US Treasury Debt, Default and Work Requirements, New HIV Data

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4.5 • 52.8K Ratings

🗓️ 27 May 2023

⏱️ 15 minutes

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Summary

If the US government defaults, the world's financial system would be affected, but some experts say that would actually increase demand for US government debt. An obstacle in the debt ceiling negotiations is tougher work requirements for social safety-net programs. New data shows the US is doing well in preventing new HIV infections, but the gains are happening unevenly across racial and ethnic groups.

Transcript

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0:00.0	No Memorial Day barbecues for some on Capitol Hill.
0:05.6	Not with Dead Sealing Negotiations, dragging on.
0:09.1	One sticking point, work requirements for those on food stamps, Medicaid, and cash assistance.
0:14.7	I'm Scott Simon.
0:15.9	I'm Aisha Roscoe and this is up first from NPR News.
0:22.0	The U.S. may run out of cash to pay its bills by June 5th.
0:26.0	But this might actually increase demand for U.S. government bonds.
0:29.7	So that just means that there are few options and the options that exist
0:33.6	can't handle the size of demand and might come to them, which make U.S.
0:37.6	treasuries the natural alternative to come back to ironically.
0:41.0	And new data shows the U.S. is doing well in controlling HIV.
0:45.8	But those numbers reveal racial disparities among groups who see those improvements.
0:50.8	Stay with us. We've got the news you need to start your weekend.
1:00.2	Ideal over the Dead Sealing is taking shape.
1:05.7	But Democrats say they're standing against a proposal to impose new or tougher work
1:10.4	requirements for people who get food stamps, Medicaid, or cash assistance.
1:14.4	The White House calls that a cruel and senseless trade-off.
1:17.5	NPR Jennifer Lutton joins us now.
1:19.8	Stay there.
1:20.8	There are requirements that already exist for some programs like food stamps, right?
1:25.2	Yes, correct.
1:26.4	Let's start with food stamps.
	...

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