After intense negotiations, a deal between the White House and US House speaker has been struck and a divided Congress is on board. All that is left is the signature of President Biden. But what is the US debt ceiling precisely? And what would have happened if it wasn't raised?

Introducing Economics Echo your new favourite podcast. Real economics for Real life! Featuring your host, Global Economist Walton Mabuto, walking you through the global business and economics stories that make the headlines and assess it's impact on you, your money and society. Each and every episode will help listeners answer questions like How has COVID -19 broken the global economy? What will drive the economy of the future? Is capitalism bad? And much, much more. So, tune in every week for relevant, relatable and entertaining coverage!