meta_pixel
Tapesearch Logo
Explain It to Me

The debt ceiling drama

Explain It to Me

Vox Media Podcast Network

Education, Politics, News, Society & Culture

4.47.9K Ratings

🗓️ 14 March 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

You’ve probably heard by now that President Joe Biden released his 2024 budget proposal. You’ve also probably heard that it has almost no chance of passing through both chambers of Congress. What is likely to come to pass is more drama over a recurring problem: the fight over the debt ceiling. If the US doesn’t raise the ceiling and defaults on its debt, financial catastrophe would ensue. What does that mean for the country’s fiscal future? References: What’s in Biden’s new White House budget - Vox Biden’s billionaire tax proposal, explained - Vox House Republicans are taking steps to prepare for a possible debt ceiling default - Semafor President's Budget | OMB | The White House Guests: Joseph Zaballos-Roig (@josephzeballos) Kathleen Day (@kathleenday) Credits: Jonquilyn Hill, host Sofi LaLonde, producer Cristian Ayala, engineer A.M. Hall, editorial director of talk podcasts Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Support for this show comes from the Genesis GB70 Performance SUV. Every Genesis is a reminder

0:07.6

to try something bold to keep growing, keep hustling. At Genesis, they've harnessed all

0:15.0

that excitement of beginnings into their performance SUV, the GB70. It's a car built to turn

0:22.4

heads with stunning design inside and out. It's packed with intuitive technology inside,

0:28.6

like the 14.5-inch infotainment system, and fingerprint recognition plus the GB70 features

0:35.2

all-wheel drive, which is bound to add a little more acceleration to your next drive.

0:40.2

Your Genesis GB70 is waiting for you. What will you begin? Learn more at Genesis.com. Genesis,

0:48.8

keep beginning.

0:54.6

Hello and welcome to another episode of The Weeds. I'm John Colin Hill. It feels like everyone is

1:02.8

talking about money right now. And not just car DB, I'm talking about fiscal policy.

1:11.6

Money has been making a lot of headlines lately. Late last year, we saw the collapse of the

1:21.9

cryptocurrency exchange FTX. Most recently, Silicon Valley Bank got what some call a bailout.

1:29.2

And there are money moves being made beyond the private sector too.

1:34.0

Late last week, President Joe Biden announced his budget. And today, we're taking a deep dive into it.

1:43.1

Not because it stands a chance of passing, but because his proposal lays the groundwork for the

1:48.7

fiscal fights we'll see on the hill this year, like the big one looming over the debt ceiling.

1:53.9

Is that a making a trend about the fall to be catastrophic? Let's take that off the table.

2:00.4

So to get to the deeds on this budget blueprint, I made a call.

2:04.4

I am Joseph Zabios Roy and I am the domestic policy and politics reporter for SEMFOR.

2:11.2

Joseph, welcome to The Weeds. Thank you for having me on. I'm a long time listener and always

2:16.0

enjoy what you guys do here. Thanks. So today, we're going to get into the concept of the president's

2:23.0

budget. Presidents rarely get everything they want when it comes to a budget. What is the

...

Transcript will be available on the free plan in -706 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.