Since our nation's founding, the federal government has borrowed money from other governments, private investors, and businesses in order to operate. Over the last century, the debt ceiling, a Congressional cap on how much debt we can have, keeps getting higher and higher. We talk about how the national debt works, how it's been used as political leverage, and how that impacts the health of our economy. Louise Sheiner, senior economics fellow at the Brookings Institution, and Michael Dorf, Constitutional law professor at Cornell Law, help us make sense of trillions of dollars in debt.
The National Treasury has proposed an increase in debt ceiling from the current Sh9 trillion to Sh10 trillion in order to enable the Government to borrow more to finance the Sh3.33 trillion budget for the 2022/23 financial year. Treasury CS Ukur Yattani has urged the Members of Parliament to amend the Public Finance Management Regulations, 2015, to increase the limit. The National Treasury had proposed that the debt limit be expressed in absolute figures rather than a percentage of GDP arguing that it's consistent with the constitution on openness, accountability, and clear fiscal reporting.
The Finance Minister, Grant Robertson, has just delivered his pre-Budget speech in Wellington, in which he's announced plans to introduce a debt ceiling. The debt ceiling would require future government's to maintain a small surplus between zero and two percent of GDP, to help with rising inflation. Political reporter Giles Dexter was at the announcement. He spoke to Corin Dann.
The US Treasury yield curve has inverted, a capital market klaxon warning that the US is on course for a recession. When did markets begin to move towards inversion? October 2021. What happened then? The debt 'ceiling' (melo)drama.----EP. 218 REFERENCES----*Every* Time, Debt Ceiling Impacts Collateral Producing Inevitable Deflationary Currency: https://bit.ly/3rsrOACAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-----SEE ALL EPISODES-----Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL----HEAR ALL EPISODES-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV---------THE TEAM---------Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "Marked Up" by Damma Beatz.------FIND THE TEAM-------Jeff: https://twitter.com/JeffSnider_AIPJeff: https://alhambrapartners.com/author/jsnider/Emil: https://twitter.com/EmilKalinowskiEmil: https://www.EuroDollarEnterprises.comDavid: https://DavidParkins.com/Terence: https://www.VisualFocusMedia.comDamma Beatz: https://www.epidemicsound.com/artists/damma-beatz/"Marked Up": https://www.epidemicsound.com/track/UWBXJoGnC5/
Congress needs to raise the debt-ceiling from time-to-time so the government can pay its bills. We keep hearing about the downside of not raising the limit: like interest rates going up and the market getting spooked. Treasury Secretary Janet Yellen even tells CNBC it could also delay Social Security payments. So we've heard this song before, and we're likely to hear it again. Is this something clients need to pay attention to? Hear how Steve is guiding his clients and how he can help you. Then, how often do you check your smartphone? A survey by the tech care company Asurion found Americans look at theirs 96 times a day. That's about once every 10 minutes while you're awake! That number is up 20% from a similar poll two years ago. Jittery investors tend to check their financial standing a lot. Think about it, how often do you check on your income plan?
On this episode of Firedup, Steve discusses:> We are approaching the time where Covid will move from being a pandemic to an endemic - like the flu - where we will see a return of the virus each year. Scientists and Doctors are predicting that covid WILL become "manageable". > CA Gov Newsom taking a page from the TX Republicans abortion ban playbook: A law to let civilians sue anyone manufacturing, selling or possessing and Automatic Rifle (like an AR-15) Good or Bad Idea? > After the Democrats turned on the blue wave in the 2020 election and brought Biden the win, GA Republicans are using redistricting to break up Democratic stronghold counties to end Dem control in those areas. > Senate Leaders Schumer (D) and McConnell (R) work a deal whereby the Democrats can raise the Debt Ceiling with their party's majority THIS ONE TIME ONLY. it remains to be seen if this can be done ofr other priority bills in the future.
