Debt default talks hit a snag
The Lead with Jake Tapper
CNN
3.5 • 1.7K Ratings
🗓️ 20 May 2023
⏱️ 80 minutes
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| 0:00.0 | Only 13 days until possible economic catastrophe and guess what, your elected leaders have |
| 0:06.0 | opted to take a pause on trying to prevent it. |
| 0:09.5 | The lead starts right now. |
| 0:12.1 | A major snag with debt negotiations up against the clock and the government set to run out |
| 0:17.3 | of money to pay its bills in less than two weeks now, putting everything from your job |
| 0:21.3 | to social security checks to your retirement fund all at risk and yet negotiations right |
| 0:25.9 | now they ain't happening. |
| 0:28.8 | On the other side of the world, Biden is meeting with major economic power leaders in |
| 0:32.8 | Japan and the Ukrainian president, announced a surprise visit of his own there to make |
| 0:38.4 | a major ask. |
| 0:39.7 | Plus, a new name officially added to the Republican field of candidates for president, making |
| 0:45.4 | a case why Donald Trump should not be the GOP nominee. |
| 0:53.3 | Welcome to the lead I'm Jake Tapper, we're going to start today with our money lead |
| 0:56.1 | and talks to avoid an economic catastrophe in the United States. |
| 1:00.9 | If it's something of a snag, Republican negotiators walked out of a meeting on the debt ceiling |
| 1:05.9 | with the White House today saying they decided to press pause because talks with White |
| 1:10.1 | House Aids were, quote, not productive. |
| 1:12.8 | And how Speaker Kevin McCarthy today seemed radically less optimistic on a potential deal |
| 1:18.0 | than he did yesterday. |
| 1:20.1 | This is where I really felt we were at the location where I could see the path. |
| 1:25.6 | The White House is just, but we can't be spending more money next year, we have to spend |
| 1:30.5 | less than we spent the year before, it's pretty easy. |
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