The debt ceiling standoff.

Tangle

Isaac Saul

International News, Politics, Election, Nonpartisan, Us Politics, Local News, News Commentary, Biden, Us Senate, Independent, Us News, Congress, Trump, News, Us House Of Representatives

4.8 • 672 Ratings

🗓️ 7 October 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Did Mitch McConnell cave? He has said he would not support raising the borrowing limit because it would allow Biden to push through another $5 trillion of spending, something Republicans don't want. Then he instructed Republicans to sink a government spending bill that suspended the debt limit, forcing Democrats to remove the debt limit language from the legislation in order to keep the government open. Earlier this week, Senate Democrats and President Biden began openly floating the idea of abolishing the filibuster altogether to raise the debt ceiling.

Then he proposed a deal: He would agree to rule changes that would allow Democrats to either fast-track the suspension of the debt limit using a budget reconciliation process or raise the limit to a specified figure through December, giving them more time to figure it out later and ensuring the process doesn't get caught up in other partisan wrangling (it'd also take the pressure off Democrats now, as they figure out how to pass the bipartisan infrastructure bill and the $3.5 trillion reconciliation deal).

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Transcript

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0:29.1	Conditions apply.
0:35.2	From executive producer Isaac Saul, this is Tangle.
0:40.7	Tangle.
0:41.7	Good morning, good afternoon and good afternoon and good evening and welcome to the Tangle podcast, a place where you get views from across the political spectrum.
1:01.1	Some independent thinking without all that hysterical nonsense you find everywhere else.
1:05.4	I am your host, Isaac Saul.
1:07.6	And on today's episode, we are going to be talking about the debt ceiling, Senator Mitch
1:11.8	McConnell, and some of the action that happened in Congress over the last 24 hours. A little bit
1:17.9	of an interesting standoff, maybe coming to a conclusion. Before we jump in, as always, we'll start
1:23.9	with the quick hit, the news you need to know.
1:40.8	First up, and this is an update on a previous story we've given a lot of coverage to.
1:45.6	A federal judge in Texas has temporarily blocked the state's new anti-abortion law. However, clinics could still face retroactive lawsuits because the ruling isn't permanent,
1:51.4	so it's unclear how it will impact some patients there. Number two, Pfizer has asked the FDA
1:57.6	to authorize its vaccine for children 5 to 11 years old.
2:02.6	Number three, a new Senate report has detailed how Justice Department officials fought off former President Donald Trump's push to investigate claims the election was stolen from him.
2:12.6	Number four, a small number of U.S. troops have been deployed to Taiwan to help train local forces as the threat from China rises.
2:22.2	Number five, U.S. gasoline prices rose to an average of $3.22, with some stations charging more than $5 per gallon, the highest prices we've seen since October 2014.
2:46.4	All right, those are our quick hits.
	...

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