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this video is sponsored by morning Brew visit a link in the description below to sign up for their daily newsletter today the US federal government is at its debt ceiling of 31.46 trillion US Dollars the maximum amount the treasury is able to borrow in order to meet its Financial Obligations since first hitting the ceiling in January Jamie Ellen the treasury secretary has been using Extraordinary Measures to keep the government running things like moving cash around or suspending investments in order to prevent a total shutdown something thats only expected to last until some point between July and September if things arent resolved by then we could see the US government default on its debt something that would likely cost the economy dearly it all sounds pretty dire doesnt it indeed a default would be a severe situation for the us weve seen firsthand how countries like Greece and Sri Lanka can be crippled by missing payments on their debt obligations but as scary as the headlines
