How will the debt ceiling be resolved?
Macro Bytes
English - May 26, 2023 15:00 - 31 minutes - 21.6 MBInvesting Business News Politics politics economics news fiscal policy investments innovation financial services finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Why Asia is winning the race for global growth
Next Episode: Is China’s recovery stalling? – with Jon Anderson
The US is facing another debt ceiling stand-off, with very high stakes for the economy and markets. Paul and Luke talk to James McCann, Deputy Chief Economist at abrdn, and Lizzy Galbraith, Political Economist, about the current impasse and how it could be resolved. They discuss the history of the debt ceiling, the likely shape of a deal, the impact of possible spending cuts on the US economy, and the worst-case scenario of a US debt default.