NPR News: 01-19-2023 4PM ET
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🗓️ 19 January 2023
⏱️ 5 minutes
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| 0:00.0 | Live from NPR News in Washington, I'm Lakshmi Singh. |
| 0:05.4 | Treasury Secretary Janet Yellen says the U.S. has hit the debt limit and the government |
| 0:09.8 | is using what are called extraordinary measures to avoid default. |
| 0:14.1 | Here's NPR's David Goura. |
| 0:15.3 | In a letter to congressional leadership, Treasury Secretary Janet Yellen urged lawmakers |
| 0:19.3 | to act promptly to raise the debt limit, to protect the full faith and credit of the |
| 0:23.7 | U.S. |
| 0:24.7 | But so far, there isn't a clear path forward for Congress to do that. |
| 0:28.4 | Some Republicans say they intend to use the debt limit as leverage to get spending cuts. |
| 0:33.2 | The extraordinary measures the Treasury Department is now taking, including the suspension of investments |
| 0:37.7 | in a government retirement fund, will only work for a few months. |
| 0:41.3 | Yellen says until early June. |
| 0:43.8 | If there's no resolution by then, the U.S. would default on its debt, which would royal |
| 0:47.7 | global markets, and have huge economic ramifications. |
| 0:51.4 | David Goura, NPR News, New York. |
| 0:54.0 | The White House warns there is no room for negotiation on the debt ceiling it has to |
| 0:57.7 | be raised. |
| 0:58.7 | On Air Force One today, a top U.S. official cited a report that as many as six million |
| 1:02.8 | jobs are on the line if the country defaults. |
| 1:05.6 | Separately, the White House reacted to news out of New Zealand, where Prime Minister Jacinda |
| 1:09.6 | Ardern says she's stepping down next month because of burnout. |
| 1:13.6 | Ardern earned international praise for her leadership, especially in the aftermath of |
... |
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