Chapter

Debate Over Budget and Debt Limit
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00:49 - 08:55 (08:05)

The president refuses to link spending cuts to the debt limit discussions, while the White House plans to release a budget and calls for McCarthy to do the same. Compromise is essential in this debate.

Clips
The president opposes tying spending cuts to the conversation about the debt limit, while others argue that finding a compromise is essential to controlling government spending.
00:49 - 04:44 (03:54)
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Government spending.
Summary

The president opposes tying spending cuts to the conversation about the debt limit, while others argue that finding a compromise is essential to controlling government spending.

Chapter
Debate Over Budget and Debt Limit
Episode
Wednesday, February 1, 2023
Podcast
Up First
Financial markets predict that the Federal Reserve will start cutting interest rates soon, however, it will be a difficult and slow process to bring inflation down.
04:44 - 08:09 (03:25)
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Federal Reserve
Summary

Financial markets predict that the Federal Reserve will start cutting interest rates soon, however, it will be a difficult and slow process to bring inflation down. The market's optimistic view that inflation will naturally disappear is not guaranteed.

Chapter
Debate Over Budget and Debt Limit
Episode
Wednesday, February 1, 2023
Podcast
Up First
Thousands of people are expected to attend the funeral of Tyree Nichols in Memphis, who died after being beaten by police.
08:09 - 08:55 (00:45)
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Tyree Nichols
Summary

Thousands of people are expected to attend the funeral of Tyree Nichols in Memphis, who died after being beaten by police. Vice President Mike Pence is set to attend the funeral, which civil rights leader Al Sharpton is scheduled to eulogize.

Chapter
Debate Over Budget and Debt Limit
Episode
Wednesday, February 1, 2023
Podcast
Up First