Tag: debt limit
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Exploring the White House’s Alternative Strategies to Prevent a U.S. Debt Default Without Congressional Approval
The Wall Street Journal provides insights into President Biden’s potential options to avoid a U.S. default without congressional approval, as Democrats and Republicans struggle to agree on raising the debt ceiling. The video outlines three unconventional and risky methods: minting a trillion-dollar platinum coin, issuing premium bonds, and invoking the 14th Amendment. The analysis includes…
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Exploring the Potential Economic Impact of the U.S. Hitting the Debt Ceiling
As the United States approaches the deadline for raising the debt ceiling, the consequences of defaulting on the national debt are examined. The video elucidates the critical role of Treasury bonds in the global financial system and the potential repercussions on financial markets, interest rates, and the economy if the debt ceiling is not raised.…