Understanding the US Debt Ceiling

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An oversimplified explanation of what the debt ceiling is, what defaulting means & what this potential situation means for the US & the financial markets. Also a look at China & how their interesting lending habits.

Have questions about anything? Feel free ...

The US debt ceiling is all anyone in Washington (and increasingly elsewhere) can talk about these days. For months, politicians have been in a stalemate triggered by Republican demands for spending cuts as the price for paying America's debts. With next week seen as the point at ...  Show more

House Republicans are refusing to raise the US debt ceiling without huge concessions. Vox’s Dylan Matthews explains why we have a debt ceiling to begin with (and how President Biden could bypass it). This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked ...  Show more