Driving a truck used to mean freedom. Now it means a mountain of debt.
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Consider This from NPR - Lessons From The 2011 Debt Ceiling Standoff
The U.S. will hit its borrowing limit on Thursday, according to Treasury Secretary Janet Yellen, and her department will need to take "extraordinary measures" to avoid default.
That means the clock is ticking for Congress to take action to raise the debt ceiling. For the moment, though, Democrats and Republicans are in a staring match.
House Republicans say they won't raise the limit without significant spending cuts. The White House says it won't negotiate over it.
Juana Summers talks with two people who've been here before: Jason Furman, who was an economic advisor to then-President Obama during the 2011 debt ceiling stalemate, and Rohit Kumar, who was then a top aide to Senate Republican Leader Mitch McConnell.
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That means the clock is ticking for Congress to take action to raise the debt ceiling. For the moment, though, Democrats and Republicans are in a staring match.
House Republicans say they won't raise the limit without significant spending cuts. The White House says it won't negotiate over it.
Juana Summers talks with two people who've been here before: Jason Furman, who was an economic advisor to then-President Obama during the 2011 debt ceiling stalemate, and Rohit Kumar, who was then a top aide to Senate Republican Leader Mitch McConnell.
In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Reset with Sasha-Ann Simons - Lost & Found: Where Can You Get A Cup of Swedish Egg Coffee?
In our series Lost and Found, producers track down things in Chicago that a Google search can’t uncover. Elizabeth emailed the show asking where she can find her friend’s favorite drink: Swedish egg coffee. Reset brings on producer Claire Hyman and Tre Kronor owner Patty Rasmussen to learn about the history of the beverage and how to make it.
Reset with Sasha-Ann Simons - Confronting Anti-Asian Hate After Indiana Student Attacked
An Asian American student was stabbed multiple times in the head while waiting to get off a bus at Indiana University. The attack has yet to be called a hate crime, though the attacker reportedly targeted the victim because she was “Chinese.” It’s clear that anti-Asian violence continues even past the surge the U.S. saw in 2020. But what more needs to be done? Reset discusses with a panel of Asian American activists and community members.
CoinDesk Podcast Network - THE HASH: Coinbase Halting Operations in Japan; ConsenSys Confirms Job Cuts
The most valuable crypto stories for Wednesday, Jan. 18, 2023.
"The Hash" hosts discuss the top headlines moving the markets today, including Ethereum development company ConsenSys cutting 97 jobs, confirming, for the most part, a report by CoinDesk last week. This comes as cryptocurrency exchange Coinbase said it is halting its operations in Japan, citing "market conditions" and confirming earlier reports that it would close shop in the country.
See also:
Coinbase Confirms It's Halting Operations in Japan
ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over 'Ridiculous' CeFi
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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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The Daily Signal - TOP NEWS | Software Company Announces Layoffs, Gov. DeSantis’ Takes a Stand Against COVID-19 Mandates, Former President Trump | Jan. 18
On today’s Daily Signal Top News, we break down:
- Microsoft announces major layoffs
- Philadelphia Flyers player takes a stand for his religion
- Helicopter crash in Kyiv leaves more than 10 dead including a child
- Former President Trump wants his Facebook back
- Florida Gov. Ron DeSantis proposes new initiative regarding COVID-19
Relevant Links
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Federalist Radio Hour - ‘You’re Wrong’ With Mollie Hemingway And David Harsanyi, Ep. 29: Double Standards
On this episode of “You’re Wrong,” a production of “The Federalist Radio Hour,” Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi recap President Joe Biden’s latest scandal, explain why Democrat Rep. Adam Schiff is a national security threat, and share their favorite actors, movies, and music of the week.
Motley Fool Money - Prices Falling, More Tech Layoffs
As many expected, Microsoft announced the layoff of 5% of its employees. (0:21) Asit Sharma discusses: - The Producer Price Index falling 0.5%, much more than economists were expecting - Microsoft's layoffs, and whether Alphabet will be next - Why he's expecting more questions about layoffs this earnings season, but also more talk of where companies are investing (9:25) Is Lululemon Athletica facing short-term headwinds or long-term challenges? Ryan Henderson and Jamie Louko go head to head in our latest Bull vs. Bear debate! Our flagship service, Stock Advisor, is open to new members for just $99 a year. To access this exclusive offer go to www.fool.com/intro. Stocks discussed: MSFT, CRM, AMZN, GOOG, GOOGL, LULU, NKE Host: Chris Hill Guest: Asit Sharma, Ryan Henderson, Jamie Louko Producer: Ricky Mulvey Engineer: Rick Engdahl
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CoinDesk Podcast Network - BREAKDOWN: Bitz Who Now? Department of Justice Takes Down Russian Exchange Bitzlato
After much buildup this morning, the DoJ’s Bitzlato announcement was underwhelming to some.
On today’s episode, NLW catches up on the latest on crypto crime and fall out, including:
- Disgraced 3AC founders’ attempt to build a new exchange with bankrupt CoinFLEX called GTX.
- Sam Bankman-Fried’s latest blog post arguing about how FTX.US assets should be considered by the bankruptcy committee.
- The DoJ’s much anticipated announcement about an “international enforcement action” that turned out to be an exchange most people had ever heard of.
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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Wirestock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Audio Poem of the Day - “A furnace in my father’s voice; I prayed for the coal stove’s”
By Ishion Hutchinson