The Debt Ceiling

In mid-2023, the U.S. government reportedly came close to defaulting on its debt because Congress struggled to raise the debt ceiling. Every year or two it seems we’re running up against some deadline as lawmakers disagree about how to approach our ever-growing debt. So what exactly is the debt ceiling? What happens if it is raised and what happens if it isn’t? Whose research do lawmakers and the president rely on to make these decisions and what is the impact of our debt growing higher and higher? Radio America’s Garrit Blizzard reports.

This entry was posted in Banks, Economics, Inflation, Uncategorized, Video. Bookmark the permalink.