What Happens if the US Defaults on its Debt?
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 1 October 2021
ā±ļø 12 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn what happens if the US defaults on its debt. Congress seems to be at an impasse, so what happens if they can't agree? So far, they have money until Dec. 3rd, but then what happens?
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 938. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.7 | Yeah, I'm full of faith time I'm gonna live the good life |
| 0:20.7 | I'm gonna live the good life |
| 0:21.1 | a beautiful and glorious night Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.3 | be wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. |
| 0:39.6 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.4 | On today's show, we're going to talk about what happens if the U.S. defaults on its debt. |
| 0:51.6 | Because I've been getting questions from people who are asking me |
| 0:54.3 | what's going to happen is this something really serious there's a lot of narrative |
| 0:59.2 | out there that's very scary and frightening to people so we want to look at this and see how serious this |
| 1:04.7 | really is. I'm going to share with you an article from Market Watch that was |
| 1:09.3 | written by Andrea Ricier and it says as Washington teeters closer to a possible government shutdown at midnight |
| 1:17.1 | Thursday, here's why the status of the nation's debt ceiling may ignite more worry in financial markets. |
| 1:23.8 | September 30th marks the end of the federal government's fiscal year and the deadline |
| 1:28.6 | for Congress to pass a funding measure. |
| 1:31.2 | The debt ceiling, which is the amount of money |
... |
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