Parties come together to avert U.S. debt crisis

1 big thing

Axios

News

4 • 2K Ratings

🗓️ 30 May 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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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	Picture this. You're looking at the camera rolling your phone.
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.
0:15.0	Infuse your joyful moments with Seven Up.
0:18.0	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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