The pressure is on for the US Government to potentially raise the debt ceiling.
Because recent tax receipts have been lower than expected, the US Government runs the risk of being unable to meet their financial obligations and defaulting.
Treasury Secretary Janet Yellen has warned that without more borrowing, the US will not have enough money to meet these obligations by June 1.
Milford Asset Management's Deborah Lambie says debt ceiling increases have become a 'political football' in recent years, thus, it won't be an easy fix.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!