Crisis Du Jour: Debt Ceiling Showdown
Casual Friday: Financial Insights
English - May 21, 2023 16:00 - 28 minutes - 19.5 MB - ★★★★★ - 1 ratingInvesting Business retirement investing planning stock bond market Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Social Security Pays to Wait?
This week Brian and Ryan talk about how time is running out for Congress to raise the debt ceiling. Treasury Secretary Janet Yellen has warned lawmakers that the government may not be able to service its debt by June 1.
The fixed income market continues to show signs of concern over a potential technical default. Credit default swap (CDS) rates for U.S. government debt have roughly doubled over the last month, while four-week Treasury bills auctioned at their highest discount on record last week.
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