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1 big thing

Parties come together to avert U.S. debt crisis

1 big thing

Axios

News

42K Ratings

🗓️ 30 May 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

President Biden and House Speaker Kevin McCarthy reached a debt ceiling deal over the weekend. Now, its up to Congress to vote for the bill and avoid a catastrophic default. Plus, a backlog of migrants builds on the Mexican side of the Southern border. And, Turkish President Erdoğan secures five more years in power. Guests: Axios' Hans Nichols and Stef Kight. Credits: Axios Today is produced by Margaret Talev, Alexandra Botti, Fonda Mwangi, Robin Linn, Lydia McMullen-Laird and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go deeper: Inside Biden’s relentless soft-sell on the debt ceiling bill Turkey's President Erdoğan wins re-election Mexico's border crisis: What the U.S. doesn't see "The Little Mermaid" makes a splash at Memorial Day weekend box office Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Seven Up Zero Sugar.

0:04.0

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0:08.0

You see an old picture of you and your mates grinning hard into the camera.

0:11.0

And you sit around a dinner table. The food and vibes were perfect.

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It brings up liftment to everyday moments of the food.

0:21.0

With its refreshing lemon and lime taste, it lifts you up.

0:24.0

Seven Up. Taste that lifts you up.

0:27.0

Crab a Seven Up Zero Sugar today.

0:34.0

Good morning. Welcome to Axios Today.

0:36.0

It's Tuesday, May 30.

0:38.0

I'm Margaret Taleb, Infernaila Boudou.

0:41.0

Today, a backlog of migrants builds on the Mexican side of the southern border.

0:46.0

Plus, Turkish President Erdogan secures five more years in power.

0:51.0

But first, the parties come together to avert a U.S. debt crisis.

0:55.0

That's today's one big thing.

1:00.0

President Biden and House Speaker Kevin McCarthy finally reached a deal

1:04.0

over the weekend on the debt ceiling.

1:06.0

And they've created a bill that would raise it by $4 trillion.

1:09.0

But now they'll have to convince the rest of Congress to vote for it

1:12.0

to avoid a catastrophic default by the U.S. government.

1:15.0

So here to help us dig deeper is Axios political reporter Hans Nichols.

...

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