Podcasts about us debt ceiling

Show host Gene Tunny discusses the ineffectiveness of the U.S. debt ceiling, citing its frequent increases and the political grandstanding it entails. He notes that since 1960, Congress has amended the debt limit 78 times. Tunny argues that the debt ceiling does not enforce fiscal discipline and highlights the need for better fiscal rules, such as the Swiss Debt Brake or the Taxpayer Bill of Rights. He also shares his experience with Australia's debt ceiling during the late 2000s financial crisis. Tunny concludes that Trump's criticism of the debt ceiling is justified.If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com.Timestamps for EP268US Debt Ceiling Overview (0:00)Historical Context and Modern Monetary Theory (4:09)Ineffectiveness of the Debt Ceiling (7:07)Australian Experience with the Debt Ceiling (13:00)Conclusion and Alternative Fiscal Rules (24:49)TakeawaysDebt Ceilings Are Ineffective: The US debt ceiling fails to control spending or debt accumulation, as it is consistently raised to avoid financial crises.Alternative Fiscal Rules: Spending caps or frameworks like Switzerland's debt brake are more effective at managing fiscal discipline than nominal debt ceilings.Political Grandstanding: The debt ceiling often serves as a stage for political drama rather than meaningful fiscal reform.Modern Monetary Theory Critique: Printing money to avoid debt constraints, as proposed by some MMT advocates, risks inflation and economic instability.Lessons from Australia: Australia abolished its debt ceiling a decade ago after recognizing its downsides, offering a model for US fiscal policy reform.Links relevant to the conversationUseful information on the US debt and deficit from the US Treasury:https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit (discusses how many times the debt ceiling has been amended)https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ (contains the spending, revenue, and deficit figures that Gene mentions)Lumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.

Laura Stover, RFC is solo today for a special episode as we cover this week's featured article from Kiplinger “Consistency Is the Key to Investing When You're Retired.”  We need to focus on consistent returns rather than average returns or market fluctuations. While volatility may be advantageous during the accumulation phase, it can be detrimental to retirees who rely on their investments for income. We also are covering ongoing news events, such as the Israel-Mideast situation andthe debt ceiling.  What effects could these events have on investing and retirement? As always, it's important to use non-correlated strategies and options to hedge against volatility and manage risk.  We hear from other financial authorities in today's show, including David Walker, the seventh comptroller general of the United States.  His book questions whether we will still be a superpower by 2040, and he outlines several things he believes the US Government should do, especially as it relates to the ever-growing debt ceiling. Today, you'll also hear from one of my favorite money managers, Jay Pestrichelli, discussing how he's looking at investments in 2023. As always, it's important to have a solid income plan, addressing healthcare costs and taxes in retirement. Link: America in 2040 - Still a SuperPower? https://www.amazon.com/America-2040-Superpower-Pathway-Success/dp/1665500840 Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https://redefiningwealth.info/schedule/ Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/  

Israel, Speaker of the House, US Debt ceiling, and the US border crisis! Get ready for an eye-opening interview on the Invest Well Show with special guest Dave Walker, former U.S. Comptroller. Don't miss out on this opportunity to learn from one of the most knowledgeable minds in the country. Subscribe for more fascinating discussions like this! 0:00 - Intro Dave Walker, former U.S. Comptroller 01:21 - Israel news and is America in 2040: still a superpower? 03:07 - US debt ceiling 2023 - 3 step plan - fiscal responsibility 06:19 - Constitutional amendment 08:50 - Letusvoteforfra.org 09:46 - Speaker of the house removed - Who is next? 14:04 - Israel war explained 2023 17:35 - Fiscal strain from the border crisis. How to deal with it. 31:16 - This is what it comes down to! SOCIAL MEDIA https://www.instagram.com/realmichael...@MichaelWall https://www.facebook.com/RealMichaelWall WEBSITES | COURSES https://www.michaeldwall.com/https://www.leanonthewall.com/ SHOWS https://www.investwellshow.com/ https://www.michaelwallshow.com/https://www.empoweramericashow.com/

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 downtobusinessenglish@gmail.com 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

