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The Fox News Rundown

From Washington: Is The Nation Closer To A Debt Ceiling Resolution?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 6 May 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

With a deadline to avoid a default approaching sooner than expected, President Biden has invited the four top Congressional leaders to discuss the ongoing debt ceiling standoff. Treasury Secretary Janet Yellen has warned that the nation could potentially default on its debt by June 1st, meaning the country would not have enough money to pay its bills. The President has maintained that the debt limit must be raised with no conditions, leading many to wonder whether the upcoming meeting will lead to a resolution. FOX News Senior Congressional Correspondent Chad Pergram previews the President's debt limit meeting and discusses the consequences of failing to raise the debt limit. 75 years ago, President Harry Truman recognized Israel after the country declared itself an independent Jewish state. Since then, the United States has maintained a solid relationship with the country, with House Speaker Kevin McCarthy (CA-20) and House Minority Leader Hakeem Jeffries (NY-08) both paying bipartisan visits. However, Prime Minister Benjamin Netanyahu has not been extended the customary invitation to the White House after his win last year, raising concerns about judicial overhaul legislation as well as the right-wing coalition. Deputy National Secretary Advisor for the Middle East and North African Affairs during the Trump Administration Victoria Coates reassures listeners that Congress will continue to support the security relationship between the two nations, but says she cannot say the same about the Biden Administration. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Saturday, May 6, 2023, I'm Jared Halperner.

0:08.4

A first of its kind default on the U.S. debt is on pace to hit sooner than thought, putting

0:14.3

even more pressure on the president in Congress to strike a deal.

0:18.6

If we get to that point, a crisis moment, that's where things in early June or maybe late

0:23.8

may even get very serious on Capitol Hill, and that could spark action.

0:28.7

In the U.S.-Israel relationship marks 75 years with new tensions between Washington and

0:34.4

Jerusalem.

0:35.4

Congress, I think, will continue to be very supportive of the security relationship

0:39.6

between the United States and Israel, which is really the bedrock on which this whole

0:44.1

relationship is built.

0:45.5

This is the Fox News rundown from Washington.

0:59.3

When the big four get together, it's usually a big deal.

1:02.6

And when the big four, the term here in DC for the top congressional leaders are joined

1:07.1

by the president, that's often a bigger deal.

1:09.9

And when the big four meet with the president, potentially days before a first-ever U.S.

1:14.9

Treasury default in a catastrophic economic and financial fallout, well, that's where

1:20.3

we find ourselves now.

1:21.9

House Speaker Kevin McCarthy, House Democratic leader Hakeem Jeffries, Senate Majority

1:25.7

leader Chuck Schumer and the top Senate Republican Mitch McConnell have all been invited

1:29.9

to the White House on Tuesday to talk about a debt limit increase that may be needed by

1:35.4

June 1st.

1:37.0

For months, we've been talking about the debt limit, and those talks started uncontroversially

...

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