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

PBS, 24 May 2023
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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