The U.S. could default sooner than we thought

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 1 May 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Treasury Department announced today that the U.S. could default on its debt as early as June 1. For the past few months, House Republicans have used the debt limit as a bargaining chip to secure spending cuts. As the new deadline looms over us, we are wondering: Is there a way out? And, an unassuming Supreme Court case could change how a slew of laws are interpreted. Plus, video-chatting parrots make us smile.

Here’s everything we talked about today:

- “The Luring Test: AI and the engineering of consumer trust” from the Federal Trade Commission

- “Supreme Court will consider major case on power of federal regulatory agencies” from SCOTUSblog

- “U.S. must raise debt limit by as early as June 1 to avoid default, Treasury says” from The Washington Post

- “The U.S. could hit the debt ceiling by June 1, much sooner than expected, Yellen warns” from NBC

- “Trump to appear at CNN town hall in New Hampshire” from CNN

- “NASA’s Perseverance rover loses its hitchhiking ‘pet rock’ after more than a year together on Mars” from Live Science

- “Scientists Taught Pet Parrots to Video Call Each Other—and the Birds Loved It” from Smithsonian magazine

Have a comment or question about something we talked about? Send it our way! Leave us a voice message at 508-U-B-SMART or write to [email protected].

Transcript

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0:15.2	fresh recipes made from real meat and veggies.
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0:26.2	the www.farmersdog.com.
0:27.2	Whether your dog is in their puppy adult or senior years, there's nothing better than
0:35.5	more years together.
0:37.0	And the best way to feed their happy healthy life is with fresh healthy food.
0:40.9	The farmer's dog makes it easy to keep your best friend healthy inside and out, with
0:45.4	fresh recipes made from real meat and veggies.
0:47.8	Their pre-portion just for your pup and delivered right to your door.
0:51.5	Help your dog live a healthy life and get 50% off your first box of real fresh food.
0:56.2	At the Farmersdog.com, slash time together 23.
0:59.8	Alright, Jake, you ready?
1:03.2	Alright.
1:04.2	Alright.
1:05.2	Ready, ready, ready.
1:09.1	I'm Kimberly Adams.
1:10.1	Welcome back to Make Me Smart, where we make today make sense.
	...

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