Washington Divided As America Hits Its Debt Limit

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 19 January 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, America will hit its debt ceiling, meaning that the government is no longer able to borrow money. With the new Republican-led House of Representatives, the Biden administration is having trouble negotiating a workaround. President Biden is calling for Congress to raise the debt ceiling without preconditions. However, Speaker McCarthy and other House Republicans, are pushing for cuts to the federal budget. FOX Business White House Correspondent Edward Lawrence joins the Rundown to explain what hitting the limit means for the government, the politics getting in the way of a resolution, and why this could be an economic calamity if it's not solved by June. The past few years have revealed just how dangerous fentanyl is, with CDC research demonstrating how the synthetic opioid has been fueling a sharp rise in overdose deaths in the United States. Major cities across the country are waking up to this threat, with the NYC Health Department recently acknowledging that drug overdoses in their city went up 76 percent in a two-year period, with 80 percent of overdoses in 2021 being linked to fentanyl. Desilynn Smith is Clinical Director at the Gateway To Change rehabilitation center in Milwaukee, Wisconsin, and just two years ago lost her husband to a fentanyl overdose. Now, she joins the podcast to share how her loss changed her approach to counseling addiction and mental health, how the stigma of addiction can become a barrier for many seeking help, and the importance of education and resources in high-risk areas to prevent further overdose deaths. Plus, commentary from FOX News Contributor Joe Concha. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Emily Campagno, host of the Fox True Crime podcast. I'm bringing you gripping details
0:05.3	straight out of some of the most horrific crimes. Join me starting September 18th for a
0:10.0	week of true crime content you won't want to miss. Be sure to subscribe wherever you
0:14.2	listen. I'm Jimmy Fella. I'm Rachel Campo-Stuffy. I'm Will Cain and this is The Fox News
0:19.7	Rundown. Thursday, January 19th, 2023, I'm Dave Anthony. We just bumped our heads against
0:32.6	the ceiling. The US hit its debt limit today. But we're okay for now. This was sort of the
0:40.2	warning sign. So mid-June is when they actually, they actually can't spend any more money and
0:46.5	start to default on the debt. Emily,ibrating how to turn the tide of overdose deaths, convincing
0:53.2	users to test their drugs for fentanyl is increasingly part of the equation. I look at it just
0:58.5	as when they started the methadol clinics back in the 70s on the East Coast. A lot of people
1:04.7	say, oh, you're just supporting that. No, what we're doing is preventing deaths. And with
1:11.0	that first step, then we can start educating. And I'm Joe Consha. I've got the final word
1:16.9	on The Fox News Rundown. The sky is not the limit. Today is the US has hit our debt ceiling.
1:30.2	The government cannot borrow any more money, though it can find ways around that for a while.
1:36.8	So in the meantime, Congress needs to approve raising that limit. And Democratic Senator
1:41.9	Joe Manchin tells Fox Business, I think what we have to do is realize that we have a problem.
1:47.1	We have a debt problem. We're at 31, I think 31.4 trillion, a public debt right now. And
1:53.2	all we're saying is should we not make sure that we all recognize how we got there, how
1:58.1	we prevent from going further? House Speaker Kevin McCarthy wants to go beyond that. We're six months
2:02.7	away. Why wouldn't we sit down now and change this behavior? He and House Republicans are demanding
2:08.8	spending cuts be attached to any attempt to increase the debt limit. Congressman Bob Goodtell
2:15.7	Fox. We've empowered Kevin McCarthy and these negotiations to tell the Senate, tell the White House,
	...

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