Understanding the US Debt Ceiling (Public Introduction)
Down to Business English
English - June 28, 2023 15:34 - 7 minutes - 10.9 MB - ★★★★★ - 28 ratingsLanguage Learning Education Business business english learning english language study english presentations study english online online english lessons efl esl toeic ielts Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: No Pay? No Pens! The Writers Guild of America Strike
Dez Morgan and Skip Montreux take a deep dive into the concept of a debt ceiling, a term often thrown around in financial news but rarely fully understood. They start by defining what a debt ceiling is, then explore how some countries have set hard limits on their borrowing, while others base their debt ceilings on their GDP.
Dez and Skip also discuss the history of the US debt ceiling and shed light on the reasons behind its creation and why it still exists today, despite the changing economic landscape.
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