In 2011, America’s debt was downgraded following a congressional fight over the debt ceiling.
This caused a major stock market downturn and added $1.3 billion to the government’s borrowing costs.
Now, Congress is barreling toward another debt ceiling battle…and this time the results could be far more severe.
So yesterday, I sat down with Field Notes Managing Editor Ciaran Madden to explain what the debt ceiling is and the potential consequences for you and me if Congress can’t reach a deal to raise it.
Check out the video of our conversation below…
P.S. Life in beautiful, relaxing, culture-rich Europe is far more affordable than most people realize. In Portugal (which ranks #1 on International Living’s 2023 Global Retirement Index), Spain, Italy, France, Greece, Malta, and beyond… a couple can live comfortably for just $2,300 to $3,000 a month. With more than that, you can live very well indeed. A single can expect to cut 20% to 25% off these monthly estimates. And with the recent strength of the dollar, there’s never been a better time to begin your Europe adventure.
To jump-start your Europe adventure, check out IL’s Best of Europe ON DEMAND. It brings you (virtually) face to face with the most knowledgeable experts on life in Europe. They’re reliable, well-respected, and well-connected—the contacts you want on your side when you move to Europe, even if you go part-time. They’ll introduce you to the best destinations for carefree, affordable expat living, walk you through your visa and healthcare options, and more.
Get all the details of Best of Europe ON DEMAND…and a special discount…right here.
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