The north-eastern US has taken on a post-apocalyptic appearance recently, blanketed by smoke from wildfires in Canada. Host Ed Crooks and regular guest Melissa Lott, Director of Research at Columbia University's Center on Global Energy Policy, are both based in New York and saw first-hand the extent of the fires that have been burning in Quebec. In recent years we have seen huge fires up and down the west coast of North America, in Siberia, in central Greece, to name just a few regions that have been affected. The gang discuss the implications of the fires for human health, for the energy system, and for our understanding of climate change.The big news from Washington has been that the US has averted a global financial crisis, thanks to Congress and President Joe Biden coming together to make a deal over the ceiling on the country's national debt. The agreement suspends the debt ceiling to January 2025, meaning the US can avoid defaulting on its debts, at least for a while. The legislation also had some important implications for energy. The generous tax credits for low-carbon energy included in last year's Inflation Reduction Act had been in danger, as Republicans in the House of Representatives moved to repeal them, but in the final deal they were saved.One initiative with plenty of support from both Republicans and Democrats did make progress: the legislation included moves to streamline permitting for infrastructure projects, which could help clear a path for low-carbon energy investments. To make sense of it all the Energy Gang enlisted Robbie Orvis, Senior Director for Modelling and Analysis at the Washington-based think-tank Energy Innovation. Is the legislation that's just been passed going to make a significant difference to the speed at which we can build put low-carbon infrastructure? Robbie's initial reaction is that it's a small step on the way, but it's incremental. Meanwhile, there is a raft of new regulations coming from the Environmental Protection Agency, intended to cut emissions from light and heavy road vehicles, and from power generation. Together the gang examine the proposed rules. What impact will they have? And are new regulations basically an irrelevance in industries that are changing dramatically anyway? Plus: the inauguration of the first ever Energy Gang Book Group. We are picking a book to read together, and the gang will discuss it at the end of the summer.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia's invasion of Ukraine. Plus, Ukraine's attacks such as the Moscow drone strikes are seen as ‘magician's sleight of hand' that deceives the Kremlin and derails Russia's plans. Mentioned in this podcast:Binance loses market share after regulatory clampdownChuck Schumer races to push US debt ceiling bill through Senate by end of weekEurozone inflation falls to lowest level since Russia invaded UkraineMilitary briefing: Ukraine's daring ‘shaping operations' stretch Russian defences Rachman Review podcast: Is the Ukraine War reaching a turning point? The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

On The Trading Floor this week, Piers and I discuss three hot topics:1) Now a US debt ceiling deal has been struck what next for financial markets?2) Stocks are still going up, mainly led by big tech but market commentators keep talking about a narrow market, so what exactly does that mean?3) Apple's next big product The Reality Pro headset, is expected to be announced at Apple's developer conference on Monday 5th June. Smash hit or too late to the party?!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

On Wednesday night the House debated legislation to increase the US debt limit until January 2025, before passing the bill by a vote of 314 to 117, in a rare showing of bipartisan action. It then narrowly passed the Senate late on Thursday night, heading straight to Biden's desk to sign just days before the 5 June deadline. This week, Jonathan Freedland speaks to the congressional reporter for the Washington Post, Marianna Sotomayor. They discuss whether Biden and McCarthy are right to see this as a win, or have they failed by simply giving into the demands of the other side

We get the latest from Washington as Congress gets to vote on raising the debt ceiling. The US would begin defaulting on its $31.4tn debt if the borrowing limit is not lifted by 5 June. Ed Butler discusses this and more of the world's business news with Financial Journalist and broadcaster Salve Duplito in the Philippines and Peter Jankowskis from Arbor Financial Services in the US. (Photo: The dome of the US Capitol Building is reflected in a puddle on a rainy morning in Washington, 2 February, 2012. Credit: Kevin Lamarque/Reuters)

The US House of Representatives debates a bipartisan deal to raise the government's debt ceiling and avoid a damaging default. Also: Russia says heavy shelling from Ukraine is behind its decision to evacuate hundreds of children from Belgorod, and how difficult is it to make tasteless peas?

Lawmakers in the United States are racing to get a key debt ceiling bill through both chambers of Congress and signed into law. The Treasury Department says June 5th is the day they would no longer be able to pay the nation's bills. On today's show we dig into one key element of the deal – climate policy. Environmentalists are warning that this deal could have significant ramifications for the climate because it fast-tracks a controversial gas pipeline in West Virginia. Climate expert Michael Gerrard joins us to break this down.  Also on today's show: Candace Rondeaux, Director, Future Frontlines; Isabel Kershner, NY Times Correspondent in Jerusalem and Author, "The Land of Hope and Fear"; writer/filmmaker Nida Manzoor To learn more about how CNN protects listener privacy, visit cnn.com/privacy

After months of negotiations Congress finally votes on raising the US Government's $31.4 trillion debt ceiling. Ed Butler gets the latest from the vote and hears how it will affect those most in need. As inflation in Sri Lanka falls 10%, but remains high at 25.2% we speak to the country's finance minister, Ranjith Siyambalapitiya. And how much is the Women's World Cup worth? FIFA is threatening a blackout if broadcasters don't improve their bids.

This week we dive deep with our easy-to-understand explainer on the US debt ceiling crisis, plus a report from Spain on boat-bumping orcas (yes, killer whales are on the rampage), in Australia they debate K-leather (no idea what that is, well, it's nothing to do with K-pop – you gotta listen to find out more, but here's a clue: it's a debate that keeps “bouncing around”) and for anyone bickering over who in their house does the most chores, we have a special report on a new app offering some help.  

