McCarthy: need a debt deal “this week” to avoid default

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 22 May 2023

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden and House Speaker McCarthy are meeting tonight to try and avoid a default as we examine what may be on and off the negotiating table. Plus, Sen. Tim Scott (R-S.C.) sets his sights on the White House after announcing his bid for the 2024 presidency. Also, according to sources, Donald Trump asked whether he could push back against Justice Department efforts to recover classified documents still in his possession during conversations with his lawyer over compliance with a federal subpoena. 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	The U.S. might just be 10 days away from defaulting could a meeting coming up in the next
0:08.6	hour change that the lead starts right now.
0:11.9	President Biden and House Speaker McCarthy meeting in a matter of minutes, what is on?
0:16.2	What is off the negotiating table?
0:18.1	As McCarthy insists, he needs to see a deal this week to avoid default.
0:23.5	Plus, a new name in the 2024 presidential race.
0:27.4	I'm running for President of the United States of America.
0:37.7	Republican Tim Scott setting his sights on the White House and his GOP backers hope the
0:41.8	Senator from South Carolina can be the one to beat Trump and then Biden and a not guilty
0:48.3	plea today in the murders of four Idaho college students and the gag order keeping information
0:53.6	secret in this case.
1:00.0	Welcome to the lead on Jake Tapper.
1:01.4	We're going to start today with our money lead.
1:03.2	Can they make a deal?
1:04.8	In the next hour, President Joe Biden and House Speaker Kevin McCarthy will meet face-to-face
1:08.8	at the White House as the United States, careens toward an economic catastrophe that only
1:13.7	those two can prevent.
1:16.1	We're just 10 days away from the U.S. potentially running out of money to pay its bills, according
1:20.0	to Treasury Secretary Janet Yellen.
1:22.6	That could happen as soon as June 1st.
1:26.1	But the timeline could be even more urgent than that because this afternoon Speaker McCarthy
1:30.7	told CNN that a deal needs to be made this week for practical reasons if they're going
	...

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