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NPR News: 05-27-2023 7PM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 27 May 2023

⏱️ 5 minutes

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Summary

NPR News: 05-27-2023 7PM EDT

Transcript

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0:00.0

Live from NPR News in Washington, I'm Janine Herbst.

0:04.8

President Biden and House Speaker Kevin McCarthy are speaking on the dead ceiling.

0:09.4

Envier as Franco, Ordonia's reports that they hope to resolve the last few issues to raise

0:15.2

the debt limit.

0:16.9

President Biden spoke optimistically about reaching a deal when he left the White House

0:20.5

for Camp David.

0:21.5

The Republican negotiator said today that there is still some big thorny issues that the

0:26.0

President and Speaker need to resolve themselves.

0:29.3

The two sides have largely agreed on the contours of a deal that would raise the government's

0:33.2

borrowing limit for two years while putting a two-year cap on federal spending.

0:38.3

Republicans have pressed, though, for more work requirements on federal assistance programs,

0:42.2

such as food stamps and Medicaid.

0:44.6

Franco, Ordonia's, and P.R. News.

0:47.4

Meanwhile, the Secretary of Veterans Affairs is warning that a default would be catastrophic

0:53.1

for veterans, and P.R.'s quailorance has more.

0:56.4

7.1 million veterans get monthly benefits checks.

1:00.2

Another million get reimbursed care from outside VA.

1:02.9

If Congress fails to raise the debt ceiling, there won't be money to write those checks,

1:07.2

says VA Secretary Dennis Macdonough.

1:09.1

There's no blueprint of what happens to VA if the debt limit is reached.

1:14.5

Each month, Treasury makes payments on behalf of VA of approximately $25 billion.

1:21.5

All of these payments could be curtailed or stopped.

...

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