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The Fox News Rundown

From Washington: Congress Makes Final Push For Debt Limit Deal

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 27 May 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

A deal to lift the debt limit has yet to be reached as Congress continues talks with the White House. Earlier this week, Speaker McCarthy said that some progress was made amid negotiations with President Biden, who has long claimed that he would be unwilling to make concessions to lift the deal. The U.S. is now only days away from potentially defaulting on its debt, meaning the country would no longer have the cash needed in order to meet its financial obligations. FOX Senior Congressional Correspondent Chad Pergram discusses where each party stands ahead of the looming debt ceiling deadline, as well as the timeline for Congress to strike a deal. President Joe Biden stated that the United States will support an effort to train Ukrainian fighter pilots on the F-16 aircraft during the G7 meeting last week. According to DoD officials, there is no information on where the aircraft will come from or when they will be delivered. Chairman of the House Foreign Affairs Committee Rep. Michael McCaul (TX-10) explains that this process could take months, criticizing the Biden Administration for the delay in this training and stresses how crucial it could have been in the counter-offensive that Ukraine could launch as early as the end of this month. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:21.6

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0:29.0

Saturday, May 27th, 2023, Amrion Schmelz, Deal, or No Deal, and even with a deal, will

0:43.4

enough members of Congress accept it?

0:45.7

Where do we stand on a debt-sealing deal, and what will it take to get done, and avoid

0:50.1

a default economist warn could be devastating?

0:53.6

They pretty much unless something comes together very quickly, they are past the June 1st

0:57.9

deadline.

0:58.9

Jessica Rosenthal, U.S. money to assist Ukraine may dry out this summer, is more money on

1:04.4

the way with a Republican majority in the house, a new aid package may have to wait.

1:09.4

The large percentage of this has gone into modernizing and replenishing our stockfiles.

1:16.3

This is the Fox News rundown from Washington.

1:29.5

As many Americans set out for a long weekend, traveling to the beach, enjoying time with

1:34.3

family, and honoring America's fallen service members, many will have their bank accounts

1:39.4

at the top of their minds, and it's not just because of their holiday spending habits.

1:44.3

That's because even with the deal from the White House and House Republicans, there

1:48.2

are still plenty of roadblocks to lifting the debt-sealing.

1:51.6

Throughout the week's long negotiations, both sides have held a hard line on many issues.

1:57.0

Like Chip Roy of Texas, demand spending cuts to curb the national debt, closing in on $32 trillion.

2:04.4

But we are defaulting on the American Dream every single day that goes by, where we continue

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