What's the deal with the debt ceiling?

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.6 • 79.3K Ratings

🗓️ 28 January 2014

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lately it's been common news fodder that Congress uses its ability to raise the debt ceiling to hold the executive branch hostage to its demands, but exactly how does that work, and what does the debt ceiling do? Learn about it in this fascinating episode

Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.7	That's why we launched The Big Take.
0:08.3	It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit
0:14.0	to give you some space to think.
0:16.4	I'm Wes Kosova.
0:17.7	Each weekday I dig into one important story and talk about why it matters.
0:23.6	Listen to The Big Take on the I Heart Radio app, Apple Podcasts or wherever you listen.
0:31.2	Welcome to StuffyShitNo from HowStuffWorks.com.
0:35.7	Hey and welcome to The Vlogmas on Dutch Bar with the Show.
0:39.2	Brian, and this is StuffyShitNo.
0:43.5	Financial time to listen.
0:45.2	Yeah, and you know what usually I shy away from finance, as you know?
0:49.5	I know, you're very co-cadish.
0:50.8	Yeah, this was good though.
0:53.0	Like, timely and easy to understand.
0:57.1	And I don't think a lot of people, well that's not true.
1:00.1	I don't know how many people.
1:01.1	I hate when people say that.
1:02.1	I don't think many people.
1:03.1	Most people don't understand what I understand.
1:06.2	But I think if you were like me before, you probably didn't know what the debt ceiling
1:10.0	was and it's really not that difficult.
	...

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