The U.S. is close to hitting its debt ceiling -- the highest level of federal debt that the U.S. government can accumulate. As of January 2023, both the total U.S. national debt and the debt ceiling were US$31.4 trillion. What happens if the U.S. breaches the debt ceiling? Could it bring down the U.S. stock market? Would it also spill over and cause a global recession? We discuss this and more in this episode.

00:00 Introduction
02:22 What happens if the U.S. defaults?
04:26 Has it happened before?
08:08 Market opportunity

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