Default Averted, for Now?
Update: 2023-06-02
Description
A.M. Edition for June 2. The U.S. Senate passes a bill that suspends the debt ceiling and averts an unprecedented U.S. default. London Business School Professor Richard Portes and WSJ deputy finance editor Quentin Webb discuss what this means for the economy and American credibility. Plus, California lawmakers advance a bill requiring big tech companies to pay for news on its platforms. And the U.S. signals a willingness to begin nuclear arms control talks with Russia. Luke Vargas hosts.
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