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Welcome to the Dispatch Podcast, a production of Dispatch Media.

My name is Mike Warren, senior editor here at the Dispatch,

coming to you from Washington, D.C., where it has been quite a week on Capitol Hill.

Republicans in the House of Representatives led by Speaker Kevin McCarthy

did what many thought could not be done with such a narrow majority.

They passed a bill to raise the debt limit, with only a handful of GOP defectors

after weeks of negotiating and tweaking and offering up solutions to holdouts in the conference.

A big win from McCarthy and the Republican leadership team.

But if you think that means the Senate will just simply take up this bill,

pass it, send it to the president, sign it to law,

and everyone can quickly move on to the budget.

Appropriations, passing laws, and doing other regular normal orderly things,

well, then you haven't been paying attention to any of the debt limit ups and downs

for the past decade plus.

No, this House GOP bill was a first and necessary step in a long process

that will hopefully end up with some kind of agreement that avoids the U.S.

defaulting on its debt obligations.

...