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The Daily Punch

May 2, 2023:

The Daily Punch

Punchbowl News

Politics, Government, News

4.3707 Ratings

🗓️ 2 May 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

The five things to watch on the debt limit. Plus, what Speaker Kevin McCarthy told us in Jerusalem.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Across America, Walmart is helping small and medium-sized businesses grow.

0:05.8

The retailer's $350 billion investment in U.S. manufacturing supports businesses like

0:12.5

Athletic Brewing, which opened a new brewery and hired 200 people since working with Walmart.

0:18.7

Learn how Walmart's commitment to products made, grown, or assembled in America is

0:24.2

fueling America's workforce by visiting walmart.com slash America at work.

0:30.9

Good morning, I'm Anna Palmer and welcome at the Daily Punch, brought to you by Punch Bowl News.

0:35.6

It's May 2nd, 2023.

0:37.9

Let's get into the mix.

0:39.0

Here are your Washington headlines of the day.

0:41.5

Number one, the latest on the debt ceiling.

0:43.7

Number two, what Ken McCarthy said in Jerusalem.

0:47.2

And number three, state blows by another House GOP subpoena deadline.

0:53.5

All right, let's get into it. A lot is happening in Washington

0:58.0

as Treasury Secretary Janet Yellen told congressional leaders in a Monday letter that the U.S.

1:03.7

government could default on its $31.4 trillion debt as early as June 1st unless Congress acts. This is far, far earlier than many

1:14.6

had expected, and some Republicans are questioning whether it's the real deadline. Shortly before

1:21.1

Yellen's letter went public, we scooped that President Joe Biden called Speaker Kevin McCarthy

1:26.2

and other members of the Big Four,

1:28.7

seeking to schedule a meeting to discuss lifting the borrowing cap.

1:33.3

That sit-down is slated for May 9th, a week from today.

1:37.9

Here are five things we're watching right now.

1:41.1

Number one, Yellen's letter had immediate and perhaps counterintuitive effect of

...

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