Post Reports

Playing chicken with the debt ceiling

Congress and President Biden have five weeks to strike a deal on raising the debt ceiling, according to a new projection from the Treasury Department. Otherwise, the country will need to brace for an economic catastrophe. The problem? Neither side is willing to compromise.  President Biden and House Speaker Kevin McCarthy have agreed to meet next week, but both have also insisted they are unwilling to negotiate, stoking fears that the government may miss this critical deadline.  Tony Romm joins “Post Reports” to explain.  Read more: <a href="https://www.washingtonpost.com/business/2023/05/01/congress-debt-limit-deadline-biden-mccarthy/?utm_source=podcasts&amp;utm_medium=referral&amp;utm_campaign=post-reports" rel="noopener noreferrer" style="background-color: transparent; color: rgb(17, 85, 204);" target="_blank">Biden seeks debt ceiling talks, as U.S. faces possible June 1 default</a><a href="https://www.pbs.org/newshour/politics/heres-whats-in-the-gop-bill-to-lift-the-u-s-debt-limit" rel="noopener noreferrer" style="background-color: transparent; color: rgb(17, 85, 204);" target="_blank">Here’s what’s in the House GOP bill to raise debt limit, cut spending</a><a href="https://www.washingtonpost.com/business/2023/04/30/gop-debt-limit-fiscal-cuts/?utm_source=podcasts&amp;utm_medium=referral&amp;utm_campaign=post-reports" rel="noopener noreferrer" style="background-color: transparent; color: rgb(17, 85, 204);" target="_blank">With debt bill adopted, far-right House Republicans ready for fiscal war</a>

Post Reports is the daily podcast from The Washington Post. Unparalleled reporting. Expert insight. Clear analysis. Everything you’ve come to expect from the newsroom of The Post, for your ears. Martine Powers and Elahe Izadi are your hosts, asking the questions you didn’t know you wanted answered. Published weekdays around 5 p.m. Eastern time.