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Will the Debt Ceiling Cave in This Time?

Slate Daily Feed

Slate

Business, News, Society & Culture

3.9 • 1.1K Ratings

🗓️ 11 February 2017

⏱️ 26 minutes

🧾️ Download transcript

Summary

The U.S. has hit the debt ceiling—again And with Congress divided, it’s unclear when or how the government will get approved to borrow more.Why is this perennial fight coming back around now? And what happens—locally and to the world economy—if the U.S. Treasury defaults? 


Guest: Jordan Weissmann, Washington editor for Semafor.


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Transcript

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0:00.0

This episode is brought to you by Krakhan.

0:03.0

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0:06.0

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0:11.0

or at 5 a.m.

0:12.0

Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.

0:15.2

crypto is finance for everyone everywhere all the time.

0:19.4

Visit crackin.com slash see what crypto can be to learn more. Don't invest unless you're prepared to lose all the money you invest this is a high risk investment and you should not expect to be protected if something goes wrong

0:32.0

Hey everyone just a note at the top that we've got a couple of unbleeped curse words in this episode, so you've been warned.

0:39.0

Jordan, if I could wave a magic wand and you would never have to hear the words debt ceiling again,

0:49.0

would you be interested in that? Yeah, absolutely.

0:54.0

Jordan Weisman covers the economy over at Semaphore.

0:58.0

I mean, obviously there's risk.

1:00.0

This is some sort of monkey's paw situation where I get rid of the

1:04.1

death ceiling but then like I everyone else around me has like a pig face or

1:09.2

something and I'm the only one with that like some twilight zone situation but yes I would risk that to get

1:14.7

rid of the death ceiling at this point absolutely.

1:18.8

I mean it's funny that I just sense this weariness among anyone who has to bring it up.

1:25.0

All right, but we are going to begin with the debt ceiling.

1:28.0

That's showdown in Washington.

1:29.0

This is something that could have a major impact on your money and global markets and here's what's going on

1:34.0

everyone's just like yeah this again Scott McFarland is on Capitol Hill

1:41.2

he's following it for us, the more people

...

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