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You're listening to The 1A podcast. I'm Nila Boudou from Axios Today, and once again, it's time for the news roundup.

So much to talk about this week. There's the debt, Disney, and a closely-washed decision from the fifth circuit court of appeals that will likely have far-reaching consequences for millions of people across the country.

Joining us from New York is Mary Harris, the host and managing editor at What Next, a daily news podcast from Slate.

Let's also welcome Steve Clemens, editor at Large at Semicore, and Arthur Delaney, a senior politics and economy reporter at Huffposts.

Are there great to be with you?

I'm thrilled to be here.

As the June 1st debt ceiling deadline looms, President Joe Biden is prioritizing negotiations to avoid a catastrophic default.

Biden announced he'll be cutting his trip to Asia for the G7 summit short so he can return to discuss a path forward on the issue, and he's pretty helpful about it.

We had a productive meeting yesterday, and with all four leaders in the Congress, it was civil and respectful, and everyone came to the meeting, I think, a good faith.

I'm confident that we'll get the agreement on the budget that the America will not default.

That was the President speaking on Wednesday.

Mary, Biden says he's feeling confident, but what does him cutting short as trips say about how dire these negotiations have become?

Well, I guess my opinion is that they've never not been dire. It's just now that we have this deadline.

Like, Roll call had a great quote that was like, you know, deadlines are like alarm clocks here in Washington, and I think it's true.

Like, people really wake up when it's tight, and of course Janet Yellen has said the ex date is June 1st.

That is a date when we will stop being able to pay our bills.

And because we're working on Congress time, that actually leaves us with very little time to get things done.

Even Kevin McCarthy at the beginning of the week said we have to have something done by the end of the week, and of course we're at the end of the week.

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