You’ve probably heard by now that President Joe Biden released his 2024 budget proposal. You’ve also probably heard that it has almost no chance of passing through both chambers of Congress. What is likely to come to pass is more drama over a recurring problem: the fight over the debt ceiling. If the US doesn’t raise the ceiling and defaults on its debt, fin ... Show More
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
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
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