House Republicans are refusing to raise the US debt ceiling without huge concessions. Vox’s Dylan Matthews explains why we have a debt ceiling to begin with (and how President Biden could bypass it).
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswar ... Show More
May 2023
Kevin McCarthy’s Debt Ceiling Dilemma
<p>Last week, Speaker Kevin McCarthy persuaded Republicans to narrowly pass a bill to raise the U.S. debt ceiling, setting up high-stakes negotiations with the Biden administration.</p><p>Catie Edmondson, who covers Congress for The New York Times, explains the risks this might p ... Show More
21m 59s
May 2023
Playing chicken with the debt ceiling
<p><br></p><p><span style="background-color: transparent; color: rgb(0, 0, 0);">Congress and President Biden have five weeks to strike a deal on raising the debt ceiling, according to a new projection from the Treasury Department. Otherwise, the country will need to brace for an ... Show More
19m 29s
May 2023
Biden’s Radical Option to End the Debt Fight
<p>In a high-stakes showdown this week, President Biden and the leaders of congress met face to face in an effort to avoid the United States defaulting on its debt for the first time in history.</p><p>Jim Tankersley, a White House correspondent for The Times, explains how close t ... Show More
25m 7s
Sep 2021
With Big Plans And Small Margins, Can Democrats Pull Off Their Agenda?
Progressives feel as though their job compromising on the $3.5 trillion dollar budget bill is done, while Sens. Joe Manchin and Kyrsten Sinema say the package is still too big. Looming over it all, a chance the federal government defaults on its debt as Republicans signal they wo ... Show More
14m 32s
May 2023
On the Debt Ceiling, the White House Is Doing What It Said It Wouldn't Do
In 2011, then-Vice President Biden had a front row seat to a bruising debt ceiling standoff between President Barack Obama and House Speaker John Boehner. That fight arguably derailed the Obama presidency and the nascent economic recovery. After that experience, Biden and his tea ... Show More
43m 49s