The pressure is on for the US Government to potentially raise the debt ceiling.

Because recent tax receipts have been lower than expected, the US Government runs the risk of being unable to meet their financial obligations and defaulting.

Treasury Secretary Janet Yellen has warned that without more borrowing, the US will not have enough money to meet these obligations by June 1.

Milford Asset Management's Deborah Lambie says debt ceiling increases have become a 'political football' in recent years, thus, it won't be an easy fix.

LISTEN ABOVE

The pressure is on for the US Government to potentially raise the debt ceiling.
Because recent tax receipts have been lower than expected, the US Government runs the risk of being unable to meet their financial obligations and defaulting.
Treasury Secretary Janet Yellen has warned that without more borrowing, the US will not have enough money to meet these obligations by June 1.
Milford Asset Management's Deborah Lambie says debt ceiling increases have become a 'political football' in recent years, thus, it won't be an easy fix.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.