What one tiny little loan to the U.S. government shows us about the debt ceiling : Planet Money : NPR

Planet Money’s Treasury Bill

Kenny Malone

hide caption

toggle caption

Kenny Malone

Planet Money’s Treasury Bill

Kenny Malone

The U.S. borrows money constantly. And its reputation as a borrower is rock-solid. If you loan the U.S. government money, you feel very, very sure that you’re going to get it back. But what happens when that reliable reputation is called into question, even a little bit? With a debt ceiling deadline bearing down, we make a loan to the U.S. government. We buy our own tiny slice of government debt. And then something happens that we really didn’t see coming. That story, plus the story of a $12 billion mistake. Music: “It’s Starting Up” and “Rubbery Bounce” and “Avenue A” Find us: Twitter / Facebook / Instagram / TikTok Subscribe to our show on Apple Podcasts, Spotify; and NPR One. Want economics stories from the comfort of home? Subscribe to Planet Money’s weekly newsletter.


Source link

Leave a Comment