Thanks to Sharesight for sponsoring this episode! 4 Months FREE of Sharesight Portfolio Tracking http://bit.ly/sharesight-younginvestors In this week's episode, we discuss the record inflation and the federal reserve's reaction, Elon Musk as Time Person of the Year, Debt Ceiling update and more! The Young Investors Podcast explores the ideas of Value Investing, ideas that that were originally formed by successful investors such as Ben Graham, Warren Buffett and Charlie Munger. The show is run by two young Australian investors; Hamish Hodder and Brandon van der Kolk, who both run their own investing related YouTube channels.
The Walking Dead land, debt ceiling raised by 2.5 trillion, rants Elizabeth Warren. Love our boy Elon :King of the trolls --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/crypto-cafe/message
The Dennis Michael Lynch Podcast is 46-minutes for this day, December 15 2021 President Biden sides with Congress to raise the debt ceiling. A Trump appointed Federal judge rejects Trump's bid to block the release of his tax returns. How do New Yorkers feel about 800,000 non-citizens being allowed to vote in city elections? Should a drunk driver who kills a parent be required to pay a child maintenance fee until the child is 18? Alec Lace interviews a mother trying to pass Bentley's Law Listen to the program or watch on TeamDML.com
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The Reverse Repo Facility at the Federal Reserve has blown up to astronomical levels over the last six months as the scramble for collateral has left banks with excess cash. But now, the debt ceiling increase will allow the Federal Government to issue debt once again, increasing the collateral in the system. The Fed should push money back out of reverse repo to help sustain demand for treasuries despite high inflation. Get Your FREE $100 of Bitcoin: https://itrust.capital/heresy
We discuss vaccine mandates, the economy, and the future of this country. Our guests are: Russ Vought, Robby Starbuck, Phillip Patrick, Dr. Bradley Thayer, Gordon Chang Stay ahead of the censors - Join us warroom.org/join Aired On: 12/02/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews
Our conversation takes us to Washington DC as we discuss the latest as it relates to the debt ceiling and the path forward. Featured is Tom McLoughlin, Head of Fixed Income Americas, UBS Chief Investment Office. Host: Daniel Cassidy
Treasury Secretary Janet Yellen warned in a letter to lawmakers on Tuesday that the federal government will run out of money to pay its bills as soon as Dec. 15 if the debt ceiling is not suspended or raised.One idea to ensure the government does not default, even if the debt ceiling is not raised, is to mint a trillion-dollar coin. Yellen has called this a gimmick, but some economists insist it's a legitimate finance trick that can be used to stave off a default. Axios Re:Cap host Felix Salmon is joined by former U.S. Mint Director Philip Diehl to discuss the idea behind the trillion-dollar coin and whether it's remotely likely to be minted in the next month. Learn more about your ad choices. Visit megaphone.fm/adchoices
Raising the federal debt limit has reemerged this fall as a political issue with the potential to impact the financial markets. Chief Market Strategist Bill O'Grady discusses the current standoff over the debt limit and the investment implications.
Brian and Hodey get to talk one-on-one about what the debt ceiling is, why it is raised, and what this means to average Americans. They also talk a little Joe Rogan and Jon Gruden. Learn more about your ad choices. Visit megaphone.fm/adchoices
In a wild week, the debt ceiling was raised amidst talk of permanently abolishing the debt ceiling. Additionally, Facebook had its embarrassing flaws exposed in a Congressional testimony while the site went down for a few hours. Join special guest host Tricia Stewart and the WAL gang as they dig into these issues in a week full of juicy economic and social dilemmas. Learn more about your ad choices. Visit megaphone.fm/adchoices
FRIENDS AND ENEMIES Thanks for tuning into another episode of The Canadian Bitcoiners Podcast. This week Vitalik is a Reddit Troll Stablecoins Regulated as Securities The Debt Ceiling Charade The Shakepay Card Roll-Out $HIVE, $BITF, $RIOT and more mining news Canadian and International Equity Updates And much more. As always, leave us some feedback on Apple Podcasts - your ratings and reviews help the show grow - or reach out to Joey and Len on Twitter, leave us a note on our Reddit posts, or drop a comment on our YouTube channel. We appreciate all the support and feedback, and hope you'll come back for more! Later! _______________________________________ Help the Show - Use One of Our Referral Codes! Wealthsimple Trade – Receive the cash value of a stock when you sign up using our link! https://my.wealthsimple.com/app/public/trade-referral-signup?code=WVLSJQ Coinbase - https://www.coinbase.com/join/pizzi_q Get free $10 bonus after depositing $100 Shakepay - https://shakepay.me/r/YFK9ZJZ Get free $10 when buying $100 of BTC or ETH Newton - https://web.newton.co/r/VGFBJV Get free $25 CAD when you trade over $100 CAD in volume Netcoins - https://netcoins.app/r?ac=N6O87W Get rewarded $10 after the purchase or sale of $100 worth of crypto (this can be done in a single transaction or spread out between multiple transactions) NDAX - https://one.ndax.io/bfQvnK Deposit $100 and get $10 free Ledn.io - https://platform.ledn.io/join/71ff9f01aa9f06a2910f627bf2832639 Sign up and take a Ledn loan and get $25 for free! --- Send in a voice message: https://anchor.fm/canadian-bitcoiners/message
