The Treasury Secretary issues a new warning about how quickly the nation will hit its debt limit.
Fox News Hourly Update
FOX News Podcasts
3.9 • 5.8K Ratings
🗓️ 26 May 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Treasury Department will make more than $130 billion of scheduled payments, June 1st and 2nd for veterans and Social Security and Medicare recipients. |
| 0:19.0 | In a letter to Congress, Treasury Secretary Janet Yellen says those payments will lead the agency with an extremely low level of resources and unable to satisfy all obligations the week of June 5th when an estimated $92 billion of payments and transfers are scheduled. |
| 0:35.0 | The letter is the most detailed timeline yet about how soon the U.S. could default without an increase or suspension of the debt limit. |
| 0:43.0 | It is later than earlier estimates warning of a breach as soon as June 1st. |
| 0:48.0 | Fox's Jared Halpern at the White House, top house Republicans expected to hold a call this evening to discuss the negotiations the houses in recess next week. |
| 0:56.0 | They have been told they may need to return to Washington if the deal is reached. |
| 1:00.0 | Texas Attorney General Ken Paxton has called on his supporters to protest when the Republican-led state house takes up impeachment proceeding against him tomorrow. |
| 1:10.0 | Yesterday the legislature issued 20 articles of impeachment against Paxton. |
| 1:14.0 | It is the unofficial start of summer with millions of people already hitting the roads and taking to the skies for the Memorial Day weekend. |
| 1:21.0 | Yesterday was already a busy day. |
| 1:23.0 | 2.6 million travelers were screened by TSA. That is the most people that we have seen in a single day since November 2019. |
| 1:30.0 | Pre-pandemic today could beat that record. |
| 1:33.0 | The FAA says it expects more than 51,000 flights to take off today and travel analysts expect to see the number of passengers climb. |
| 1:41.0 | 11% this year compared to Memorial Day last year. |
| 1:44.0 | Fox's Madison Allworth stocks rose on Wall Street led by more gains and tech stocks that now added $3.28 that has now gained $277. |
| 1:54.0 | America is listening to Fox News. |
| 2:01.0 | This episode is brought to you by Shopify. |
| 2:04.0 | The All in One Commerce platform to start, run and grow your business. |
| 2:08.0 | Whether you sell in flaky soul or buy not prints. Shopify covers all your sales channels to simplify selling online and in person. |
| 2:16.0 | Plus, they provide industry-leading tools and 24-7 support to ignite you grow. |
| 2:21.0 | This is Possibility powered by Shopify. To sign up, visit shopify.co.uk-pogcast23 or lowercase. |
| 2:30.0 | Investigation showing issues with training in one of America's elite military units. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from FOX News Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of FOX News Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

