It’s debt ceiling season

Today, Explained

Vox

Politics, Daily News, News

4.3 • 10.3K Ratings

🗓️ 19 January 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

House Republicans are refusing to raise the US debt ceiling without huge concessions. Vox’s Dylan Matthews explains why we have a debt ceiling to begin with (and how President Biden could bypass it). This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Everywhere you go in Washington DC these days, you hear people talking about it.
0:07.0	You hear it at the bus stop.
0:09.0	The Dead ceiling.
0:10.0	You hear it at the barber shop.
0:13.0	The Dead ceiling.
0:14.0	You hear it at the grocery store.
0:17.0	The Dead ceiling.
0:18.0	You hear it on the street corners.
0:21.0	The Dead ceiling.
0:23.0	But what is it?
0:25.0	Why do we have it?
0:26.0	Why do we have to fight about it every so often?
0:29.0	Why is our government built this way?
0:32.0	Could we have built it better like?
0:35.0	What would the fine people of Washington DC be talking about if we had?
0:40.0	We're going to break out the shovels and dig into these questions on this edition of today's Explained.
0:59.0	Have you ever been caught out by payments you've forgotten about?
1:02.0	Join over 2.5 million customers who are already using the Lloyd's Bank upcoming payments tool on our app.
1:08.0	It gives you early sight of regular payments that are due to leave your account in the next 31 days to avoid any surprises.
1:16.0	It's just one of our many useful tools that can help you stay on top of your money.
1:21.0	To find out more go to Lloydsbank.com forward slash cost of living.
1:26.0	Lloydsbank by your side.
	...

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