Why don’t we know when the U.S. will run out of money?
Marketplace All-in-One - A podcast by Marketplace
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Treasury Secretary Janet Yellen says that a government debt default could happen “potentially as early as June 1.” Kinda wishy-washy, huh? Today, we’ll examine why the variability in government spending and revenue makes it hard to calculate an exact default date. We’ll also look at what goes into credit ratings and how the writers strike is impacting an Atlanta-based costume coordinator.