On this weeks episode, the guys are digging into all the ways that our current culture seems to be deteriorating. They talk about the "tuck" controversy that is currently plaguing Target stores; they discuss how BLM has gone bust, even after hundreds of millions in donations; and they talk about the US Debt Ceiling deal, and how it will probably be a bust for both sides. (emeraldcitypodcast@gmail.com)

In the United States, the legislative limit on the amount of national debt that can be incurred by the US Treasury has reached its absolute limit. As it stands, the US government is limited by law to borrowing no more than $31.4 trillion, this debt ceiling is routinely reached, but once that happens Congress can simply vote to raise the ceiling and allow the US to borrow more money, and thus continue to pay the nation's debts.This time around, Republicans have put pressure on President Joe Biden by refusing to raise the debt limit unless they see some tangible federal spending cuts imposed as well as assurances on future spending. A preliminary deal has been struck, named the Fiscal Responsibility Act, it would suspend the debt ceiling until 2025. It must be voted through the House of Representatives later today before it can make its way to the Democrat-controlled Senate later this week.Will the deal satisfy both sides? And what would happen if the US defaulted on the debts it owes? Host Ciarán Hancock is joined by Irish Times Washington Correspondent Martin Wall and Jack Kelly, Senior Contributor to Forbes and Chief Executive of recruitment firm Wecrutir and The Compliance Search Group. Hosted on Acast. See acast.com/privacy for more information.

After months of negotiations... Today congress will vote on the deal reached by Speaker McCarthy and President Biden...Will Speaker Kevin McCarthy get the votes needed? D2 speaks with Lindsay Watts, ABC News Correspondent in Washington about the latest details. See omnystudio.com/listener for privacy information.

Money Ed Podcast 92: The US Debt Ceiling by Whitman Ochiai

Prior to Asia markets open, major headlines came out of Washington that a debt ceiling deal had been made - and Asia equity indices, particularly in Japan, had traded positively on the day. With the US and parts of European markets closed for holiday, Asia was the only barometer of market reaction. But, just how much of the upside was due to the debt ceiling, if any? After all, China and Hong Kong had yet another down day, and the Nikkei 225 Index has been clocking in new three-decade-high levels throughout the month. Weston Nakamura points to the real driver of equity markets today - continued bullish momentum on A.I. and semiconductor related themes, as markets largely shrug off the US debt ceiling, until forced to do so. -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Global markets have rallied after a tentative deal by US lawmakers to lift its debt ceiling averting what could be a default in the world's largest economy and oil producer. SBS Finance Editor Ricardo Gonçalves speaks with Elio D'Amato from Stockopedia for more, plus Rhayna Bosch talks with Chris Sheehan from NAB about the spike in selling scams in online platforms like Facebook Marketplace and Gumtree.

On this Episode of Pounding The Table @AviNMash and @JoeySolitro discuss the US Debt Ceiling, advancement of Ai and how companies are benefiting or being left behind.  Exploring Go Woke Go Broke and how Target and ABInbev lose ~30B in Market cap and Earnings Companies Discussed:Nvidia, Target, SentinelOne, Crowdstrike, ABInbev, Google, Meta, OpenAi, Twitter, Apple, Netflix, Zscaller, C3ai DISCLAIMER: The thoughts and opinions expressed on this podcast, [Podcast Name], are solely for entertainment purposes and should not be construed as investment advice. The content provided is based on personal experiences, analysis, and general knowledge about stocks and the financial market.The information shared on this podcast is not intended to be a substitute for professional financial advice. Listeners should always consult with a qualified financial advisor or professional before making any investment decisions. Investing in stocks and other financial instruments carries inherent risks, and individuals should carefully consider their own financial situation, risk tolerance, and investment goals before engaging in any investment activities.The hosts and guests on this podcast are not licensed financial advisors or professionals. They are sharing their personal opinions and experiences, which may not be suitable for everyone. The accuracy, completeness, and timeliness of the information presented cannot be guaranteed, as the stock market and investment landscape are subject to constant changes.Any actions taken based on the content of this podcast are done at the listener's own risk. The podcast hosts, guests, and producers assume no responsibility or liability for any investment decisions, losses, or damages incurred as a result of the information provided on the podcast.

With less than a week to go until the deadline is breached, we find out how close we are to a deal between the Democrats and the Republicans. Rahul Tandon gets the economist perspective on how the deal can get over the line. After a year of strikes and union action, we speak to the General Secretary of the European Trade Union Confederation, which represents 45 million workers across the continent. And we heard from Barcelona, where the city's status as a tourist magnet has come under scrutiny.

