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The Fox News Rundown

From Washington: A Government Shutdown on the Horizon?

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 3 September 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

House Speaker Kevin McCarthy appeared on Fox News last week, signaling an impeachment inquiry may be coming for President Biden. This follows a months-long trend, with various Republican lawmakers calling for accountability and further investigation into the President and his family’s business and foreign business dealings. Even as the GOP teases possible impeachment, the President will still have to work with Congress to approve a federal budget by the end of September or face a government shutdown. Fox News Senior Congressional Correspondent Chad Pergram explains how Speaker McCarthy has tested the water for impeachment and what’s in jeopardy of being cut from federal spending as a government shutdown looms. For decades China has been purchasing portions of the United States' debt, ultimately earning the title of the largest foreign owner of U.S. Treasury securities. However, they forfeited their status after decreasing their holdings by more than nine percent, just under one trillion dollars. As tensions between the two countries continue to grow, many are concerned about the consequences of owing China money. President of the Committee for a Responsible Federal Budget, Maya MacGuineas explains the national security risks posed by foreign entities buying up American debt and why China's economic turmoil has impacted their decision to pull back. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Emily Campagno, host of The Fox True Crime Podcast.

0:03.6

I'm bringing you gripping details straight out of some of the most horrific crimes.

0:07.8

Join me starting September 18th for a week of true crime content you won't want to miss.

0:12.9

Be sure to subscribe wherever you listen.

0:30.0

He is really kind of preparing those reluctant members, maybe to say, okay, maybe you should

0:35.3

be ready for this.

0:36.3

I'm Ryan Schmelz.

0:37.8

The national debt heads towards $33 trillion, and it may be concerning to know which country

0:44.0

owns a portion of that debt, but is the tide turning.

0:47.4

It leaves us vulnerable from a national security perspective.

0:51.5

We borrow from abroad, we're dependent on overseas borrowing to help keep interest rates

0:56.5

low.

0:57.5

This is The Fox News rundown from Washington.

1:11.0

High crimes in misdemeanors, that's the standard for impeachment.

1:14.7

What behavior or actions rise to that level?

1:18.4

Historically, whatever the House of Representatives says does.

1:21.9

In 1868, the House voted to impeach President Andrew Johnson on 11 counts, mostly tied

1:27.9

to violating federal law to protect high-ranking officials like the Secretary of War from being

1:33.6

removed from office.

1:35.4

More than a century later, in 1998, President Bill Clinton was impeached by the House on two

1:40.9

counts, perjury in obstruction of justice, overlies about his affair with White House

1:46.5

in turn Monica Lewinsky.

...

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