Key talks are set for Tuesday at the White House between U.S. President Joe Biden and Congressional leadership of both parties to avoid a default on over 31 trillion dollars of US debt for the first time in history.
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
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