In this podcast, you'll learn more about the US debt crisis and the reasons why raising the debt ceiling has become a contentious issue. For that, we will first look at Republicans vs Democrats claims and then investigate the potential consequences that default on the U.S. debt would have. As we will see, the possible severity of a default has spurred efforts to avoid it, but the uncertainty surrounding the debt ceiling debate remains.

Credits:

Sources used for this podcast:

https://www.cfr.org/backgrounder/what-happens-when-us-hits-its-debt-ceiling

https://www.nytimes.com/2023/01/22/business/economy/federal-debt-history.html

https://www.cnbc.com/2021/12/16/biden-signs-debt-ceiling-increase-preventing-first-ever-us-default.html

https://www.nytimes.com/2023/05/01/podcasts/the-daily/debt-ceiling-bill.html?

https://www.cnn.com/politics/live-news/debt-ceiling-negotiations-05-23-23/index.html

https://www.politico.com/news/2023/05/19/14th-amendment-biden-debt-ceiling-00097932

https://www.politico.com/news/2023/05/23/court-14th-amendment-debt-limit-00098358

https://www.nytimes.com/2023/05/18/business/default-debt-what-happens-next.html?name=styln-debt-ceiling®ion=TOP_BANNER&block=storyline_menu_recirc&action=click&pgtype=Article&variant=undefined