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	Podcast:		Nightly Business Report
	Episode:		Debt Ceiling: Political Rhetoric or Real Risk? Life Time CEO on Student Loan Debt Exposure, and Portillo’s CEO on What’s Next 5/8/23
	Category:		Business
	Duration:		00:43:56
	Publish Date:		2023-05-08 18:40:02
	Description:		Warren Buffett says he’s not worried about a US debt default, but if 2023 shapes up to be a repeat of 2011, equity investors could be in for a world of pain. So is the debt ceiling showdown just political rhetoric or a signal to move to safety? We discuss. With the sunset of the Covid-era student loan payment moratorium, Wells Fargo named fitness brand Life Time as one of the companies most exposed to that debt. The Life Time CEO sounds off on those claims. Plus, Portillo’s shares under pressure on disappointing earnings, but management sees input costs falling as inflation cools. CEO Michael Osanloo has what’s next for the fast casual chain and its customers.
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