From Washington: What's At Stake Amid Looming Default Deadline

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 13 May 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden met with Speaker McCarthy and other top Congressional leaders on Tuesday to discuss raising the nation's debt limit ahead of a looming default. Although neither party was willing to change their stance surrounding the limit increase and spending cuts, a second meeting is in the works, which some believe to be a sign of progress. The Treasury's extraordinary measures are set to expire in June, leaving federal benefits, job losses, and access to capital at stake. FOX News Senior Congressional Correspondent Chad Pergram explores the possible consequences of failing to raise the debt ceiling and the impacts it could have on benefits. Later, he discusses the constitutionality of having a debt limit and the potential for the 14th Amendment to be invoked. May is observed as Mental Health Awareness Month, and people across the globe have been working to break the stigma and raise awareness surrounding behavioral health issues. Democratic Congressman Adam Smith (WA-09) has become a spokesperson for mental health in promoting his upcoming book, Lost and Broken: My Journey Back from Chronic Pain and Crippling Anxiety. He joins the podcast to discuss his battles with anxiety and chronic pain in hopes to open a widespread conversation, without guilt or shame, about mental health. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Nike.
0:04.2	It's packed to school season, and you and your child might be feeling a bit anxious.
0:09.0	As a parent, you're the best team mate for your mini-me, and together you can use sport
0:13.2	to help overcome anxiety.
0:15.6	Try something new as a family and celebrate even the little wins you achieve on the journey.
0:19.9	Create long-lasting memories that will take your kids from class to court and beyond.
0:25.5	Go to Nike.com, Ford slash Kids, to get school ready.
0:30.1	Saturday, May 13th, 2023.
0:36.3	I'm Jared Halpern.
0:37.6	A alarm bells are ringing over a possible debt default as talks continue,
0:42.8	but no breakthrough is made on a borrowing limit increase.
0:46.6	This is a global financial catastrophe if they don't do that even if it's just for a short time.
0:52.8	An ending the stigma surrounding anxiety, depression, and other mental health hurdles.
0:58.7	I think there has been a growing recognition that mental health needs to be, you know, part part of the equation.
1:05.3	This is the Fox News rundown from Washington.
1:18.9	What's the worst that could happen?
1:20.7	I have found that's usually not a great question to be asking,
1:23.6	but it is worth considering as President Biden and congressional leaders
1:27.2	try to figure out a way to raise the US borrowing limit before a debt default,
1:32.2	potentially, in just a couple of weeks.
1:34.9	This week in Japan, Treasury Secretary Janet Yellen again sounded the alarm.
1:40.4	A default on US obligations would produce an economic and financial catastrophe.
	...

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