Debt Ceiling Crisis Just Made U.S. MORE RISKY Than Emerging Markets | Here’s Why

Higher interest rates, eroding international credibility, financial sector turmoil. So, what is this debt ceiling we're talking about? Imagine you've got a credit card with a limit, and you've just hit that limit. That's essentially what's happening to the U.S. government. In January this year, we hit a whopping $31.4 trillion debt limit. Yes, you heard that right, trillion with a 'T'. This means the amount of debt the U.S. government can hold has been maxed out. Treasury Secretary Janet Yellen has given us a heads up that our cash reserves could be drained by June 1.

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Debt Ceiling 0:00

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