Want to create an interactive transcript for this episode?
Podcast: BiggerPockets Daily
Episode: A U.S. Default Could Be Catastrophic For Real Estate Investors—Here’s What You Need To Know by Andrew Syrios
Description: The financial press is abuzz again about the debt ceiling deadline and the risks of another government shutdown and perhaps a catastrophic default on U.S. debt if an agreement cannot be reached. The ceiling (currently sitting at $31.4 trillion) is set to be hit on June 1. The Washington Post is particularly apoplectic,“Federal workers furloughed. Social Security checks for seniors on hold. Soaring mortgage rates. A global financial system sent reeling… “Leaders from Congress and the White House are trying to forge an agreement to lift the federal debt ceiling, with only a few weeks...