Political Rewind: Debt ceiling talks; Trump coming to Georgia GOP convention

Caption

President Joe Biden speaks about the debt limit talks in the Roosevelt Room of the White House, Wednesday, May 17, 2023, in Washington.

Credit: (AP Photo/Evan Vucci)

The panel: 

Audrey Haynes, professor of political science, University of Georgia

Charles Bullock, professor of political science, UGA

Kevin Riley, editor-at-large, The Atlanta Journal-Constitution, @ajceditor

Tammy Greer, professor of political science

The breakdown:

1.  What you need to know about the debt ceiling as the deadline looms.

• The "debt ceiling" or "debt limit" is a cap on how much debt the federal government is allowed to accumulate. 
• It is up to Congress to vote to increase the nation's borrowing cap, known as the debt limit.
  • House Speaker Kevin McCarthy (R-Calif.) is in a standoff with President Biden over the limit. 
• Treasury Secretary Janet Yellen has warned that the country could run out of borrowing authority by June 1.

2. Former President Donald Trump is set to come to the Georgia Republican Party convention.

• WRBL reports that David Shafer, the outgoing chairman of the Georgia Republican Party, said the former president will stop in Columbus.
  • Kemp stated he won't attend the convention and has urged the party to move beyond Donald Trump.
• The convention is set for June 9 and June 10.

Friday on Political Rewind: Dekalb County CEO Mike Thurmond joins the show along with Sam Olens.