*Video Link In Article* Bonds Are the Core of the U.S. Economy; Why a Default Would Be ‘Catastrophic’

The U.S. doesn’t just have to default to wreak havoc on the economy

The debt ceiling is currently being debated by both Democrats and Republicans and while they may have differing opinions on the matter, they agree on one thing – that a default would have disastrous consequences for the economy. But what exactly makes U.S. debt such a crucial element of the economy? The Wall Street Journal breaks it down and provides insight into why this issue is so significant. To illustrate this, a photo illustration by Madeline Marshall is included.

https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=B7580A71-F7F7-4550-AE54-A27FCC32B02D

Please click the Link or Image to watch the informational video by our good friends from Wall Street Journal.

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Responses

  1. Thanks for sharing. I interpreted Fed Powell’s response to the debt ceiling question as a definitive 100% they will raise the debt ceiling and there’s no way in hell they even want to be talking about the US defaulting on its debt obligations.

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