Congress and the Biden administration are once again at loggerheads over a potential debt ceiling crisis – and the possibility of defaulting on its debt for the first time in the United States’ history. CNN Political Director David Chalian breaks down Speaker Kevin McCarthy’s speech today, and where the two parties stand in their response to the crisis. The ... 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
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
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