EPISODE · Jun 28, 2023 · 7 MIN
Understanding the US Debt Ceiling
from Down to Business English · host Skip Montreux
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. Visit Apple Podcasts to subscribe to Down to Business English, rate the show, and leave a comment. Contact Skip, Dez, and Samantha at [email protected] Follow Skip & Dez Skip Montreux on Linkedin Skip Montreux on Instagram Skip Montreux on Twitter Skip Montreux on Facebook Dez Morgan on Twitter RSS Feed
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What this episode covers
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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Understanding the US Debt Ceiling
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