Kevin McCarthy’s Debt Ceiling Dilemma

Last week, Speaker Kevin McCarthy persuaded Republicans to narrowly pass a bill to raise the U.S. debt ceiling, setting up high-stakes negotiations with the Biden administration.Catie Edmondson, who covers Congress for The New York Times, explains the risks this might pose to his job and the country’s economy.Catie Edmondson, a congressional correspondent for The New York Times.Background reading: House Republicans have narrowly passed a bill to raise the debt ceiling while cutting spending by nearly 14 percent over a decade.Here’s a look at what is in the bill.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.