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The Lead with Jake Tapper

Debt default talks hit a snag

The Lead with Jake Tapper

CNN

News

3.51.7K Ratings

🗓️ 20 May 2023

⏱️ 80 minutes

🧾️ Download transcript

Summary

First: Your elected leaders have taken a pause to try to prevent economic catastrophe. What's seen as a major snag in debt negotiations puts everything at risk.  Plus: Joe Biden meets with G7 leaders in Japan where Ukraine leader Zelensky arrives with a big ask.  And: A new name enters the 2024 GOP presidential race, making the case why Donald Trump should not be the Republican nominee.  To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

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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