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Economist Mark Zandi on the potential impacts of the U.S. defaulting on its debt

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The impact of the U.S. defaulting on its debt would be felt by many Americans. It could include suspension of Social Security checks or a loss of food stamp benefits, to name just a few. Many economists argue it would be devastating to financial markets, tipping the country into a recession and creating global turmoil. William Brangham discussed that with Mark Zandi of Moody's Analytics.

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Category
U.S. & Canada
Tags
Debt ceiling, Kevin McCarthy, biden
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