McCarthy: We Could Get a Debt Deal at Any Time

The transcript discusses ongoing negotiations in Washington, focusing on spending cuts for fiscal year 2024. Republicans aim to reduce spending, while Democrats are hesitant. Contingency plans are being considered if the U.S. surpasses the X date, potentially affecting the country's credit rating. The situation is reminiscent of 2011, with concerns about a possible downgrade.

What is the main challenge in the fiscal negotiations between Republicans and Democrats for 2024?

• Allocating funds for new projects

• Reaching consensus on spending cuts

• Deciding on tax increases

• Agreeing on defense spending

What is the Treasury Department considering in case the U.S. surpasses the X date?

• Increasing taxes

• Cutting defense budget

• Delaying some payments

• Issuing new bonds

What could happen to the U.S. credit rating if the fiscal drama continues?

• It could improve

• It could remain the same

• It could be downgraded

• It could be upgraded

What historical event is referenced in relation to the current credit rating concerns?

• The 2020 pandemic

• The 1990s economic boom

• The 2008 financial crisis

• The 2011 credit downgrade

How does the speaker feel about the potential credit rating downgrade?

• Excited

• Very concerned

• Indifferent

• Not worried