House Speaker Kevin McCarthy said he would agree to raise federal government's borrowing limit in exchange for cuts to discretionary, non-defense spending and other changes to federal safety net programs — though he likely does not have enough support from his own party to actually pass the plan through his chamber.

The U.S. must raise its borrowing limit by early summer in order to avoid destabilizing the global economic system.

This episode: White House correspondent Tamara Keith, political correspondent Susan Davis, and congressional correspondent Deirdre Walsh.

The podcast is produced by Elena Moore and Casey Morell. It is edited by Eric McDaniel. Our executive producer is Muthoni Muturi.

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