from a federal grant. this vacant school near sedona will be turned into 11 apartments. in prescott. >> i think this could be a game changer for us. >> six modular homes will sit behind an elementary school. >> i hate to compare it to them, but in some ways it's kind of like the hunger games, having something like this available maybe gives us a leg up on the competition. >> teacher housing projects are popping up across the country from california to west virginia, but some are skeptical of teacher. >> i think our concern would be that a professional educator would not only work for the
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district but the district would be their landlord. >> reporter: mare sol garcia heads the union that represents public school teachers and sits on the governor's educator retention task force. >> we're treating a symptom and not the illness. that is we don't have enough educators who want to enter the profession, who want to stay in the profession. >> a recent study found more teachers than usual left the classroom last year at a time when students are still recovering from steep pandemic learning loss. advocates p blame workload, student behavior, politics in squool, and most of all salary. >> it shouldn't have to be a vow of poverty to be a teacher, and that's what it feels like. >> megan brown is leaving her special ed classroom next month after 12 years of teaching. she and her husband a firefighter live with her parents struggling to save money to buy a home and start a family. >> we can't both be in helping professions, so i decided to leave. >> what is walking away from that like? >> i'm a really proud public school teacher, and it's hard to
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know that i can't do it anymore. >> and jake, a lot of districts have given teachers pay raises since the pandemic, but a new report found that the average public school teacher salary has only gone up about 4.5% over the past two years. 4.5%. that is well behind the high inflation that we've seen, and so financially, jake, life as a public school teacher really hasn't gotten better, if anything, based on that report, it's gotten worse. >> gabe, do you know of any school districts doing this kind of thing outside of arizona? >> yeah, we're seeing proposals across the west, las vegas, hawaii, really all over california in addition to those teacher apartment buildings that have opened up in the bay area and west virginia, and it's really happening in these more populated areas where housing prices have just skyrocketed. >> yeah, i know college and universities do such things. it's interesting that it's come to this for high school. thanks so much. appreciate it. a new warning just in from
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the treasury department, from the secretary of the treasury, janet yellen on when the u.s. will start to default on its debt unless congress takes action. it's a matter of weeks. that's next. plus, two republicans are going to join me. i'm going to speak with congressman tony gonzalez of texas about a key immigration policy ending next week. what, if anything, can congress do? plus, republican congresswoman n nancy mace of south carolina will be here. i'm going to get her response which says the gop spending plan is going to cut critical u.s. services.
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this hour the cheese has been placed in the trap but has florida governor ron desantis bitten off more than he can chew when it comes to taking on mickey mouse. horrific scenes in illinois where multiple were killed and 30 injured during a dust storm, what is driving the dust storms. and leading this hour, the u.s. government could run out of money in just a matter of weeks. that is the latest warning just minutes ago from treasury secretary janet yellen who says the u.s. government could hit its debt limit by june 1st. one month from today. i want to bring in cnn's manu raju on capitol hill as well as cnn's phil mattingly at the white house. phil, this is a pretty stark warning and a pretty big deal for the u.s. economy. >> look, there's no question about it at all, jake, and i think the real question that i think everybody in washington has been wondering for the past several months is when is this going to get serious? when is this going to get real? when are lawmakers, the white house, both sides of pennsylvania avenue going to
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grasp the consequence of what's happening right now? this should be that moment since for some reason it hasn't transpired yet. and that is the reality of the debt limit and the reality that most of this, all of this process right now since they've already reached the statutory debt limit, what the treasury department has been doing for the last several months is called as extraordinary measures basically trying to stretch things out for lawmakers and administration officials to find a path forward here. that is entirely tied to tax receipts every single month of which you can only project when they're coming in. what you heard from the treasury secretary today, also from the congressional budget office is tax receipts in april came in lower than expected. and because of that the critical date, the critical deadline has now moved up to a month from now. moved up to a point where people need to figure out a resolution, figure out a path forward, and no one is talking right now. when you talk to white house officials, when yo