Debt Ceiling Dinner Theater

Treasury Secretary Janet Yellen announced that June 1 is the “drop dead date” by which the American government has to either raise the debt ceiling or run out of money to pay its obligations. Can President Joe Biden and House Speaker Kevin McCarthy come to an agreement that will mollify their bases and keep the government working? And why does it feel like we have to go through this ritual every couple of years? Guest: Jordan Weissmann, Washington editor at Semafor.If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Hosted on Acast. See acast.com/privacy for more information.