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The Fox News Rundown

Pressure Building On The President As Debt Ceiling Crisis Looms

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 9 May 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

For the first time since February, President Joe Biden will meet with House Speaker Kevin McCarthy and other top congressional leaders to discuss the debt limit crisis. Treasury Secretary Janet Yellen has warned that the country could default and face a potential 'financial collapse' as early as June 1 if a solution isn't found. Last month, House Republicans passed a bill to raise the debt limit that includes healthcare spending cuts, which both the Democratic-controlled Senate and President Biden said they won't approve. Senator Bill Cassidy (R-LA) joins the Rundown to discuss the standoff, why he believes the president needs to show more leadership, and why he says he will refuse to raise the debt limit unless it comes with significant spending cuts. If you think things are bad at the border now, they're about to get worse. That's because Title 42, the Covid-related policy used to keep many migrants out, is about to end. Officials are bracing themselves for an even bigger surge as the country reverts back to old immigration law. Charles Marino, who was a Homeland Security Advisor during the Obama Administration, joins the FOX News Rundown to discuss why Title 42 ending will make the border crisis even worse and why he feels the Biden administration has been slow to prepare for this massive change. Plus, commentary from author David Marcus. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Ashley Webster.

0:01.0

I'm Kennedy.

0:02.0

I'm Jason Chafetz, and this is the Fox News rundown.

0:05.3

Tuesday, May 9, 2023, I'm Ryan Schmelz.

0:12.8

The top leaders in both the House and Senate are heading to the White House to meet with

0:16.7

President Biden.

0:18.0

This as a number of Senate Republicans say they won't agree to raise the debt ceiling

0:22.1

unless there are spending reforms.

0:24.1

Why can't Senate Republicans and Senate Democrats do anything?

0:27.0

Because the President says I want it exactly the way I want it and I won't do anything

0:30.2

else.

0:31.2

We speak with one of those senators, Senator Bill Cassidy from Louisiana.

0:35.4

I'm Jessica Brosenthal.

0:37.4

Some are waiting to cross, others are not.

0:39.6

As a COVID health policy is set to lift Thursday that kept migrant south of the border throughout

0:44.3

the pandemic.

0:45.7

Records are already being broken and even more migrants are expected.

0:49.6

What it means is that this border crisis is going to become everyone's problem.

0:54.7

And I'm David Marcus.

0:56.2

I've got the final word on the Fox News rundown.

1:03.4

Ahead of the meeting between party leadership and President Biden at the White House, the

1:08.0

clock is ticking on Congress and the President, as Treasury Secretary Janet Yellen says the

...

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