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Home > ABC News Daily > The debt ceiling: what happens if the US runs out of money?
Podcast: ABC News Daily
Episode:

The debt ceiling: what happens if the US runs out of money?
Category: News & Politics
Duration: 00:13:22
Publish Date: 2023-05-18 16:00:00
Description: The US economy is in such a crisis, president Joe Biden has had to cancel a trip here next week.  He has less than a fortnight before the nation defaults on its debt - meaning it would essentially run out of money - for the first time ever.  Today, economist Dr Louise Sheiner, from the Brookings Institution in Washington DC, on how America's fragile political system could drag all of us into a recession.  Featured:  Dr Louise Sheiner, senior economics fellow and policy director, Hutchins Center on Fiscal and Monetary Policy, Brookings Institution, Washington DC 
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