Speaker Kevin McCarthy and this Week’s Great Expectations 03/06/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 6 March 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden’s fiscal year 2024 budget proposal will be released later this week, intensifying the debt limit fight between the President and Capitol Hill. House Speaker Kevin McCarthy discusses America’s debt crisis, his focus on bipartisanship, the legislative work the House has done, and more. Plus a glimpse into the 2024 race for the White House and potential nominees. And the FAA is holding an emergency safety meeting to address a number of recent near-crashes. CNBC’s Phil LeBeau reports on safety concerns in the country’s air travel system. In this episode: Kevin McCarthy, @SpeakerMcCarthy Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:02.6	Hi, I'm C NBC producer Katie Kramer today on Squack Pod.
0:08.6	We got McCarthy, speaker in-house.
0:11.2	Yes, speaker of the house in the house. House Speaker Kevin House. House. Yes. Speaker of the House in the House.
0:13.0	House Speaker Kevin McCarthy.
0:15.0	Look, we've got a lot of challenges out there, but I think the three greatest threats to America
0:19.6	long term is our debt, our education system, and China.
0:23.7	The Republican leader on America's debt crisis and President Biden's budget battle brewing.
0:29.5	This is what will break America.
0:31.3	Every great society collapses when they overextend themselves and
0:34.8	this is why it's so critical. And the 2024 race for the White House.
0:39.2	Do you think former President Trump would support somebody else if he doesn't get the nomination.
0:44.7	And if he doesn't, can that person win without the 30% that Trump seems to have total sway over?
0:51.7	My answer to you would be yes.
0:53.9	Plus US aviation regulators holding an emergency safety meeting
0:57.8	after multiple recent near plane crashes,
1:01.0	CNBC's Phil LaBoe. We have dramatically increased the number of flights compared to two or three years ago, and as a result,
1:09.0	you have a number of new people working in the system.
1:12.0	It's Monday, March 6th, Squawk Pod begins right now. Today on the podcast Great Expectations, the first full week of March when we can almost feel spring in the air and
1:36.0	investors are waiting and watching trying to shake off the chill of February. The Dow Jones Industrial Average broke a four-week losing streak on Friday.
1:49.3	So what's on the tap this week? First, the economy. Federal Reserve Chairman Jay Powell speaks to
1:55.1	committees in both houses of Congress between Tuesday and Wednesday to talk about
	...

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