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The Situation Room with Wolf Blitzer and Pamela Brown

House passes Republican bill to raise debt limit

The Situation Room with Wolf Blitzer and Pamela Brown

CNN

News

3.2865 Ratings

🗓️ 27 April 2023

⏱️ 82 minutes

🧾️ Download transcript

Summary

House Republicans score a victory after the House passes a bill to raise the nation’s $31.4 trillion debt limit by an additional $1.5 trillion. As part of the bill, the GOP also proposes to block Biden’s plan to grant student loan forgiveness, repeal green energy tax credits and kill new Internal Revenue Service funding. Plus, President Biden strikes a landmark deal to send a nuclear submarine to South Korea for the first time in some 40 years. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Happening now. We're standing by for House votes at a Republican plan to raise

0:07.6

the nation's debt limit after a last-minute rewrite and we're tracking

0:11.8

speaker Kevin McCarthy's 11th hour efforts

0:14.0

to get GOP holdouts to fall in line. Also tonight President Biden strikes a

0:19.9

landmark deal to send a nuclear submarine to South Korea for the first time in some 40 years.

0:27.0

The President and the South Korean counterpart going to new lengths today to deter North Korea's Kim Jong-un and is escalating nuclear threats.

0:37.0

And gripping testimony under oath by the woman who alleges Donald Trump sexually assaulted her in a department store dressing room decades ago.

0:46.8

CNN was inside the courtroom as E. Jean Carroll took the stand.

0:51.8

Welcome to our viewers here in the United States and around the world.

0:55.6

I'm Wolf Plitzer, you're in the situation room.

0:57.8

All right now

1:04.0

let's go right to Capitol Hill right now for the latest on the very high stakes

1:07.8

showdown over raising the nation's federal debt limit.

1:11.6

CNN congressional correspondent Jessica Dean is following all of this for us.

1:15.8

Jessica, Republicans have been scrambling big time to hold a vote today on their plan to raise

1:20.9

the debt ceiling.

1:22.3

Where do things stand right now?

1:24.0

Well, Wolf, the chamber is just here to my right

1:27.0

and we are set to begin a series of vote that is expected to include

1:31.0

the vote on this debt ceiling legislation here at any moment but the big

1:34.8

question remains does House Speaker Kevin McCarthy have the votes the 218 to get

1:39.8

it over and through the finish line and that's just the thing we aren't sure of right now based on trying to talk to the people

...

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