McCarthy Says House Will Pass Debt Bill This Week

The transcript discusses the challenges faced by McCarthy in securing votes to pass a bill to increase the debt ceiling, highlighting the slim Republican majority in the House. It outlines the Republican strategy to counter Biden's demand for an unconditional debt ceiling increase by proposing cuts to social programs. The transcript also covers market reactions to the political risks and the potential impact on Treasury markets, with concerns about when the U.S. might run out of money to service its debt.

What is the main challenge McCarthy faces in securing votes for the debt ceiling bill?

• A slim Republican majority in the House

• A large Democratic majority in the House

• Lack of public support

• Opposition from the Senate

What is the Republican strategy in the debt ceiling negotiations?

• Proposing a budget plan

• Demanding unconditional debt ceiling increase

• Seeking support from the Senate

• Combining debt ceiling increase with spending cuts

Which social programs are mentioned as being targeted for cuts in the proposed bill?

• Education programs

• Social programs

• Infrastructure projects

• Defense spending

How are markets reacting to the debt ceiling issue?

• They are focusing on other economic indicators

• They are showing increased interest

• They are ignoring it completely

• They are predicting a quick resolution

When is the U.S. Treasury expected to potentially run out of money?

• Next fiscal year

• In June or earlier

• By the end of the year

• In September