Why this debt ceiling fight is already different
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 30 January 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
The U.S. has hit the debt limit 78 times since the 1960s, but for the first time in history, five women are responsible for shaping U.S. fiscal policy. Their experience and perspectives, could change how the country deals with the debt limit. And they might be able to do what other politicians cannot: get along. Plus, how did George Santos fund his campaign? Kimberly is back from vacation and joins Kai to talk all things Washington, and shares what made her smile while she was gone.
Here’s everything we talked about today:
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- “Mint the coin? Buy back bonds? 7 ‘gimmicks’ for dodging the debt limit.” from The Washington Post
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- “Ford Cuts Prices of EV Mustang Mach-E” from The Wall Street Journal
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- “5 women, immense power: Can they keep US from fiscal brink?” from The Associated Press
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- “George Santos, Sam Bankman-Fried, and Citizens United” from the Brennan Center for Justice
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- “Watch the moon eclipse Mars tonight” from Space
Have any thoughts, or questions that you want to share with us? You can write to makemesmart@marketplace.org or leave a voice message at 508-U-B-SMART.
Transcript
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| 0:00.0 | All right, let's go let's do the thing. Let us do the thing |
| 0:07.1 | Hey everybody, I'm Kyle and Rizzo. Welcome back to make me smart making today make sense is what we do on this pod |
| 0:13.1 | Indeed, and I am Kimberly Adams. Thank you for joining us on this Monday |
| 0:17.6 | First we are going to dive into some stories of the day slash weekend |
| 0:23.0 | Also known as our news fix and then we'll talk about a story or two that made us |
| 0:27.4 | Smile and good to be back with you Kai after my little time away. It's good to have you back |
| 0:33.5 | I mean Amy and and all the rest of them did great, but it is good to have you back where you belong |
| 0:39.0 | Thank you appreciate it. It does I think it is a song actually very |
| 0:44.7 | Anyway, so you go over the news you go ahead first because mine are kind of well both of our first stories are |
| 0:51.2 | Effectively on the same thing |
| 0:52.9 | Which is the thing that we talked about before I left for vacation about how this fight over the debt limit was going to be different than other fights over the |
| 1:03.5 | Death limit and sure enough for Ian slip death limit |
| 1:07.7 | sure enough |
| 1:09.2 | It is it's getting more intense obviously extraordinary measures |
| 1:13.6 | But one thing that I noticed in a Washington Post story and I know that we have another Washington post story is that |
| 1:21.0 | as we are dealing with this moment we have the people who are doing the hard |
| 1:29.8 | Brass tax of this negotiation are pretty much all women |
| 1:34.3 | You have Janet Yelene over at the Treasury, right? |
| 1:37.4 | And then isn't laid out in the Washington Post story |
| 1:40.8 | You have the head of the Office of Management and Budget which actually runs the day-to-day job of keeping the government running |
| 1:49.1 | Is a woman and in fact the fact first black woman to lead the OMB the |
| 1:54.4 | top two members of Congress on both the House and Senate side are also women that is the committee chairs on the Senate |
... |
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