Kevin McCarthy Pitches the GOP's Debt Ceiling Plan

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

4 • 2.7K Ratings

🗓️ 17 April 2023

⏱️ 21 minutes

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Summary

The House Speaker lays out the House GOP's offer to President Biden in return for voting to raise the debt ceiling. But Biden still refuses to negotiate, which will test whether McCarthy can keep his caucus together as the borrowing limit nears. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Three, two, one.
0:04.3	What will the world look like 10 or 20 years from now?
0:07.2	The Wall Street Journal's future of everything podcast is here to give you a peek, and we
0:11.3	can't wait to show you what's coming.
0:13.7	Subscribe now.
0:15.6	From the opinion pages of the Wall Street Journal, this is Potomac Watch.
0:24.8	House Speaker Kevin McCarthy lays down his markers for passing an increase in the US
0:30.4	debt ceiling at a speech Monday to the New York Stock Exchange.
0:33.9	What did he say and will President Biden even agree to negotiate with the Republicans?
0:40.7	The President has refused so far, but the debt limit will be reached.
0:45.0	Now we think in June and financial markets are getting.
0:48.8	Jittery, welcome.
0:49.8	I'm Paul Gigo.
0:50.8	I'm here with my Wall Street Journal opinion colleagues, Kim Strassel and Kate Batchelder,
0:56.0	Odell.
0:57.2	With all the attention on Donald Trump and intelligent leaks and other stories, the fiscal debate
1:01.2	in Washington has been on the back burner.
1:04.6	But a return to the front on Monday as Congress returns to work after the Easter recess.
1:10.2	And Speaker McCarthy laid out his starting offer for debt ceiling talks, assuming those
1:15.5	talks ever take place.
1:18.0	Let's listen to a summary of what he says the House will do.
1:22.1	Since the President continues to hide, House Republicans will take action.
	...

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