Would the debt deal’s cuts draw blood?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 31 May 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
The debt limit deal brokered in Washington would reduce government spending by about $1.5 trillion over the next 10 years, according to the nonpartisan Congressional Budget Office. It may sound like a lot of money, but the effects will be pretty limited, economists say. We’ll also take a look inside what is billed as the world’s largest bitcoin convention. Plus, wage-price spiral … what wage-price spiral?
Transcript
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| 2:16.2 | In Los Angeles, I'm Kai Rizdal. It is Wednesday. Today, this one is the 31st of May. It is always |
| 2:23.3 | to have you along, everybody. While there are still votes left to cast and miles to go before we |
| 2:29.6 | don't have to talk about the debt limit anymore or don't have to talk about it for at least a couple |
| 2:34.1 | of years, it is nonetheless true that the deal the White House made with House Republicans to |
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