Trump May Tie Debt Increase to Harvey Aid

The transcript discusses the US President's strategy to lower the risk of a default by linking the debt ceiling bill with aid for Tropical Storm Harvey. This move aims to ensure quick passage through Congress and calm the markets. The discussion also touches on political strategies, including the border wall and potential government shutdown. Congress faces multiple priorities, including hurricane aid and government funding, with deadlines approaching.

What is the President's strategy to ensure the debt ceiling bill is passed?

• Combining it with hurricane aid

• Reducing government spending

• Increasing taxes

• Negotiating with foreign creditors

Why is the President's border wall plan controversial in the context of the current financial situation?

• It has no political support

• It diverts funds from hurricane relief

• It is already fully funded

• It requires international approval

What could happen if Congress does not pass a spending bill by October 1st?

• The President will resign

• The debt ceiling will automatically increase

• There will be a partial government shutdown

• The government will operate as usual

What is one of the urgent tasks Congress needs to address according to the final section?

• Reforming education policy

• Addressing the debt limit

• Passing a new healthcare bill

• Negotiating trade deals

What is the potential consequence of not resolving the debt limit and government funding issues?

• A boost in the stock market

• Increased international trade

• Rattling the financial markets

• Improved diplomatic relations