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Money Rehab with Nicole Lapin

411 on Debt Ceiling 911

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 10 May 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Consider this episode your markets pulse check: debt ceiling, Fed rates, student loans... oh my!

Transcript

Click on a timestamp to play from that location

0:00.0

From Wondry, flipping the bird.

0:02.2

Elon vs Twitter is a new podcast that unravels the fascinating story of Elon Musk's unexpected

0:08.0

bid to buy Twitter, and all of the drama that has happened since then.

0:12.1

As a self-described business maverick, Elon epitomizes the Silicon Valley ethos of move

0:17.0

fast and break things.

0:18.7

Elon's influence is not only ushering in a new era of Twitter, but also shaping the

0:23.9

future of free speech on the internet as we know it.

0:27.2

Listen to flipping the bird on Amazon Music or wherever you get your favorite podcasts.

0:34.2

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:38.8

It's time for some money rehab.

0:41.4

Alright, so at the time I'm recording this, there hasn't been a major banking crisis or

0:52.1

massive fraud this week.

1:02.7

First let's do a little spring cleaning and clear up some questions on the debt ceiling

1:06.0

and interest rates.

1:07.5

The debt ceiling problem, which is just a cute way of saying that the government is

1:10.8

refusing to approve funding for laws and programs it created, has not gone away.

1:15.5

Make no mistake about it, the issue is a partisan one.

1:18.9

These want to reduce future debt by cutting government spending in discretionary areas like

1:23.6

education and canceling a lot of green energy tax breaks.

1:28.1

Democrats have a plan to tax billionaires and giant corporations with the goal of reducing

1:33.0

the national debt by $3 trillion over the next 10 years.

1:36.6

Sounds like a lot of money.

...

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