meta_pixel
Tapesearch Logo
Log in
The Intelligence from The Economist

A run for its money: funding crunches in Congress

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 28 September 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

America’s crash of deadlines carries risks for the government’s budget and just possibly its sovereign debt, and threatens Joe Biden’s presidency-defining social-spending reforms. We ask what happens next. South Korea’s government is ostensibly cracking down on fake news; in practice it may be hobbling real journalism. And the hopeful view provided by a French conceptual artist’s latest work.

For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Intelligence from the Economist. I'm your host, Jason Palmer.

0:09.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.2

Like just about everywhere else, fake news in South Korea has a poisonous effect on politics,

0:24.6

so the ruling party is trying to clamp down on it. But critics say the plan is more likely

0:29.6

to hobble the kind of real journalism that takes the government to task.

0:33.2

And we pay a visit to a new immersive art center in France showcasing a playful conceptual

0:40.5

artist's latest work. It's a powerful reminder of a more confident pre-pandemic past,

0:46.6

perhaps a prelude to a more confident post-pandemic future.

0:50.6

But first, as long as we're still alive, we've got three things to do. The debt ceiling,

1:05.6

continued resolution, and the two pieces of legislation. We do that, the country's going to be

1:10.5

in creation.

1:11.5

President Joe Biden may have just used the biggest if of his presidency. Three spending-related

1:17.7

pushes in Congress are all crashing into one another.

1:21.1

There are several crucial deadlines that are bunched up towards the end of the week.

1:26.2

Idris Calune is our Washington correspondent.

1:28.5

First, Joe Biden had hoped to get the majority of his presidential agenda through Congress

1:33.4

by the end of the week. That is now looking to be jeopardized, as Democrats are driven

1:39.3

by internal disagreements over precisely how large a safety net package should be passed.

1:46.2

That safety net is the Build Back Better Act, Mr. Biden's signature massive social spending

1:51.9

plan. While Democrats remain divided on what precisely should be in it, and how much it

1:57.2

should cost, the House will vote on Thursday on a slightly less contentious $1.2 trillion

2:03.6

bipartisan infrastructure plan. But this is just a busy week. Thursday is also the

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.