Effects of the 2023 US Debt-Ceiling Crisis | Money and Investing (Business Opportunities - Investment)

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Effects of the 2023 US Debt-Ceiling Crisis | Money and Investing

The current debt ceiling in the US is upwards of $31 trillion – and yet it is nearly being breached. As a result, it will likely be increased by lawmakers in the US so join us this week as we dive into the key things to look out for!

What is the Debt Ceiling

The debt ceiling in this context is the total amount of compounding debt for the US government. As a country, the US is a big spender and as Andrew points out, like any debt, national debt needs to be repaid. Usually people are chipping away at repaying their debts but with some pretty serious spending in the last couple of years and interest now accruing and compounding, there is a lot of money owing all around the world. COVID was a big reason why that debt figure has increased so much as there was a lot of stimulus provided which had to be borrowed in order to keep the economy afloat through lockdowns and business interruptions.


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Target Nation: All Nations
Target City : Sydney
Last Update : 26 December 2023 6:19 AM
Number of Views: 68
Item  Owner  : Andrew Baxter
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Contact Phone: +61 7 55 854 285

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2024-06-25 (0.225 sec)