Our conversation recaps the week that was, including thoughts and reflections on the September Jobs report, where we stand with the debt ceiling and a look into the week ahead. Featured is Brian Rose, Senior Economist Americas, UBS Chief Investment Office. Host: Daniel Cassidy
Julia Chatterley is live from New York. Here are the top business news stories today! Calamity cancelled! US Senate reaches a #debt ceiling deal, but #jobs growth disappoints in September. Ireland's eye to eye! The Irish join the drive for a global minimum corporate #tax rate. Fossil fuel flip! China boosts coal output to counter its energy crunch. It's Friday, let's make a move. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Unfortunately, those in power will always find a way to continue to spend money because that is precisely how they keep (and gain more) power. With the debt default deadline looming, policymakers have found a way to delay the deadline by just two months to give themselves more time to find a more long-term solution. But what would we be able to look forward to if the government's spending capability was crippled by a default? My Weekly Newsletter https://heresyfinancial.curated.co Join Me at Market Disruptors Live in November! https://www.marketdisruptorslive.com/sales-page1628796709575?affiliate_id=3385406
Senate Republican leader Mitch McConnell on Wednesday told Democrats he would allow an emergency debt limit extension into December, edging back from a perilous standoff by offering a potential path to avoid a federal default. A procedural vote on legislation that would suspend the debt limit for two years was abruptly delayed, and the Senate recessed so lawmakers could discuss next steps. “This will moot Democrats' excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation,” McConnell said. Support The Show: https://waynedupree.locals.com See omnystudio.com/listener for privacy information.
Did Mitch McConnell cave? He has said he would not support raising the borrowing limit because it would allow Biden to push through another $5 trillion of spending, something Republicans don't want. Then he instructed Republicans to sink a government spending bill that suspended the debt limit, forcing Democrats to remove the debt limit language from the legislation in order to keep the government open. Earlier this week, Senate Democrats and President Biden began openly floating the idea of abolishing the filibuster altogether to raise the debt ceiling. Then he proposed a deal: He would agree to rule changes that would allow Democrats to either fast-track the suspension of the debt limit using a budget reconciliation process or raise the limit to a specified figure through December, giving them more time to figure it out later and ensuring the process doesn't get caught up in other partisan wrangling (it'd also take the pressure off Democrats now, as they figure out how to pass the bipartisan infrastructure bill and the $3.5 trillion reconciliation deal). Our newsletter is written by Isaac Saul, edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle's social media manager Magdalena Bokowa, who also created our logo. The podcast is edited by Trevor Eichhorn, and music for the podcast was produced by Diet 75. --- Support this podcast: https://anchor.fm/tanglenews/support
Julia Chatterley is live from New York. Here are the top business news stories today! Debt diversion - a deal to raise the ceiling imminent…but it's temporary! Chinese chatter! President Xi and Biden agree to talks. Putin's powerplay! Russia offers to ease the energy crisis in Europe. It's Thursday, let's make a move. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
10.04.21 #RolandMartinUnfiltered: Debt ceiling showdown: Biden, Schumer call for urgent action; SCOTUS to hear landmark cases this term; America hits 700K COVID deaths; GA Dems would rather keep up confederate statues before building one for Clarence Thomas; Black and Missing: 60-year-old Shanta Reid last seen in New York back in December 2020; What's next for police reform; For the first time, two Black U.S. attorneys to lead their districts; New project to identify hundreds of people involved in "Bloody Sunday", White OR man faces several charges for killing an unarmed Black man; Chauvin legal fees reversed; AL to use COVID $$$ to build more prisons; Netflix and Howard University establishes scholarship in honor of Chadwick Boseman Support #RolandMartinUnfiltered and #BlackStarNetwork via the Cash App ☛ https://cash.app/$rmunfiltered or via PayPal ☛ https://www.paypal.me/rmartinunfiltered Download the #BlackStarNetwork app on iOS, AppleTV, Android, Android TV, Roku, FireTV, SamsungTV and XBox #RolandMartinUnfiltered and the #BlackStarNetwork are news reporting platforms covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.
