Biden and McCarthy’s debt ceiling battle

1 big thing

Axios

News

4 • 2K Ratings

🗓️ 22 May 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The next debt ceiling meeting between President Biden and House Speaker Kevin McCarthy is set for Monday afternoon. But there’s another possible constitutional option that some Democrats are pushing for: using the 14th Amendment. Plus, passport delays may derail summer travel. And, a $29 hot dog in Manhattan is the new symbol for food inflation. Guests: Axios' Hans Nichols, Kelly Tyko and Jennifer Kingson. Credits: Axios Today is produced by Niala Boodhoo, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: Biden teases 14th Amendment "authority" on debt ceiling Passport application delays could derail summer travel Behold, the $29 hot dog Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken Pro, with all new trading features and a fully
0:05.4	customizable interface.
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0:10.6	Head to pro.krakken.com and trade like a Pro.
0:13.8	Cryptocurrencies are unregulated in the UK.
0:16.0	Profits may be subject to capital gains tax and the value of cryptocurrencies can go down
0:19.7	or up.
0:23.9	Good morning.
0:25.6	Welcome to Axios today.
0:26.6	It's Monday, May 22.
0:28.6	I'm Naila Boudou.
0:29.8	Here's what you need to know today.
0:31.2	Passport delays may do rail summer travel.
0:34.3	Plus, a $29 hot dog is the new symbol for food inflation.
0:39.5	But first, Biden and McCarthy's debt ceiling battle.
0:42.9	That's today's one big thing.
0:49.0	The next debt ceiling meeting between President Biden and House Speaker Kevin McCarthy
0:53.1	is set for this afternoon.
0:54.8	But there's another possible option some Democrats are pushing for, invoking the
0:59.0	Constitution to work around McCarthy and the other Republicans.
1:03.0	I'm looking at the 14th Amendment as to whether or not we have the authority.
1:07.8	I think we have the authority.
	...

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