What Happens if America Defaults on its Debt? (with Jason Furman)

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 1 February 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

America’s debt represents every deficit that's been run by every president, from George Washington to Joe Biden. Now, there’s a showdown between the White House and Congress over whether or not the House will vote to lift the debt ceiling as they've done dozens of times in the past. Andy gets specific with Jason Furman, who was an advisor to President Obama during the 2011 debt ceiling debate, about how we got here, whether our debt is too high, and what actually happens if America defaults on its debt.

Keep up with Andy on Twitter and Post @ASlavitt.

Follow Jason Furman on Twitter @jasonfurman.

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Transcript

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	...

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