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| Name | What Happens if the U.S. Debt Ceiling Is Hit? | WSJ |
| Video Uploader | Video From The Wall Street Journal |
| Upload Date | This Video Uploaded At 09-05-2023 17:30:03 |
| Video Discription | Congress and the White House have to — yet, again — agree to raise the debt ceiling before the default deadline of June 1, 2023. While both parties disagree on conditions to raising it, they both agree that a default can’t happen. Why? Because U.S. debt has become the center of gravity for the economy. Bonds issued by the Treasury are considered the safest investment and therefore the “benchmark” for so many pieces of the financial system. A default would throw the U.S. into a recession, according to Moody’s and other economists. WSJ explains why bonds have become central to the U.S. economy and how a potential default would affect you. 0:00 The debt ceiling debate 1:12 How the U.S. takes out debt 2:26 Why Treasury bonds are the benchmark for investments 3:33 Two default scenarios News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #Debt #DebtCeiling #WSJ |
| Category | News & Politics |
| Tags | debt ceiling | default | american debt | debt ceiling crisis | united states debt ceiling | debt ceiling 2023 | debt limit | debt ceiling deadline | interest on debt | social security | medicare | tax revenue | price of the dollar | financial news | recession | potential recession | u.s. treasury bonds | bond | municipial bond | corporate bond | treasury bond | interest rate | default on debt | default on debt ceiling | stock market | stock market news | treasury bond market | credit rating | usnews |