This week I'm keeping my eye on six key issues: The Friday deadline set by Sen. Majority Leader Chuck Schumer (D-NY) to pass an increase in the debt ceiling. The ongoing drama to pass both the infrastructure bill and the social & climate spending package. The ongoing drama about passing the Freedom to Vote Act. The new term starting for the US Supreme Court. They are hearing in-person oral arguments for the first time since the pandemic. Rudy Giuliani admitted under oath that his "evidence" of voter fraud in the 2020 election came from unvetted posts on Facebook and other social media platforms. The first articles on the Pandora Papers dropped this week focused mostly on non-US targets, future articles in the coming days may spark more domestic debates as American billionaires and celebrities who have shielded their wealth in structures like the tax havens of South Dakota and Nevada get more coverage. Also follow along at: Onefordemocracy.org @onefordemocracy
On this episode Austin & Chris discuss the fall of Evergrande group, concerns surrounding the public debt ceiling in the United States, and debate whether U.S. equity markets are overvalued. Feel free to send us an email at email@example.com with any feedback, questions, recommendations, or ideas for future episodes. --- Support this podcast: https://anchor.fm/vol2val/support
Every few years, people are reminded of the weird law the United States has: the debt ceiling. Congress has to vote affirmatively to raise the total outstanding legal stock of debt the country can take on. If Congress fails to vote in favor of it, you could see a theoretical debt default, with devastating consequences. Sometimes the vote is routine and easy. Sometimes it's contentious, as it was in 2011. But arguably there's an easy solution that could avoid these fights altogether: A provision in the law which gives the Treasury Secretary the unilateral right to create platinum coins of any denomination. While this sounds like a joke, there's a serious argument that it offers a robust legal path out of the problem. On this episode we speak with Rohan Grey, a professor at Willamette University College of Law and one of the foremost experts on the legality of the coin maneuver, on how it works in practice and in theory. See omnystudio.com/listener for privacy information.
Hoy es lunes 4 de octubre y celebramos que este mes nos iremos de vacaciones la segunda mitad de octubre con el mejor episodio de todos!Como primer taco, Instagram sabe que su app es mala para la salud mental y emocional de nuestros niños, y aún así quiere sacar su versión para pequeños. Te contamos los detalles.Como segundo taco, Biden y los Demócratas están teniendo problemas para subir el techo de la deuda del gobierno. Te platicamos qué es eso, cómo el gobierno también hace un presupuesto como lo hacemos las familias y cómo puede afectar tu bolsillo.Por si no lo sabías, somos coautores en un nuevo libro! The Hispanic Star seleccionó a nuestro host, Enrique Castro, para ser parte de un nuevo libro sobre las estrellas hispanas en Estados Unidos, "Hispanic Stars Rising, Vol II". Puedes comprar el libro AQUÍ, y si quieres un libro autografiado mándanos un DM.Siguiendo con el Mes de la Herencia Hispana, te compartimos dos testimonios de latinas en Estados Unidos:Irene Kelly, desde CaliforniaZaira Cruz, desde Texas***Quieres mandar saludos o felicitar a alguien en nuestro podcast? Simplemente llena nuestro formulario AQUÍ y te mencionaremos al final del episodio!No olvides seguirnos en redes sociales y ponernos 5 estrellas! Nos ayudas mucho a crecer esta comunidad y llegar a más paisanos.Estamos en Instagram, Facebook y Twitter!