Hosted by Creative Planning Director of Financial Education, Jonathan Clements, and President, Peter Mallouk, this podcast takes a closer look into topics that affect investors. Included are in-depth discussions on financial planning issues, the economy and the markets. Plus, you won't want to miss each of their monthly tips!Important Legal Disclosure: creativeplanning.com/important-disclosure-information/Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Check out the Prometheus platform for more expert financial content. Invest in alternatives and become a better fund manager.Download the iOS appDesktop appwww.prometheusalts.com(0:00:07) - The Future of TrustUS debt ceiling debate, increasing interest payments, inflation, Biden's strategy, potential implications of default discussed.(0:07:43) - Fed Tools and Tech's Economic ImpactUS debt ceiling, Fed tools, 'printing press', GFC, human trust, and technology's speed are discussed.(0:13:12) - Chat and AI Transformation PowerChat GPT is a transformative technology used to facilitate projects, create content, and quickly assemble syllabi.(0:21:40) - AI's Implications for Productivity and InvestmentAI and GPT are transforming markets, accelerating vaccine development, aiding professional investors, and helping retail investors access alternative data.(0:27:19) - AI and Blockchain Power and Potential(0:36:00) - Crypto Value and Adoption FutureCrypto assets, fraudulent activity, adoption of crypto as payment, and AI/chat GPT are discussed in relation to the potential of a Ponzi scheme.(0:41:47) - Crypto Investment Future(0:48:52) - AI and Trust in Banking(0:58:33) - Python, Creativity, and Health HacksAI, recipes, investing, diet, breathing, mind-gut connection, and virtual reality are discussed to help users become more creative and age gracefully.(1:16:30) - Household Deposits and the Economy(1:23:31) - AI and the End of Scarcity

Good morning and welcome to Law and Legitimacy! To the returning viewers, subscribers, and habitual LAL Sharers, we are extraordinarily grateful and humbled that you choose to spend your time with us. To the new viewers, subscribers-in-training, and future LAL evangelists, we are honored to have you. Last night, the Boston Celtics avoided the embarrassment of a sweep by the Miami Heat by pulling out a win in Miami. The Eastern Conference Finals matchup now stands at 3-1. Can Boston do the unprecedented in NBA Playoffs history by overcoming a 3-0 deficit and triumph in the series? There is only one way to find out. Today, Norm and Mike take on a couple of key topics in America's ongoing struggle to re-legitimate its governing institutions, corporate culture, and the social fabric that binds the otherwise pluralistic nature of its society: › The United States and the Debt Ceiling — this was a recurring theme of Donald Trump's presidency and the public perhaps learned more about the discretionary spending category in those four years than at any other time in American history. What is going on now? › Daily Wire Reports: Former AB InBev President, Anson Frericks, says that the Bud Light brand is in for "a long, hot, dry summer." As the Co-Founder and President of Strive Asset Management—the anti-ESG asset management firm co-founded by Vivek Ramaswamy—Anson articulates the quasi-permanent nature of Bud Light's problem within the context of environmental, social, and governance scoring, and within the context of an American consumer that senses its own power to participate in a boycott that will actually work. Join us. For the rest of the year, creators will receive 100 percent of the revenue from the purchase of monthly subscription badges, which Rumble recently launched for the price of $5 per month. Please consider purchasing a subscription badge to LAL and be assured that LAL will receive every penny of that subscription through the end of the year. Your consideration and patronage is most sincerely appreciated! Daily livestreams beginning at 8:00 am EST on: › Rumble: https://rumble.com/user/LawandLegitimacy › Youtube: https://www.youtube.com/@lawandlegitimacy › Twitter: https://twitter.com/PattisPodcast Subscribe and turn on notifications! Support Law and Legitimacy: - Locals: https://lawandlegitimacy.locals.com/ - Twitter: @PattisPodcast, @PattisNorm, and @MichaelBoyer_ - Subscribe on Apple Podcasts, Google Play, Audible, Spotify, or wherever you receive podcasts and rate LAL 5 stars. - Subscribe here on our Rumble and Youtube channels, give us a Rumble, and join our active community of free-thinkers, contrarians, and the unafraid on Locals!

The United States is facing a looming financial crisis as the debt ceiling deadline of June the 1st approaches. Without a deal, the U-S Government would default on debt payments, which could trigger global recession, freezing of credit markets, stock market declines, and widespread unemployment - all potential outcomes. And Australia would feel the effects.

The US has been in the middle of a crazy political stoush over this thing called the “debt ceiling” for the past few months which has been threatening to blow up and cause ripples around the world… So in this Squiz Shortcut, we look at what a debt ceiling is, why it's become such a big deal now, and how it could play out. Squiz recommends: Jimmy Fallon "slow jamming" about the debt ceiling. A good backgrounder from the Council on Foreign Relations on the whole debt ceiling issue

In this episode of the Family Office Services podcast, Tamer Alamuddin and Christine Wright of Choate Investment Advisors discuss the current U.S. debt ceiling, related political gridlock and fears about financial instability.

US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera is joined by Jessica Khine, Corporate Advisor for the investment firm Astris Advisory in Malaysia and Walter Todd, president and chief investment officer at Greenwood Capital in the US.

