Big Test for Debt Deal as Default Deadline Looms

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 30 May 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 30. U.S. lawmakers are set to start voting today on a debt deal brokered by the White House and House Republicans. WSJ reporter Siobhan Hughes and University College London Professor Julie Norman discuss the road ahead and what a freeze on domestic spending could mean for bipartisanship going forward. Plus, residential areas outside Moscow are hit by a drone attack. And China rebuffs a U.S. request for a meeting between their defense chiefs. Luke Vargas hosts. 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 Network Rail.
0:04.0	It's easy to disappear into your own bubble when you're out and about,
0:08.0	whether you're lost in your thoughts or lost in nature.
0:11.0	The last thing on your mind is the danger of trains at level crossings.
0:16.0	Beware the bubble, stay aware, take care and help us keep you safe at level crossings.
0:23.0	The Death Sealing Deal faces a crucial first test in Congress.
0:31.0	It's going to be tricky to get this past.
0:33.0	This is a real test of just bipartisanship in general,
0:36.0	like does bipartisan legislation like this still work in Washington
0:40.0	because you really are dependent on the middle,
0:43.0	the more centrist and moderates in both parties.
0:45.0	Plus drones hit residential areas in Moscow for the first time
0:50.0	and China rebuffs US attempts for a top level defense meeting.
0:55.0	It's Tuesday, May 30th.
0:57.0	I'm Luke Vargas with Wall Street Journal,
0:59.0	and here is the AM edition of What's News,
1:02.0	the top headlines and business stories moving your world today.
1:07.0	We begin on Capitol Hill, where US lawmakers are set to start voting today
1:16.0	on the Death Deal reached over the weekend.
1:19.0	In principle, the agreement which was brokered by the White House
1:22.0	and House Republicans will raise the debt ceiling
1:25.0	through January 1st, 2025,
	...

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