meta_pixel
Tapesearch Logo
Log in
Money Rehab with Nicole Lapin

Student Loans and the Debt Ceiling Deal

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 30 May 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

On Sunday night, Speaker of the House Kevin McCarthy revealed a 99-page debt deal that would stop the U.S. from defaulting on its debt and raise the debt ceiling. The people who will be impacted most from this proposed agreement are people who have student loan debt, who are on food assistance programs, and mama earth. Nicole explains the new debt deal and the biggest implications. The next President will have to address the debt ceiling question yet again, so make sure that person represents your priorities. To help someone in your life register to vote, send them this link: https://www.vote.org/register-to-vote/

Transcript

Click on a timestamp to play from that location

0:00.0

When you find the right potential hire for your business before sending that off

0:03.4

your letter, just do a quick background check. Checker makes it so easy for small businesses to

0:08.0

get reliable, comprehensive results in just an hour. Best of all, checker is commitment-free

0:12.8

with affordable pay-as-you-go pricing customizable to fit small business means. Sign up for checker

0:18.8

and hire with confidence. Right now, money rehab listeners will get $40 off your first

0:23.9

background check when you visit checker.com slash MN. That's check with the letter R dot com slash MN.

0:36.3

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:41.1

It's time for some money rehab.

0:42.8

Okay, so believe her or not, some progress has been made on the debt ceiling issue,

0:54.4

and it's really turning out to be a buzzer beater. A few months ago,

0:58.6

Treasury Secretary Janet Yellen told us that the US would face default on its debts by June

1:03.8

first if the debt ceiling wasn't raised. She recently revised that estimate and said the US could

1:10.1

probably handle its bills a little longer, and that actually X-Day or the day the US would no

1:16.6

longer have authorization to pay its debts is June 5th, which doesn't totally bias that much more

1:23.7

time, but the government has taken a big step toward a resolution. As I'm recording this on Monday

1:29.7

May 29th, here is the latest. Speaker of the House, Kevin McCarthy revealed a proposed agreement

1:35.6

on Sunday night, 99 gorgeous pages of a budget recommendation, and announced to the House

1:43.4

that the voting will happen on Wednesday. Don't you just love it when your boss hits you with a 99

1:49.2

page document on a Sunday night? Now again, voting is supposed to happen on Wednesday, but majority

1:55.1

leader Chuck Schumer said that the vote may realistically happen on Friday or even over the weekend.

2:01.0

If the deal passes in the House and in the Senate, President Biden said he would sign it,

2:05.4

which is a big signal of his support, so we could have a new debt limit set just in time for X-Day.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.