The US House Speaker says there's been progress in the talks about a deal to raise the government debt limit for two years, and that negotiations with the White House will continue. Kevin McCarthy said the work would carry on until an agreement was reached - but he added this was just the start on cutting spending. The US needs to raise the debt ceiling so i ... Show More
Yesterday
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
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
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
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
May 2023
Biden’s Radical Option to End the Debt Fight
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.Jim Tankersley, a White House correspondent for The Times, explains how close the country ... Show More
25m 7s