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May 23, 2023

Which dominoes fall first if the debt ceiling is breached?

As negotiators try to avert a U.S. government debt default, there are questions about what spending would be first on the chopping block in a doomsday scenario. We look at how a potential debt limit breach could play out, starting with benefit checks and public sector salaries. Plus, a check-in with Dr. David Kelly, Chief Global Strategist at JPMorgan Funds, about how investors think the Fed should act at its next interest-rate-setting meeting. And finally, This is Uncomfortable host Reema Khrais tells us about the podcast’s most recent season delving into the business of women selling their eggs. 

Which dominoes fall first if the debt ceiling is breached?
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Segments From This Episode

  • What happens to benefit checks if there’s no deal on the debt ceiling?

    by Samantha Fields
    Speaker of the House Kevin McCarthy is scheduled to meet with President Joe Biden to continue debit limit negotiations. Experts agree that a default would cause a massive pause on regular government payments to individuals in need.
    Chip Somodevilla/Getty Images

    Supplemental Security Income payments and veterans ‘payments could be among the first checks to be delayed.

  • Investors think the Fed should pause rate hikes, but will it?

    by Nancy Marshall-Genzer

    We talk with Dr. David Kelly, Chief Market Strategist at JPMorgan Funds, about how investors are feeling about the future of interest rates.

  • What comes after a woman donates her eggs?

    by Reema Khrais and Nova Safo

    Marketplace’s Nova Safo speaks with This is Uncomfortable host Reema Khrais about the struggles some women face after giving their eggs.

The Team

Which dominoes fall first if the debt ceiling is breached?