The debt ceiling, explained.

The debt ceiling (or debt limit). During the recent debate over the next Speaker of the House, one of the key impending issues was the debt ceiling, or debt limit. Several conservative House members used the upcoming deadline to raise the debt limit to leverage a commitment from Kevin McCarthy to force spending cuts by Congress. Since being elected Speaker, McCarthy has confirmed that Republicans won't raise the debt limit without changes to federal spending, including programs like Social Security and Medicare.You can read today's podcast here, today’s “Under the Radar” story here, and today’s “Have a nice day” story here.Today’s clickables: Quick Hits (0:58), Today’s Story (2:54), Right’s Take (7:24), Left’s Take (12:33), Isaac’s Take (16:57), Your Questions Answered (20:05), Under the Radar (22:23), Numbers (23:08), Have A Nice Day (23:46).You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here.Our podcast is written by Isaac Saul and edited by Zosha Warpeha. Music for the podcast was produced by Diet 75.Our newsletter is edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo.--- Send in a voice message: https://podcasters.spotify.com/pod/show/tanglenews/message Hosted on Acast. See acast.com/privacy for more information.