The debt ceiling standoff intensifies.

The debt ceiling. Negotiations over the debt ceiling appear to be coming to a head. President Joe Biden and House Speaker Kevin McCarthy reiterated on Wednesday that they are determined to reach a deal to raise the $31.4 trillion debt ceiling and avoid a potential default, with McCarthy indicating a deal could be struck as soon as this weekend. Treasury Secretary Janet Yellen has reiterated that a deal must be struck by June 1 or the federal government will be unable to pay its bills.

August 3rd, 2023, in Philadelphia, Pennsylvania. The event will be held at Brooklyn Bowl Philadelphia.

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You can watch our debt ceiling explainer video or read our debt ceiling explainer piece.

You can read today's podcast ⁠here⁠, today’s “Under the Radar” story ⁠here⁠, and today’s “Have a nice day” story ⁠here⁠. You can also read our previous debt ceiling coverage here., and our latest YouTube video on the border crisis here.

Today’s clickables: Major announcement (0:41) Quick hits (3:41), Today’s story (5:37), Left’s take (9:18), Right’s take (13:12), Isaac’s take (17:17), New YouTube Video announcement (20:37), Under the Radar (21:06), Numbers (22:17), Have a nice day (23:08)

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