Congressional Chaos & Holiday Debt 01/05/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 January 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House of Representatives faces another day without a Speaker. Members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep Nicole Malliotakis (R-NY) discuss the GOP’s messy stalemate and the bipartisan goals still ahead for Congress. This season’s gifts and travel expenses have upped consumer debt; CNBC’s senior personal finance correspondent Sharon Epperson reports on the holiday’s hefty price tags for American consumers–as well as tips for paying them off. Plus, Amazon’s weathering another round of layoffs, and the EU is asking travelers from China to take Covid tests before arrival. In this episode: Josh Gottheimer, @RepJoshG Nicole Malliotakis, @RepMalliotakis Ylan Mui, @ylanmui Sharon Epperson, @Sharon_Epperson Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm C.N.
0:07.0	producer Cameron Costa.
0:08.0	On today's episode, A Crisis of Congress.
0:12.0	It's day three without a House speaker.
0:15.0	And CnBC's Alon Moy is in Washington.
0:18.0	Really, it is just not clear who the alternative might be at this point
0:21.0	and that's why Republicans just seem stuck in
0:23.4	this Groundhog Day loop of voting and voting and voting with no resolution.
0:27.3	Breaking the stalemate and what'll be left of the Republican Party, members of the Problem Solvers Caucus,
0:34.7	Democrat Josh Gotheimer, I want to make sure that we're able to actually govern after
0:39.0	this is all over, and Republican Nicole Malayatakis.
0:42.4	They should be putting those petty personal interests aside
0:45.8	and do its best for the conference in the country.
0:48.3	That huge story, plus more layoffs at Amazon
0:52.0	and more debt for Americans.
0:54.6	C. NBC's Sharon Epperson.
0:56.4	For many consumers, $1,500 is just the tip of the iceberg
1:00.5	when it comes to their overall debt load.
1:02.6	It's Thursday, January 5th, 2023,
1:06.1	and Squacapad begins right now.
1:08.7	Stand Becky by in three, two, one, queue please please. Good morning everybody.
	...

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