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Most people don’t know that the government has hit the debt ceiling and the Treasury Department is struggling to balance the finances. What does this mean for the rest of America?
In this episode, Royal Standley explores what it means to hit the debt ceiling and why it is a big deal if there is no solution. He shares how hitting the debt ceiling impacts different levels of individuals, from government bodies to regular consumers, and how it impacts financial planning.
Royal focuses on:
- What debt ceiling is and why was it created
- Conservative versus Liberal viewpoints on the amount of debt owed by the government
- What could be a resolution with two conflicting parties
- What can listeners do with their own finances to guard against this type of scenario