3e:T41e,The US debt ceiling is all anyone in Washington (and increasingly elsewhere) can talk about these days. For months, politicians have been in a stalemate triggered by Republican demands for spending cuts as the price for paying America's debts. With next week seen as the point at which the Treasury may have to start issuing IOUs, any deal to avert a catastrophic default is going to come down to the wire. Recent sticking points are tied to potential spending caps, the GOP's insistence on slashing domestic spending for several years and the Biden administration's desire for more limited cuts. On this episode of Stephanomics, Senior Editor Chris Anstey and reporter Josh Wingrove give us the state of play, from explaining what exactly the debt ceiling is to laying out some scenarios of how things progress from here. Stephanie then sits down with economist Stephen King to talk about government debt levels more broadly, and if we should be worried given how high interest rates have climbed.See omnystudio.com/listener for privacy information.3f:T477,

In this video, Patrick Bet-David discusses the issue of the debt ceiling in America, its history, and how it has been used as a political weapon. It highlights the negative consequences of defaulting on the national debt with examples from Argentina, Russia, Greece, and Venezuela. Go to our sponsor https://betterhelp.com/valuetainment for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help. FaceTime or Ask Patrick any questions on https://minnect.com/ Recommended video: Will The U.S. Dollar Collapse As a Reserve Currency? - History of World Currency Explained: https://youtu.be/urEAgeeTq4k Subscribe to our channel: http://bit.ly/2aPEwD4 To reach the Valuetainment team, you can email: info@valuetainment.com #debt #default #history

40:Tb51,

Understanding the US Debt Ceiling