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Fox News Hourly Update

6AM ET 05/27/2023 Newscast

Fox News Hourly Update

FOX News Podcasts

News, Daily News, Sports News

3.95.8K Ratings

🗓️ 27 May 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

6AM ET 05/27/2023 Newscast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

For time for a deal, I'm Chris Dimaio, Fox News.

0:05.8

Treasury Secretary Janet Yellen now says the federal government will continue to be

0:09.4

able to pay its loans through June 5th.

0:12.2

After that, Congress will have to raise a nation's debt ceiling or risk default.

0:16.0

Yellen says the government will make payments of $130 billion to Medicare, Social Security

0:22.0

and Veterans Programs in early June.

0:24.5

But then the government will only have what she term, quote, an extremely low level of

0:29.0

resources.

0:30.0

It was another day without a deal.

0:32.8

Work mandates for people to receive some federal aid as a flashpoint, Republicans and Democrats

0:38.2

will not move.

0:40.0

Republicans say they're within the window of getting a deal, no deal heaps anxiety on

0:45.0

global capitals who look to Washington.

0:47.4

The hard right and hard left likely oppose any final agreement, but the House could pass

0:52.5

a bill with a wide group of bipartisan members.

0:56.2

That no deal today means the House may not act until this time next week.

1:01.3

Fox's Chad Pergram, this says debt ceiling talks continue.

1:05.2

President Biden's theme is handling negotiations with House Speaker Kevin McCarthy, Fox's

1:09.2

Peter Ducey.

1:10.2

House Democrats are growing frustrated with the president's hands off approach to debt

1:13.8

talks with an anonymous Democratic Congressperson telling Politico, quote, it's time to bring

1:18.7

the president off the bench or bring somebody off the bench.

...

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