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Did the debt ceiling deal really save the US from bankruptcy?

Geopolitical Economy Report

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Introduction

Radhika Desai and Michael Roberts join us to discuss the debt ceiling drama in Washington. With just days to go before the day that the Treasury Secretary Janet Yellen said the US would run out of cash to meet its obligations, a bipartisan deal has been reached. But as more commentary is recognizing other slow moving disasters that will affect the US political system have not been averted. If anything it seems as though the deal is simply setting the stage for all these different sorts of crises to accumulate and to erupt at later stage. So we propose to uncover these unresolved issues in a broader discussion that will range over some very key questions.

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