US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera hears from Nancy Kimelman, a Professor in Economics at Northeastern University.
Yesterday
Trade, not aid, for Africa
As the UK government targets developing nations with new trade measures, we hear from trade minister Douglas Alexander on whether it can prove to be a workable lifeline for African countries affected by western states cutting their international aid budgets. David Harper speaks t ... Show More
26m 27s
Jul 9
Trump plans to impose 50% tariffs on Brazil
The US president, Donald Trump, has made public the tariffs he intends to slap on imports from another group of countries, including Brazil, from the start of August. The chipmaker Nvidia has become the first company in the world to reach a market value of $4tn on Wednesday. Davi ... Show More
27m 12s
May 2023
Kevin McCarthy’s Debt Ceiling Dilemma
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.Catie Edmondson, who covers Congress for The New York Times, explains the risks this might pose to his ... Show More
21m 59s
May 2023
America’s debt-ceiling drama continues; Volodymyr Zelensky meets G7 leaders, and more
Kevin McCarthy, the speaker of America’s House of Representatives, said that talks on raising the country’s debt-ceiling between him and President Joe Biden would continue on Monday. Hosted on Acast. See acast.com/privacy for more information.
3m 37s
May 2023
Biden shortens G7 trip amid debt-ceiling impasse; OpenAI boss testifies before Congress, and more
Kevin McCarthy, the Republican speaker of the House of Representatives, said that a deal to raise America’s debt ceiling was “possible” by the end of the week. Hosted on Acast. See acast.com/privacy for more information.
3m 27s
Mar 2021
$1.9 Trillion in Stimulus is Coming. Will Inflation Follow?
This week, Ursual Burns, the former Xerox CEO and first black woman to lead a Fortune 500 company discussed the gap between companies' rhetoric and results on International Women's Day. Tim Duy, SGH Macro Advisors economist, University of Oregon professor, and Bloomberg Opinion C ... Show More
41m 47s
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