Default and the economy
The U.S. economy has a tough couple of years, but is showing signs of a slow recovery. But if the federal government defaults on its debt obligations, will it mean a giant step back for the fragile economy?
Economists are not in agreement about what would happen, and we'll talk about possible economic scenarios.
- Art Rolnick: Senior Fellow, Humphrey School for Public Affairs and former Senior V.P. and research director, Federal Reserve Bank of Minneapolis
- Catherine Rampell: economics reporter for The New York Times
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