2023 Debt Ceiling Disaster: US Government on the Verge of Default!

Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday, January 19th. In this video, we explain what the debt ceiling is and why it's important. We also discuss the current state of the US economy, the reasons for the current debt crisis, and the potential consequences of not raising the debt ceiling. We also cover the response from the government and the plans that have been put in place to avoid default. It's a light-hearted, informative video that will help you understand the situation and what's at stake. Don't miss out on this important update on the US debt crisis.