Spending Cuts vs Borrowing: Fixing the Debt Limit | Sunday Extra
Morning Wire
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Understanding Public and Foreign Debt: Implications of Borrowing
This chapter explores the differences between public debt and foreign debt, focusing on the significant portion of U.S. debt held by foreign nations like Japan and China. It also discusses the economic ramifications of borrowing from abroad, including the risks of default and the urgent need for legislative action to manage the debt ceiling.
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Transcript
