5/08 - Debt ceiling

Published: May 9, 2023, 1:04 a.m.

The debt ceiling is looming. Treasury Secretary Janet Yellen has said she can only pay the nation\u2019s bills from early to mid June. While at the same time Congress is a mile apart on negotiations. What is the debt ceiling? Why is needed? And what would happen if it is exceeded? We\u2019ll let you know, tonight on the Jon Sanchez Show at 5pm.