A Debt Ceiling Battle Comes to Washington, Again
Face the Nation with Margaret Brennan
CBS News
3.5 • 1.1K Ratings
🗓️ 19 January 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
What is the debt ceiling and why does it matter? How would a U.S. default on its debt actually affect the everyday American? Face the Nation Moderator Margaret Brennan discusses that and more with Jason Furman, the former chairman of the Council of Economic Advisers in the Obama administration, now a professor at Harvard University. This conversation was recorded via Twitter Spaces.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | A story of betrayal you would struggle to believe if it wasn't true. |
| 0:04.1 | Listen to blood is thicker, the Hargan family killings early and add free on Wundry Plus. |
| 0:10.0 | Survivor 46 is here and so is on fire the only official Survivor |
| 0:15.1 | podcast and we have a twist this season. The winner of Survivor 45 |
| 0:19.0 | Diva Daris will be joining us every week. We're going behind the scenes of the biggest |
| 0:23.9 | moment, the how and the why things happen and the strategy and analysis you can only |
| 0:28.8 | get from someone like me, a survivor winner. Listen to on fire the official survivor podcast |
| 0:34.8 | wherever you get your podcast. |
| 0:38.1 | Hey there, this is Margaret Brennan. |
| 0:43.4 | With the U.S. barreling toward a debt ceiling showdown yet again, |
| 0:47.2 | we brought in Jason Furman, the former chairman of the Council of Economic Advisors |
| 0:51.6 | during the Obama-Biden administration to discuss what the debt ceiling is and why it matters. |
| 0:57.5 | Take a listen. |
| 1:01.5 | Good afternoon. |
| 1:03.4 | Jason Furman, it's Margaret Vernon. |
| 1:04.4 | Can you hear me? |
| 1:05.4 | I can hear you. |
| 1:06.4 | Good to talk to you. |
| 1:07.4 | I haven't done one of these Twitter spaces in a while. |
| 1:11.2 | But today is the day, because today US hit the cap on the amount of money |
| 1:15.8 | it can borrow to pay for all of its financial obligations and we thought who better to |
| 1:20.4 | talk to than you since you've lived through this before? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CBS News, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CBS News and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.