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The 7

Wednesday, May 17, 2023

The 7

The Washington Post

Daily News, News

4.51.3K Ratings

🗓️ 17 May 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Wednesday briefing: Debt ceiling; North Carolina abortion ban; Philadelphia primary; Jake Sullivan; NBA draft lottery; and more


Read today's briefing.

Transcript

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0:00.0

There's some optimism in Washington as negotiations over the debt ceiling seem to have gone

0:06.4

well yesterday and it looks like the NBA's next generational player is headed to San Antonio.

0:14.6

That's some of what we'll get to on the 7 from the Washington Post. I'm Jeff Pierre. It's Wednesday, May 17th. Let's get you

0:19.6

caught up with today's seven stories. First up, talks to prevent a debt ceiling crisis might finally be moving forward.

0:31.0

President Biden and Republican negotiators

0:34.1

seemingly made progress during talks at the White House yesterday.

0:37.8

After the meeting, Biden spoke about the common ground

0:40.2

between both sides.

0:41.8

There was an overwhelming consensus, I think, in today's meeting the congressional leaders

0:46.4

that to falling on the dead is simply not an option.

0:49.7

Our economy would fall into recession.

0:52.2

It would devastate retirement accounts, increase

0:54.3

barring costs, and according to Moody's, nearly 8 million Americans would lose

0:57.9

their jobs and an international reputation would be damaged in the extreme

1:01.5

and further let that happen.

1:03.4

Congress must raise or suspend the limit on the amount of money the US can borrow to pay its bills.

1:09.1

If that doesn't happen by June 1st, it could unleash chaos.

1:12.8

Biden will cut his trip to Asia Short

1:14.9

to focus on finalizing a deal.

1:17.0

He leaves for that trip today.

1:19.4

Number two, North Carolina banned most abortions after 12 weeks of pregnancy.

1:28.0

The state legislature yesterday voted to override the recent veto by Democratic Governor Roy Cooper.

...

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