NPR News: 05-26-2023 6PM EDT
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🗓️ 26 May 2023
⏱️ 5 minutes
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| 0:00.0 | Live from NPR News in Washington, I'm Jack Spear. |
| 0:05.6 | Treasury Secretary Janet Yellen is now warning the government will run short of money to |
| 0:10.9 | pay its bills unless Congress acts to raise the debt ceiling by June 5th. |
| 0:16.0 | And PR Scott Horsley reports on the new timeline the Secretary spelled out today. |
| 0:20.0 | In a letter to lawmakers, Yellen says the government will make scheduled payments to veterans |
| 0:24.4 | and social security recipients on June 1 and 2. |
| 0:28.5 | But doing so will leave the government with very little cash on hand. |
| 0:32.2 | Unless Congress acts quickly to allow additional borrowing by the government, there likely |
| 0:36.2 | won't be enough money to make payments to the following week, June 5th. |
| 0:40.6 | The new timeline is more precise than Yellen's earlier warnings, but also suggest lawmakers |
| 0:45.2 | have a few more days to reach agreement on a new borrowing limit. |
| 0:49.3 | The Treasury Secretary once again urged Congress to act quickly, noting the government's |
| 0:53.2 | short-term borrowing costs have already increased as a result of the debt ceiling printmanship. |
| 0:58.5 | Scott Horsley and PR New is Washington. |
| 1:00.2 | President Biden and First Lady Jill Biden welcomed NCAA women's basketball champs Louisiana |
| 1:05.5 | state to the White House today. |
| 1:07.4 | Then coming despite some bruised feelings after Jill Biden had at one point suggested |
| 1:12.0 | runner-up Iowa also be invited. |
| 1:14.8 | But today all that appeared forgotten with Biden hailing the team and pointing out women |
| 1:18.3 | are taking over not just on the court. |
| 1:19.9 | It's been 51 years. |
| 1:20.9 | It's been 51 years past Title IX. |
... |
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