In this episode of The Wright Report, Bryan Dean Wright discusses four key issues affecting America and the world. Starting with the ongoing US Debt Ceiling crisis, Bryan offers the latest from Washington DC. The podcast then shifts focus to the situation on America's southern border, with a fact-check on the White House's denial of any crisis. In the third segment, we explore the deployment of American F-16 fighter jets and their pilots to Ukraine. Finally, Bryan discusses China's crackdown on foreign businesses and President Biden's call for closer ties, along with his dismissal of the recent spy balloon saga. The podcast concludes with an intriguing correlation between fitness and intelligence.

US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera hears from Nancy Kimelman, a Professor in Economics at Northeastern University.

Ben and Moe discuss China banning firms from buying from Micron moving forward. Neel Kashkari says the interest rates in the US may need to exceed 6% in order to bring inflation back down. Republicans fight for a 10-year hold on the debt ceiling while Democrats angle to stop the hold at 2 years.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Charles Jansen, Head of DeFi Transformation at S&P Global, and Charles Mounts, Chief DeFi Officer at S&P Global, discuss the US debt crisis. ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.

Dr. Chris Payne, Chief Economist of Peninsula Real Estate explained what he made of these numbers - is that too low a prediction? Plus, we hear from John Lyons of Espace Real Estate to ask if there's been a slowdown in the property market. And, we hear from Sharif El Bedawi- the ex-Silicon Valley investors who's bringing the V-C spirit to Dubai.See omnystudio.com/listener for privacy information.

In this Real Estate News Brief for the week ending May 13th, 2023... some good news about inflation, how a U.S. debt default might impact housing, and a new Gallup Poll on investor preferences.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with two inflation reports from this past week. The first was a report on the Consumer Price Index for April. The CPI shows a .4% rise in consumer prices which is a slight increase from the previous month, but it brought the annual rate below 5% for the first time in two years. It hit a high of 9.1% last summer, but is now down to 4.9%. The core rate, which omits food and fuel, was also down .4%, with an annual rate of 5.5%. Shelter prices rose the most, but those prices are slowing down. It's interesting to note that the three-month annualized rate is now at 3.2%. (1)   Producer prices are also coming down. The Labor Department reported a .2% increase in the Producer Price Index for April, with an annual rate of 2.3%. The PPI's core rate was also down .2% but the annual rate is a bit higher, at 3.4%. As MarketWatch reports: “Inflation is moderating at the consumer and producer levels. This is adding to market expectations that the Federal Reserve will refrain from raising interest rates further at the next meeting in mid-June.” (2)   The Fed's preferred report on inflation, known as the Personal Consumption Expenditure Index or PCE, will play a big role in what the Fed does next. That's coming out at the end of this month.   Weekly jobless claims were a surprise on the upside, with 240,000 people filing for benefits. They were 22,000 higher than they were for the previous week. Economists had only expected an increase of 3,000. That's the highest number of claims since October of 2021. The numbers have been steadily rising since January, for a total of 1.81 million continuing claims. Higher numbers indicate a softening of the job market and slower wage growth which the Fed wants to see in its fight against inflation. (3)   Mortgage Rates   Mortgage rates are still idling in the lower 6% range. Freddie Mac says the 30-year fixed-rate mortgage was down four basis points to 6.35% this last week. The 15-year was down one point to 5.75%. (4) Freddie Mac's chief economist, Sam Khater, says: “A recent sideways trend in mortgage rates is a welcome departure from the record increases of last year.” (5)   In other news making headlines…   Mortgage Rates Would Skyrocket if U.S. Defaults on Debt   As lawmakers haggle over the debt ceiling, there's concern about what would happen if they don't come to an agreement and the government defaults. According to Zillow, it would have a devastating impact on the housing market, with mortgage rates potentially rising to 8.4%. That would increase a typical mortgage payment by 22%. (6)   Zillow says if mortgage rates get to the 8% level, existing home sales could fall from April's 4.3 million to around 3.3 million in September. That's a 23% drop. Zillow's senior economist, Jeff Tucker, acknowledges that a default is “unlikely” but if it did happen, he says it would send the housing market into a “deep freeze.”   It is hoped that President Joe Biden and Speaker of the House Kevin McCarthy will hammer out a deal by June 1st. In a Bloomberg interview, Treasury Secretary Janet Yellen said: “There is no satisfactory solution for the U.S. that's good for the economy and financial markets other than Congress acting to raise the debt ceiling.”   Fed's Rate Hikes Are Now Hurting the Housing Market   Housing economists are not happy about the latest rate hike. The Fed hiked short-term rates another quarter point to a range of 5 to 5.25%. The National Association of Realtors' Lawrence Yun and the National Association of Home Builders' Robert Dietz call it “disappointing.” They say the high rates are freezing loan activity and hurting the economy. (7)   They say that consumer prices have been coming down for months and the last rate hike wasn't necessary. Yun says that: “Regional banks are an important source of loans – but they are frozen.” He says: “They are shuffling their balance sheets and figuring out what to do.”   Dietz says that higher rates are making it harder for developers to build homes, which are badly needed to boost inventory. He says: “We need to be building more than 1.1 million homes a year to haVe a meaningful impact on the lack of inventory.”    Real Estate Still a Top Investment Choice, but Lead is Shrinking   A recent Gallup poll shows that real estate is still a top investment choice, but the lead is shrinking. In 2022, 45% of the participants said that real estate is the best long-term investment. This year, that percentage shrank to just 34%. (8)   Many consumers have turned to gold, which has now taken second place and pushed stocks into third. Gold was favored by 26% this year, compared to 15% last year. Stocks dropped from 24% last year to 18% this year. Savings accounts, CDs, and bonds are up slightly but they are still in fourth place.    Gallup asked some of the participants about crypto, but that has lost its luster with the recent collapse of the FTX crypto exchange, and a decline in crypto prices, especially for bitcoin. Only 4% of Americans are choosing crypto. Last year, it was 8%.   That's it for today. Check the show notes for links, and the “Join for Free” button to become a member of RealWealth. It's free to join, and you'll have full access to our website including our investor portal where you can check out various rental property markets and find out how to make real estate work for you in this tough environment.   And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/u-s-consumer-price-inflation-cools-to-lowest-rate-in-two-years-in-april-ef69d854?mod=home-page   2 - https://www.marketwatch.com/story/u-s-april-producer-prices-rise-2-3-over-past-year-smallest-increase-since-january-2021-8afa903e?mod=economy-politics   3 - https://www.marketwatch.com/story/jobless-claims-hit-264-000-in-latest-week-highest-level-since-last-october-d63852a4?mod=economy-politics   4 - https://www.freddiemac.com/pmms   5 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-are-steadily-edging-downward   6 - https://therealdeal.com/national/2023/05/12/us-default-would-send-mortgage-rates-past-8/   7 - https://www.nar.realtor/magazine/real-estate-news/housing-economists-fed-policy-now-hurting-real-estate   8 - https://news.gallup.com/poll/505592/real-estate-lead-best-investment-shrinks-gold-rises.aspx?utm_source=google&utm_medium=rss&utm_campaign=syndication