Alison Kosik is live in Los Angeles. D.C. dilemmas! U.S. politicians grapple with the debt ceiling, a potential shutdown and President Biden's spending agenda. Powell's problems! The Fed is facing inflation pressures as supply bottlenecks push up prices. China's concerns! Production slows as power cuts hit the world's second biggest economy. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
We discuss the debt ceiling and talk about Mike Lindell's new lawsuit. Our guests are: Dr. Peter Navarro, Mike Lindell Stay ahead of the censors - Join us warroom.org/join Aired On: 09/30/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews
On this edition, we bring you up to speed as to where we stand on government funding, the debt ceiling and the reconciliation negotiations, plus reflect on key hearings with senior military officials. Featured is Shane Lieberman, Federal Affairs Manager, UBS US Office of Public Policy. Host: Daniel Cassidy
We dive deep into the financial debate going on with Steve Cortes. Our guests are: Steve Cortes, Boris Epshteyn, Patrick Witt Stay ahead of the censors - Join us warroom.org/join Aired On: 09/29/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews
Bloomberg Intelligence Chief U.S. Interest Rates Strategist Ira Jersey on Fed Chair Jay Powell and Treasury Secretary Janet Yellen Senate Banking Committee Testimony. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, on the impact of the pandemic on nurses. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Correspondent Kyle Stock on Online Used-Car Dealers Thrive in Market Upended by Pandemic. Bloomberg News Consumer Reporter Leslie Patton on the Bloomberg Big Take- Ruined Brazil Harvest Sparks Food Inflation Everywhere. Bloomberg News Finance reporter Hannah Levitt on Wells Fargo Investors on Edge as Bank Resolves Another Probe. And then we Drive to the Close with Jimmy Lee, Founder and CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
This week I'm keeping my eye on five big votes looming in Congress which will define the future of our democracy and economy in the months and years to come: The Freedom to Vote Act A massive set of spending a budget votes Update on the infrastructure bill The continuing budget resolution The debt ceiling Also follow along at: Onefordemocracy.org @onefordemocracy
Our conversation takes you to Washington DC as we bring you up to speed on the US debt ceiling, why this topic is receiving so much attention and shed light on potential market implications. Featured is Tom McLoughlin, Head of Fixed Income Americas, UBS Chief Investment Office. Host: Daniel Cassidy
We discuss the border and have a deep dive into the economy. Our guests are: John Eastman, Dr. Richard Vedder, Anthony Sabatini, Brian Kennedy, Ben Bergquam, Todd Bensman, Auden B. Cabello Stay ahead of the censors - Join us warroom.org/join Aired On: 09/21/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews
On this edition, we discuss the ongoing negotiations surrounding federal spending programs and the debt ceiling, update on the California recall election and the ongoing evacuations from Afghanistan. Featured is Shane Lieberman, Federal Affairs Manager, UBS US Office of Public Policy. Host: Daniel Cassidy
The Treasury General Account has finally gotten back down to its pre-covid levels, which is where the treasury had targeted at the beginning of the year. The problem is the Federal Government cannot issue any new debt until the debt ceiling is either suspended or raised, and so the TGA may go all the way to zero. But record tax inflows are assisting with delaying this, potentially longer than expected.
Congress officially went on recess without addressing the expiring debt ceiling suspension. As of August 1, the Treasury has been forced into engaging in "extraordinary measures" in order to continue funding federal expenses despite the income from borrowing disappearing. Depending on how long this lasts until Congress agrees to a solution, the consequences may soon become severe.
US security apparatus is the enemy of the people, and 3M should be in jail for all they did during the pandemic. Our guests are: Amanda Milius, Dr. Peter Navarro, Mark Eglinton, Darren Beattie Stay ahead of the censors - Join us warroom.org/join Aired On: 06/30/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews