The debt ceiling approaches. A congressional standoff ensues. It wasn't always this way. So why did the debt ceiling get built? And how do other countries control their debt?
Feb 2023
Jay & Shai's debt ceiling adventure
Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on. Right now, the debt limit is $31.4 trillion dollars. Once we reach that limit, Congr ... Show More
26m 6s
May 2023
On the Debt Ceiling, the White House Is Doing What It Said It Wouldn't Do
In 2011, then-Vice President Biden had a front row seat to a bruising debt ceiling standoff between President Barack Obama and House Speaker John Boehner. That fight arguably derailed the Obama presidency and the nascent economic recovery. After that experience, Biden and his tea ... Show More
43m 49s
Jan 2023
The Debt Ceiling Showdown, Explained
In the past decade or more, votes over increasing the U.S. debt ceiling have increasingly been used as a political tool. That has led to intense showdowns in 2011, 2013 and, now, 2023. This year, both sides of the argument are dug in and Republicans appear more willing to go over ... Show More
28m 5s
Apr 2023
Get your debt under control
Life happens, and so does debt. Unexpected car trouble, the high price of food, a family emergency — there is no shortage of reasons why debt can pile up. In this episode, we offer shame-free solutions for digging out of debt.
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14m 12s