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Economist Podcasts

A run for its money: funding crunches in Congress

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 28 September 2021

⏱️ 22 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.

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Transcript

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0:00.0

Hello and welcome to the intelligence from The Economist. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

0:17.6

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

0:23.6

so the ruling party is trying to clamp down on it.

0:26.6

But critics say the plan is more likely to hobble the kind of real journalism that takes the government to task.

0:33.6

And we pay a visit to a new immersive art center in France,

0:38.7

showcasing a playful conceptual artist's latest work.

0:42.5

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.

0:56.0

But first...

0:57.0

As long as we're still alive, we've got three things to do.

1:04.0

The dead ceiling, continue resolution, and the two pieces of legislation.

1:09.0

If we do that, the country's going to be a great show. President Joe Biden may have just used the biggest if of his presidency.

1:15.6

Three spending-related pushes in Congress are all crashing into one another.

1:20.6

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

1:25.6

Idris Kaloon is our Washington correspondent. First, Joe Biden had hoped to get the end of the week. Idris Kaloon is our Washington correspondent.

1:28.3

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

1:33.4

by the end of the week.

1:34.7

That is now looking to be jeopardized as Democrats are riven by internal disagreements over

1:41.5

precisely how large a safety net package should be passed.

1:46.0

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

1:53.0

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

1:58.3

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

...

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