1/19/23, The Indicator (8:54)
Link: https://www.npr.org/2023/01/19/1150019642/simon-says-were-stuck-with-the-debt-ceiling-encore
Instructors: Click here for link to Teaching Ideas for this episode
Summary: It’s “Debt Ceiling Season!” This means that the federal government is on track to reach the limit to which is approved to borrow. Once the limit is reached, it must cut spending or increase the debt limit. This episode delves into the history of the debt and examples of how other countries manage limits on government borrowing. The suggested Teaching Ideas exercise includes use of FRED data to understand the relationship of the debt, deficit and business cycles over time.
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