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NPR News Now

NPR News: 06-03-2023 7AM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 3 June 2023

⏱️ 5 minutes

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Summary

NPR News: 06-03-2023 7AM EDT

Transcript

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0:00.0

Live from MPR News, I'm Joll Snyder.

0:04.6

President Biden is set to sign into law today that bipartisan debt ceiling bill Congress

0:10.2

passed this week in his address to the nation last night.

0:14.0

Biden called a potential U.S. to fault.

0:16.7

A crisis averted.

0:18.3

And Pierce Franca Werdonia has more.

0:20.4

President Biden has another win to notch after the Senate followed the House and passed

0:24.3

legislation that cuts federal spending as well as suspends the debt ceiling until after

0:28.6

the 2024 election.

0:30.4

The bipartisan deal comes just days before the Treasury Secretary had warned that the

0:34.5

government would run out of money to pay its bills.

0:37.4

It also ends months of tensions in Washington after Republicans refused to raise the debt

0:42.2

limit unless Biden and the Democrats place more restrictions on federal spending.

0:46.8

The president tweeted after the Senate vote that no one gets everything they want in a

0:50.6

negotiation, but that senators voted to protect hard-earned economic progress.

0:55.8

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

0:58.2

Despite the debt ceiling agreement, the Fitch Credit Rating Company says it's maintaining

1:03.3

a negative watch on the government's credit because of repeated brinksmanship over the

1:08.2

issue.

1:09.2

The United Nations Security Council is calling on Sudan's warring factions to immediately

1:14.2

cease hostilities.

1:16.0

And Linda Fasulo reports the Council is also extending the U.N.'s political transition

...

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