Debt On It
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 18 January 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
Treasury Secretary Janet Yellen says the U.S. is on track to hit its debt ceiling by Thursday. The federal government has never defaulted on its debt, but House Republicans say they won’t lift the ceiling without spending cuts or other concessions.
House Speaker Kevin McCarthy reinstated coveted committee assignments to far-right members of his party – including Reps Marjorie Taylor Greene and Paul Gosar. Both lawmakers were booted off their respective panels in the last Congress over controversial posts they made on social media.
And in headlines: a jury was seated in a case brought by Tesla shareholders against Elon Musk, China’s population dropped for the first time in decades, and climate activist Greta Thunberg was briefly detained during a protest in Germany.
Show Notes:
- Mother Jones: Sinema and Manchin High-Five Over Refusing to Reform the Filibuster In a Room Full of the Richest People on Earth – https://tinyurl.com/2xunjbjh
- What A Day – YouTube – https://www.youtube.com/@whatadaypodcast
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Transcript
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| 0:00.0 | It's Wednesday, January 18th. I'm Priyanka Erbindi. |
| 0:09.4 | And I'm Lonita Tolliver and this is What a Day. |
| 0:11.6 | When we're assuming our invitations to the World Economic Forum's Davos retreat, |
| 0:15.4 | I lost in the mail. |
| 0:16.4 | Yeah, I spent weeks putting together some of the most heinous ski outfits that you have ever seen. |
| 0:21.8 | Yeah. |
| 0:22.0 | And now we have nowhere to wear them. |
| 0:23.8 | I just hope some of your fluffy vests are returnable and that you kept the receipts |
| 0:28.4 | on. |
| 0:29.4 | Today's show Tesla shareholders are taking Elon Musk to court over four-year-old tweet. |
| 0:36.5 | Plus some urgent news for fans of Dolly Parton and baked goods. |
| 0:40.7 | But first, the US is on track to hit the debt ceiling, aka the limit on how much money |
| 0:45.9 | the federal government can borrow by tomorrow. |
| 0:50.4 | So late last week, Treasury Secretary Janet Yellen warned Congress that this was likely |
| 0:55.0 | and said that after this Thursday, the Treasury would take, quote, extraordinary measures |
| 0:59.3 | to make good on the country's financial obligations, but only for the next few months. |
| 1:04.6 | Translation? |
| 1:05.6 | We've got some hard times ahead, y'all. |
| 1:07.7 | But before we get into this, can you break down the basics? |
| 1:10.4 | What is the debt ceiling and how is Congress dealt with it in the past? |
| 1:13.6 | Totally. |
| 1:14.6 | So the debt ceiling or the debt limit is the maximum amount of money that the federal government |
... |
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