CNN 5 Things cover image

One Thing: Should Congress Ditch the Debt Ceiling?

CNN 5 Things

00:00

The Impacts of the House Budget on the Economy

A lot of people, both the investment world and others felt that Congress would come to a deal. So there wasn't a mass freak out. If we started missing payments, that would be a major issue for individual Americans. We already saw borrowing costs for short-term treasuries rise because people were afraid to hold onto the treasuries.

Play episode from 13:46
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app