9 May 2023
Morning Shot: Will the US default on debt?
The US government could start running out of money within weeks unless it allows itself to borrow more. Coming against that backdrop, US Treasury Secretary Janet Yellen has warned that failure to raise the US' debt ceiling could have dire consequences.
Ahead of US President Joe Biden's meeting with congress leaders on the issue, Peter C Earle, Economist and Research Faculty at the American Institute for Economic Research takes a deep dive into technicalities behind the debt crisis.
This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)

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