Understanding the US Debt Ceiling

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.