IMF warns of U.S. debt crisis: Can the U.S. find a solution soon?
The International Monetary Fund has warned that the U.S. government debt of $35 trillion is putting the global economy at risk. However, as the elevated debt sends fresh worries to the global market, both Democratic and Republican lawmakers are unusually quiet about the issue, even during this election year. How will the mounting U.S. debt affect the global economy? Can the U.S. fix its problem any time soon? And what are the consequences if the U.S. is unable to repay its debt?
Guests in this episode are David P. Goldman, deputy editor at Asia Times; Prof. Iain Begg from the London School of Economics and Political Science; Radhika Desai, director of Geopolitical Economy Research Group; and Kathleen Tyson, founder and chief executive at Pacemaker.Global.
Credit to : CGTN