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The U.S. Faces a Major Debt Problem
New Money The Democrats and Republicans have reached an agreement in principle to raise the U.S. debt ceiling. This comes after Treasury Secretary Janet Yellen announced that the United States would officially run out of money on June 5th. Today, the bill gets taken to Congress for a vote. Will the U.S. be able to put aside its political differences for the greater good of the country? Or will they cause a global recession and a major stock market crash?
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★ ★ CONTENTS ★ ★
0:00 An Agreement In Principle
1:08 The Debt Ceiling Explained
4:28 What's the Problem?
5:55 The Negotiations
8:47 The Proposed Bill to Raise the Debt Ceiling
9:58 Was a Deal Inevitable?
10:42 Warren Buffett's Opinion
11:17 Pushing it to the Limit.
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
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