U.S. DEBT CEILING CRISIS EXPLAINED FOR BEGINNERS...

What is the US debt ceiling and when is the deadline? ‘Every family should be concerned’ about debt ceiling. If Congress fails to address the debt ceiling, the federal government could run out of money as soon as June 1, according to Treasury Secretary Janet Yellen.

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#fedmeeting #debtceiling #stockmarketcrash

The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.

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[dannyv]

US Gov is like a teenager with a credit card.

[HopeToday]

The debt ceiling raises automatically if the government fails to raise the debt ceiling... Just FYI
(it doesn't raise it enough for a year, just a few months, it gives "them" more time to agree).

[celtekrider]

Let's raise the debt ceiling and then spend more money and then beg to raise it again.

-Democrats

[CSmoothh]

This is why financial literally should be a part of the mandatory curriculum in every high school in America, taught on a comprehensive level just like math, science, grammar, and history. If we all knew how the system worked, our financial decision making collectively would change as well the way we vote.

[punerimallu]

Who are the lenders in this case? From whom does the US borrow 'future' money for today's spending?

[joshr]

Should of just said, "our issue is bidens president. "

[JesusChristIsLord.]

When will they announce if they'll raise it or not

[Whatever_Happy_People]

You exsplained it well. Australia is very interested in the outcome.

[austinbradley]

Thanks Ricky! Always appreciate your content! 👍🏻

[kennethgalang]

Whats the down side of the debt ceiling wss raised

[mugelu]

can u or someone else gives us stocks that will benefit from the agreement of raising the debt and or if they cant reach an agreement? thx

[timsmith]

The US Debt Ceiling is a problem for Congressional Republicans only when a Democrat occupies the White House. We will remember on Election Day. - Zoomer

[AZAZEL_TK]

Ricky, what can be a solution to this ongoing circle of debt?

[donniemoder]

Let the bickering over who is at fault for debt ceiling deadline negotiations breaking down begin!

[LegendaryMedia]

We can always agree on one thing! Biden is a horrible president!

[notatrumpsupporter]

Question: Is it possible for Democrats to pass a law allowing the "rich" to donate funds to go towards our national debt and give them a huge tax break for donating? The wealthy is always looking for tax breaks, therefore this could potentially provide a win win situation for everyone.

[LumleyTradingYT]

You would think they would be more frugal when they get nearer and nearer the debt ceiling, but no 😂😂

[oakandiron_]

The real question is… WHO do they owe?! Educate and inform yourself.

[mariegrant]

The debt was 21 trillions 10 years ago, now 31 trillions.. just follow the same process 😂

[jimwyatt]

So if we breach the debt limit will Congress continue to be paid???