Ep 40: What is a Debt Ceiling and Why Does it Matter to You?
Episode description
Today we're talking about the U.S. debt ceiling. You might be wondering, what is that? It’s basically a limit on the total amount of money our government is authorized to borrow. U.S. Treasury Secretary, Janet Yellen, says our country has enough money to pay our bills until June 1, so we’re coming up against that deadline.
The president and House and Senate leaders are currently negotiating about how to handle this. In this episode, we'll take a look at how the debt ceiling has been handled in the past and discuss what might happen moving forward. Join us as we dive deeper into the U.S. debt problem in today's episode and talk about how it could impact you.
In this episode, we’ll share:
- What is the debt ceiling? (0:39)
- How could a possible government shutdown affect us? (4:36)
- How politicians are handling the debt ceiling. (10:27)
Get in touch with Marc and PFA:
Web: https://www.pfaretire.com/about-us/our-team.html
Phone :308-534-8210