Economist Jim Power joins Eamon to talk about the global impact if the US Congress fails to suspend or raise the Debt Ceiling before 1st June. Also as Ireland's tax receipts reach record highs what should the government do with the money?Recorded on Tuesday 16th May 2023. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.

Discover the keys to financial success in our latest episode of "The Golden Life." Listen as Andrew and Mo explore three essential topics: understanding your personal inflation number, the importance of budgeting, and the latest updates on the US debt ceiling. Learn how personal inflation affects your finances and gain practical tips for managing it. Uncover the power of budgeting and its role in achieving financial stability. Lastly, stay informed about the US debt ceiling and its potential impact on the economy. Reach out to Andrew and Mo at 800-419-6164 or https://www.assetmg-inc.com/See omnystudio.com/listener for privacy information.

In this episode of CEO Perspectives, tune in for a timely conversation about the US debt ceiling debate—both the consequences of inaction and recommendations for averting a crisis. The conversation features Dr. Lori Esposito Murray, President of the Committee for Economic Development, the public policy center of The Conference Board (CED), and Dana Peterson, Chief Economist at The Conference Board, and is hosted by President and CEO Steve Odland. Tune in to find out: What economic factor has significantly raised the stakes of this debt ceiling debate? What agreements are being considered between the two parties?  If the US defaulted, what would be the economic consequences both domestically and globally?  How are these drawn-out negotiations impacting the US economy and the country's reputation around the world?  What steps can Congress take to put the nation's proliferating debt on a downward and sustainable trajectory?

House Speaker Kevin McCarthy said he thinks the country needs a deal to raise the federal debt ceiling by this weekend. President Biden says he's optimistic about reaching a deal. The two are scheduled to meet again on Tuesday. Encounters at the US southern border have dropped sharply over the past few days. With Customs and Border Patrol reported an approximately 50 percent decrease in encounters compared to the days before the Title 42 border authority expired. It is National Police Week here in DC. We'll hear from today's memorial that honored law enforcement officers who have lost their lives in the line of duty. Learn more about your ad choices. Visit megaphone.fm/adchoices

CRITICAL, CURRENT ARTICLES RAT-A-TAT-TAT Transgender Suspect With Communist Manifesto Arrested For Planning Shootings At Schools, Churches: Police Voting Rights CHANGED – Decision Overruled By Court Biden Scandal Is “Biggest Foreign Corruption Scandal in American History” Says WH Advisor 3,000 Dutch Farms Will Be SHUT DOWN Israeli Whistleblower With Info On Biden […] The post History Of The US Debt Ceiling…Economic Lies Your Government Tells You…Cadavers Crooked Capers…Divorce Looks Better Every Day appeared first on On the Right Side Radio.

