Biden Meets McCarthy, as the Debt Ceiling Looms

WSJ Opinion: Potomac Watch

The Wall Street Journal

News, Society & Culture

4.2 • 2.8K Ratings

🗓️ 1 February 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Joe Biden and Speaker of the House Kevin McCarthy sit down face to face to discuss spending, debt, and an impending U.S. default. What does each side want, and is real negotiation in the works? Plus, the Justice Department searches Biden’s vacation home in Rehoboth Beach to look for classified documents. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The scientists of today are creating the next big thing.
0:04.5	On the Wall Street Journal's future of everything podcast, get an early listen to what tomorrow
0:08.9	has in store.
0:10.8	Find us wherever you get your podcasts.
0:18.3	From the opinion pages of the Wall Street Journal, this is Potomac Watch.
0:24.4	President Biden meets with Speaker Kevin McCarthy about America's looming debt ceiling
0:29.3	problem.
0:30.6	As the FBI shows up to search Biden's beach house for secret documents.
0:34.8	Welcome.
0:35.8	I'm Kyle Peterson with the Wall Street Journal.
0:37.5	We are joined today by my colleagues columnist Kim Strassel and editorial board member
0:42.1	Meneh Ujwai Barua.
0:44.5	President Biden and Speaker McCarthy will meet this afternoon one on one for the first
0:48.9	time.
0:50.1	And a range of topics might come up.
0:51.6	But certainly one is the debt ceiling earlier this month.
0:54.6	The US hit its borrowing limit of $31.38 trillion.
1:00.5	And the Treasury is now taking what it calls extraordinary measures to prevent the United
1:04.8	States from defaulting on its obligations.
1:07.7	Let's listen to Kevin McCarthy on Sunday.
1:10.2	This is him on Face the Nation, explaining what he plans to discuss with Biden during
1:14.9	their meeting.
	...

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