US House Speaker Kevin McCarthy has released plans to raise the debt ceiling by $1.5 trillion.

This comes as banks are warning the US Government to bring the $31.4 trillion debt ceiling forward.

Sam Dickie from Fisher Funds explained that if the US Government's debt ceiling is breached and the limit isn't raised, the Government could theoretically default on its debt obligations.

Sam Dickie says raise the debt ceiling has been a negotiating tactic frequently used by Republicans during Democratic administrations.

LISTEN ABOVE

US House Speaker Kevin McCarthy has released plans to raise the debt ceiling by $1.5 trillion.
This comes as banks are warning the US Government to bring the $31.4 trillion debt ceiling forward.
Sam Dickie from Fisher Funds explained that if the US Government's debt ceiling is breached and the limit isn't raised, the Government could theoretically default on its debt obligations.
Sam Dickie says raise the debt ceiling has been a negotiating tactic frequently used by Republicans during Democratic administrations.
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.