Congress, White House Nearing Two-Year Debt Limit Deal

Congress, White House Nearing Two-Year Debt Limit Deal

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses a two-year debt limit deal being negotiated by Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. The deal aims to raise the debt limit until July 31, 2021, and includes $75 billion in government savings. It also proposes a mechanism for drug pricing that could save $115 billion, highlighting a rare area of bipartisanship. The biggest uncertainty remains whether President Trump will approve the deal.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What mechanism is proposed to save on drug pricing?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the biggest unknown regarding the debt limit deal?

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