Does the Debt Ceiling Affect Your Finances? - E57

The Best Interest - Complex Personal Finance Made Easy

You might’ve seen it on the nightly news or read it in the morning paper, but things got a little tense on Capitol Hill leading into Memorial Day weekend. Today we’re going to talk about the debt ceiling crisis that almost happened in the US. Luckily, politicians figured it out, or at least kicked the can down the road. So, what does that mean for your finances?

Well, hopefully nothing. But what about a couple looming questions like: What are the underlying factors that contribute to the need for the government to raise the debt ceiling repeatedly? Can the Treasury continue to take on debt? Does the recurring debt impact the long-term credibility of the government's financial decisions? How does the uncertainty surrounding the debt ceiling affect financial markets, investor confidence, and economic growth both domestically and globally?

Jesse’s here to break down what is another confusing topic sure to affect investors of all kinds, the national debt ceiling.

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The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.