President Joe Biden's attempts to come to an agreement with Republican leaders about raising the US debt ceiling. Both sides conclude talks without reaching an agreement. Mr Biden wants to meet again to prevent the looming risk of an unprecedented government default. Protests take place in Pakistan after the arrest of former Prime Minister Imran Khan. His supporters come out onto the streets leading to more unrest in a country that is still trying to secure an IMF deal. Twice as many people travelled in the first three months of this year compared with the same time last year according to research. A UN report suggests that overall, international travel is back at 80% of pre-pandemic levels. Presenter Sam Fenwick is joined on the programme by Satoshi Shimonda a Senior Journalist at the Japanese based Nikkei Asia newspaper, and also by Alison Schrager, a Senior Fellow at the Manhattan Institute and columnist at Bloomberg Opinion to discuss these and other business stories from across the world. (Picture:US President Joe Biden speaks with the media after meeting with Speaker of the House Kevin McCarthy, Source: Photo EPA/BONNIE CASH Pool )

Rahul Tandon is presenting and in the programme he is looking into the US president, Joe Biden and the House and Senate leaders of both parties will meet in the White House today to try to break the deadlock over the country's debt ceiling. The Republicans have said they are happy to extend the debt ceiling - but only if President Biden cuts his spending. Chinese officials say they have searched the office of a US consultancy, Capvision, to protect China's own security and development interests. It comes after they investigated another American firm, Bain & Company, and detained Chinese employees of Mintz Group in March. The African Continental Free Trade Area (AfCFTA) agreement is expected to connect some 1.3 billion people under a single market for goods and services. But the initiative is facing challenges including free movement in the continent.

This week in Asian American politics:  The United States wants to add more military bases in the Philippines as the relationship with China deteriorates. It'd be like if you got your friends to follow your current partner on social media because you're about to break up with them and you'd like to block. Except instead of social media, it's military bases. Also your friends are the offspring of a former dictator.  Do you have a bad credit score? Maybe your credit card bill is kinda lengthy? You're not alone—so does the United States! Treasury Secretary Janet Yellen warns that the government needs to figure out if we're going to raise our own credit limit or just default on our national Amex. We discuss the Writers Guild Association's (WGA) strike. It's the first one in 15 years or 2007. Roughly 11,500 writers across the industry have put down their pens and picked up picket signs. What are their demands? How will this affect you? And what's different this time?  Tou Thou, the last cop involved in George Floyd's murder has been convicted and sentenced to jail. Thou's defense was claiming he didn't know Floyd had stopped breathing. Thing are not great when your defense is that you're bad at your job.  -- WHAT'S POLITICALLY ASIAN PODCAST? Two Asians talking about politics and the Asian American community to get more Asians talking about politics! Join comedians Aaron Yin (he/him) and Gerrie Lim (they/them) for 45 minutes-ish each week as they discuss current topics and events related to Asian Americans through the lenses of history, class, and advocacy. Think John Oliver's show, but there's two of us, and we're Asian. -- CHECK US OUT ON SOCIAL MEDIA: Our memes are so good Asian people will mention them when they meet us in real life. Instagram: https://instagram.com/politicallyasianpodcast/ Twitter: https://twitter.com/politicasianpod Website: https://politicallyasianpodcast.com -- INQUIRIES: politicallyasianpodcast@gmail.com -- SUPPORT US ON BUY ME A COFFEE (currently fundraising for episode transcription services and a video editor): https://buymeacoffee.com/politicalasian -- MUSIC by Clueless Kit: https://soundcloud.com/cluelesskit Song title: live now -- ALGORITHM? Chinese American Politics, Korean American Politics, Japanese American Politics, South Asian politics, Asian American politics, AAPI politics, Asian American Political Alliance, Asian American leader, Asian American Protests 1960s, Asian American policy, Asian leftist, Asian American leftist, Asian American leftist podcast

The G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, and education companies are struggling after a warning over ChatGPT. Plus, the FT's deputy Washington bureau chief Lauren Fedor explains what's at stake if the US doesn't raise its debt ceiling. Mentioned in this podcast:Russia's energy sector hit as Kremlin forced to increase taxDebt ceiling diehard in rural Virginia vows to ‘call Democrats' bluff'Yellen warns of ‘constitutional crisis' over US debt ceiling impasseEducation companies' shares fall sharply after warning over ChatGPTCredit: The debt ceiling must be raised to avoid 'economic calamity': Janet YellenThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

