3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The US Debt Ceiling Is at 31.4 Trillion

The us debt ceiling is at 31.4 trillion currently Treasury Department recently warned the federal government could be unable to pay its bills as soon as june first Fitch put the us credit rating, which is the highest rank of triple a on negative watch So negative watch means It's trending towards bad and that it's imminent that they might lower it due to this debt limit deadline. The last time the us credit was downgraded was in 2011, but we avoided that And what's going on here? What do you think the eventual outcome in is there a chance that these? Knuckleheads who represent us are going to default and cause chaos or do you think this is all kabuki theater

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