What did the fight over the US debt ceiling cost?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 June 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s invasion of Ukraine. Plus, Ukraine’s attacks such as the Moscow drone strikes are seen as ‘magician’s sleight of hand’ that deceives the Kremlin and derails Russia’s plans.
Mentioned in this podcast:
Binance loses market share after regulatory clampdown
Chuck Schumer races to push US debt ceiling bill through Senate by end of week
Eurozone inflation falls to lowest level since Russia invaded Ukraine
Military briefing: Ukraine’s daring ‘shaping operations’ stretch Russian defences
Rachman Review podcast: Is the Ukraine War reaching a turning point?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist at Equino. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the full episode wherever you get your podcasts. |
| 0:29.2 | Enjoy. |
| 0:57.8 | The world's largest cryptocurrency exchange has lost a quarter of its market share in the past three months. |
| 1:02.8 | The decline comes at a time when Binance is running into tougher commercial competition, |
| 1:07.8 | and it's facing a regulatory crackdown in the U.S. |
| 1:10.8 | New York State Watch Dogs banned Binance from issuing its own stablecoin, |
| 1:15.8 | and U.S. federal regulators are suing it. |
| 1:20.2 | The U.S. government looks like it's on it's way to passing a bill that raises the debt ceiling. |
| 1:22.8 | If the deal is signed into law, it means the country will not default on its debt, |
| 1:27.8 | something that would have been economically catastrophic, |
| 1:40.8 | to explain more about where this battle over the debt ceiling has lostubscribe. |
| 1:44.2 | been economically catastrophic. To explain more about where this battle over the debt |
| 1:49.1 | ceiling has left to U.S. politics, I'm joined by the F.T.'s Washington Bureau Chief James |
| 1:53.4 | Politi. Hi, James. Hey, thanks for having me. |
... |
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