5.1.2023 ##RolandMartinUnfiltered: Turmoil In East Africa, 2024 Election Season, Black Book Stores Publishing Co Snubs, US Debt Ceiling House Speaker Kevin McCarthy introduced the Limit, Save, Grow Act of 2023, which will raise the debt ceiling by $1.5 trillion for about a year and decimate student loan forgiveness, some Veteran Affairs Benefits, and other social programs. We will explain how this will impact your pockets. The 2024 U.S. presidential race is heating up as candidates enter and exit the campaign trail. We'll discuss what's at stake and how each candidate is trying to engage voters in 2024. Turmoil and tragedy are rising in East Africa as the region faces severe droughts and political upheavals. We will describe what's happening on the ground and what needs to be done to ensure peace. Black bookstores are being snubbed by publishing companies. We will speak with Tulsa and New Orleans bookstore owners about being overlooked and shut out of economic and promotional opportunities. An Ohio Barber has gone viral for giving kids with special needs a safe space to get great haircuts. We will speak to him about how he believes more accessibility to grooming is needed in the beauty industry. Download the #BlackStarNetwork app on iOS, AppleTV, Android, Android TV, Roku, FireTV, SamsungTV and XBox  http://www.blackstarnetwork.com The #BlackStarNetwork is a 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.See omnystudio.com/listener for privacy information.

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This week on The Capitalist Investor, wealth advisor Dave Abate was invited to discuss current news and events related to the economy. He shared his perspective as an adviser and a planner, offering insight into how the current economic climate could affect clients. Dave discussed the testimony of JP Powell and the fallout from it, the debt ceiling and Social Security being directly related to the talk. Tony the Tiger was also present to offer insight and humor. Dave discussed the continuing rate hikes, saying that a pivot is not likely anytime soon and that it'll have to be a quick one when it does happen. The conversation delved into the surprise that the market has in reaction to Federal Reserve chair Jerome Powell every time he speaks. This is because he has been repeating the same message for the past six months, that interest rates will stay higher for longer. Senator Elizabeth Warren called out Powell for wanting to increase unemployment by 1% in order to increase inflation. The discussion then shifted to the mortgage industry, which will feel the impact of the higher interest rates, as the cost of a 30-year mortgage has since increased by 60% from 18 months ago. The conversation ended with a reminder of how rising interest rates make it difficult for people to own a home, as the cost of a $1500 mortgage is now $2400.The conversation centers around the real estate market and how it has been impacted by the pandemic. It is noted that 18 months ago, a $400,000 house would have been reduced to $250,000 in order to have the same monthly payment. It is also noted that the mortgage industry makes up 15% of the GDP and it is likely to take a hit in the coming months. The speakers discuss the potential of finding distressed sellers in the market, as well as the possibility of taking advantage of the current low-interest rates. They also consider the potential of the Fed's terminal rate rising to 6 or 7%, which would further impact the real estate market. Ultimately, the conversation concludes that the real estate market is likely to see a downturn in the coming months due to the pandemic.The conversation is discussing the unknowns of the mortgage industry and whether or not the Fed will overshoot the rate. The consensus rate has been creeping up for 6-12 months, starting at 4.5 and now at 5.6. The conversation then shifts to how the pandemic has affected the consumer, with many people only buying necessities such as food and not super discretionary items like bikes and TVs. The conversation concludes with the idea that the Fed may overshoot the rate and then quickly pivot to reduce it, likely in the next meeting.0:00:00"JP Powell's Testimony and the Impact on the Economy: A Discussion with Wealth Advisor Dave Abate"0:02:32Analysis of the Impact of Rising Interest Rates on the Mortgage Industry0:04:29Heading: Impact of the Housing Market on Affordability and the Mortgage Industry0:08:43Discussion on the Potential Impact of Rising Interest Rates on the Economy0:10:56Discussion on the Potential Impact of the US Debt Ceiling Crisis0:13:06Discussion on US Treasury Bond Market and US Defense Spending0:16:19Discussion on the US Debt Ceiling, Inflation, and Social Security Reform0:18:15Heading: Exploring Solutions to Social Security Challenges0:21:38Discussion of Potential Solutions to Social Security Funding Challenges0:25:14Heading: Exploring the Possibility of "Bare Minimum Mondays"0:27:39Heading: Exploring the Impact of Quiet Quitting and Working Smarter, Not Harder0:32:35Conversation on Paranormal Experiences

On today's episode, Suze walks us through fears we may have about the US Debt Ceiling and gives an update on an opportunity to secure our money. Take advantage of the Ultimate Opportunity Savings Account with Alliant Credit Union at: https://bit.ly/3vEUTZW Get Suze's special offers for podcast listeners at suzeorman.com/offer Join Suze's Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast! To ask Suze a question, download by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.

Jan 20, 2023 – After this week's market wrap-up report, Financial Sense Newshour speaks with Gene Inger to discuss his technical outlook on the market. Next, energy expert Robert Bryce explains the increasing backlash by rural communities across...

Viewpoint This Sunday with Malcolm Out Loud – Congressman Zach Nunn is here on the inside baseball of Speaker McCarthy's nomination, the bipartisan support against China, and the debate on the nation's debt. Political Analyst Trevor Loudon on Classifying Chaos, and China's recent confession on the death count. Foreign policy expert, IQ al-Rassooli tells us how foreign powers have lost trust in the Biden admin...