debt ceiling crisis

Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

1) US Credit Rating at Risk on Debt-Limit Impasse

2) DeSantis Launches Presidential Run

3) Nvidia Surges on AI Demand 

See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
1) Impasse in White House Debt Talks
2) DeSantis to Launch Presidential Run
3) Netflix Begins Telling US Customers to Stop Sharing Accounts

See omnystudio.com/listener for privacy information.

Wednesday briefing: Debt ceiling; North Carolina abortion ban; Philadelphia primary; Jake Sullivan; NBA draft lottery; and more

Read today's briefing.

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 is to financial calamity, and the radical step Biden might take to avoid it.

Guest: Jim Tankersley, a White House correspondent for The New York Times.

Background reading: 

• The president has not wavered in his calls for Republicans to raise the nation’s borrowing limit without conditions. Privately, his aides have discussed other paths.
• What could a possible bipartisan deal to raise the debt ceiling look like?

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

The White House says the debt ceiling fight will “literally melt bones,” AOC reintroduces the Green New Deal, and a homosexual “throuple” adopts a kid.

Click here to join the member exclusive portion of my show: https://utm.io/ueSEl

- - - 

DailyWire+:

Become a DailyWire+ member to gain access to movies, shows, documentaries, and more: https://bit.ly/3jJQBQ7 

Pre-order your Jeremy's Chocolate here: https://bit.ly/3EQeVag

Shop all Jeremy’s Razors products here: https://bit.ly/3xuFD43 

Get your Michael Knowles merch here: https://bit.ly/3X6tlKY 

 - - - 

Today’s Sponsors: 

Good Ranchers - FREE bacon for 1 year! Use code KNOWLES for an extra $20 off your first order! https://bit.ly/41rD2pd

Birch Gold - Text "KNOWLES" to 989898 for your no-cost, no-obligation, FREE information kit: https://birchgold.com/knowles

- - -

Socials:

Follow on Twitter: https://bit.ly/3RwKpq6 

Follow on Instagram: https://bit.ly/3BqZLXA 

Follow on Facebook: https://bit.ly/3eEmwyg 

Subscribe on YouTube: https://bit.ly/3L273Ek 

Learn more about your ad choices. Visit podcastchoices.com/adchoices

The US is in the middle of another debt ceiling fight. The expectation is that it will get lifted before we hit the so called "drop dead" date — but what happens if Congress does not authorize more debt financing? What are the options for the government? Does this automatically lead to default? And if the US does default on its debt, what does that mean for the financial system and the real economy? On this episode of the Odd Lots podcast, we speak with George Pearkes, macro strategist at Bespoke Investment Group, about how the debt limit actually works, and we attempt to get an understanding of what to expect if we reach this uncharted territory.

See omnystudio.com/listener for privacy information.

In the past decade or more, votes over increasing the U.S. debt ceiling have increasingly been used as a political tool. That has led to intense showdowns in 2011, 2013 and, now, 2023. 

This year, both sides of the argument are dug in and Republicans appear more willing to go over the cliff than in the past. 

What does this year’s showdown look like and how, exactly, did the United States’ debt balloon to $31 trillion?

Guest: Jim Tankersley, a White House correspondent for The New York Times.

Background reading: 

• Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing has set the stage for another federal showdown over the debt limit.
• Last week, America hit its debt limit. Here’s what to know. 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

The government has hit its debt ceiling requiring the Treasury Department to take extraordinary measures, Alec Baldwin charges one year after fatal movie set shooting, and a New York business is using facial recognition technology to deny entry to big events. Get the facts first on Morning Wire.

Get $25 off your first order as a preferred customer plus a FREE Fiber & Spice. Use promo code WIRE at checkout: https://www.balanceofnature.com/

Use Promo Code 'WIRE' for 10% off your Will: https://www.epicwill.com/  

Leslie Jones discusses Stephen A. Smith's lame apology to Rihanna after he compared her to Beyonce, and the "extraordinary measures" the U.S. Treasury's is taking to avoid hitting the debt ceiling. Radio host and author Charlamagne Tha God discusses why he believes men are so afraid of therapy.

See omnystudio.com/listener for privacy information.

Mitch McConnell decides that he won’t plunge the nation into a catastrophic recession for at least two more months, Democratic Congressional Campaign Committee Chair Sean Patrick Maloney joins to talk about the party’s midterm strategy, and Dan and Jon rate bad takes on a scale of 1-to-4 Politicos in a new game called The Take Appreciators.

For a closed-captioned version of this episode, please visit crooked.com/podsaveamerica. 

For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.