U.S. House Voted For Short-Term Debt Ceiling Fix/What Does It Mean/Why Is It Needed
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The U.S. House of Representatives voted for a short-term debt ceiling fix, giving final approval to legislation temporarily raising the government’s borrowing limit to $28.9 trillion, in the video published on Oct. 12, 2021, “U.S. House votes to hike debt ceiling“, below:
After Mitch McConnell blinks in Congress’ debt showdown, MSNBC’s Ari Melber and Obama vet Chai Komanduri discuss what the clash reveals about McConnell’s weakness, in the video published on Oct. 12, 2021, “Why GOP Sen. McConnell Lost Debt Clash And Could Lose Filibuster“, below:
There are just 12 days left until the U.S. economy faces catastrophic failure if the debt ceiling is not raised. Mitch McConnell offered Democrats a deal to raise the debt ceiling on Wednesday–with a catch. Former U.S. Senator Al Franken joins Joy Reid and her panel to discuss, in the video published on Oct. 6, 2021, “Former Sen. Al Franken: This Was A Game Of Chicken And Mitch Blinked“, below:
You may have heard a lot about the debt ceiling crisis lately. Kevin Conway is here to explain the debt ceiling to you and show you how the debt ceiling is way worse than a government shutdown because the debt ceiling crisis is really a default on government debt, in the video published on Sep. 30, 2021, “Debt Ceiling Crisis Explained“, below:
The debt ceiling or debt limit is a law that determines how much debt the U.S. Treasury can issue. Constant budget deficits require the Treasury to issue more debt in order for the Federal government to pay its bills. If the debt ceiling causes the Treasury to default on its debt, it could lead to catastrophic results. Learn why the debt ceiling is important and what might happen if it isn’t raised, in the video published on Sep. 29, 2021, “Debt Ceiling Standoff 2021: What It Means for Investors“, below:
The U.S. debt ceiling is very unusual internationally, as most countries just pass laws laying out their tax and spending policies and make up the difference by issuing debt. However, in the U.S. this is different, there is a hard legal limit on the amount of debt the government can have and this limit is about to be breached. If Congress don’t raise the debt ceiling in time this could trigger the first default on US Treasuries in the history of the country. This would send shockwaves through global markets. So in this video, I look at this in detail and discuss solutions such as minting a trillion dollar coin, in the video published on Sep. 28, 2021, “U.S. Debt Ceiling – Mint The Trillion Dollar Coin!“, below:
Nouriel Roubini, CEO at Roubini Macroassociates, discusses the impact of global fiscal and central bank policy on inflation, economic growth, and inequality. He speaks on “Bloomberg Surveillance.” in the video published on Sep. 21, 2021, “Nouriel Roubiini Sees Global Debt Trap Driving Inflation“, below:
Bridgewater Founder and Co-CIO Ray Dalio joins CNBC’s Andrew Ross Sorkin at the SALT global thought leadership forum, discussing where we are on debt monetization, internal political conflicts, and the rise of China — and what these forces mean for investors, in the video published on Sep. 29, 2021, “Ray Dalio on How He’s Seeing the World Right Now“, below:
Cathie Wood, Ark Investment Management CEO, believes that investors planning for an inflationary period are making a significant mistake. She tells Bloomberg’s Sonali Basak that her biggest concern for markets is a ‘deflationary boom.’ in the video published on Sep. 30, 2021, “Cathie Wood: Next Big Risk Is Deflation“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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