4.2 • 3.5K Ratings
🗓️ 30 May 2023
⏱️ 49 minutes
🧾️ Download transcript
The debt ceiling deadline is quickly approaching. How will it impact your personal finances if the U.S. government can’t pay its bills? Michelle Singletary joins Meghna Chakrabarti.
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0:20.6 | We've got good news. We've got to just focus, speak to McCarthy. |
0:31.9 | And we've reached a bipartisan budget agreement |
0:34.9 | that we're ready to move to the full Congress. |
0:37.7 | Much to the relief of the entire world, |
0:40.7 | watching as the United States stands near inches |
0:44.8 | from the cliff's edge of historic default. |
0:47.8 | President Biden announced over the weekend |
0:50.0 | that he and House Speaker Kevin McCarthy |
0:52.4 | have come to an agreement on a deal to raise the debt ceiling. |
0:56.0 | It takes the threat of catastrophic default off the table. |
1:00.0 | Protects our hard earned historic economic recovery. |
1:03.6 | And the agreement also represents a compromise |
1:05.8 | as means no one got everything they want. |
1:08.6 | But that's the responsibility of governing. |
1:12.3 | This is OnPoint. I'm Megna Chacrabardi. |
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