Even if we don't default, isn't it understandable that our credit rating would take a hit? Because people buy this debt, especially foreigners, specifically because it's risk-converation. The way they were flirting with default and even entertaining that idea is just not the optics that you want when you are selling yourself as the ultimate risk-free asset in the world. I have seen some of those politicians coming out and make the point that they shouldn't accept this deal. But there's no doubt the IMF as well making the warning last week that the US has got to get its physical house in order. A big finger wag from the IMF. You've got to be scared
Bloomberg Intelligence Senior Global Banks Analyst Alison Williams discusses Jamie Dimon saying pursuing a political career has crossed his mind amid speculation about what might come next for the chief executive officer of JPMorgan. Angela Stent, Senior Fellow at Brookings Institution shares her thoughts on Russia downing eight drones aimed at Moscow early Tuesday. Brendan McCluskey, Principal at Trident Builders, talks about building affordable and climate friendly homes. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Global Economy Reporter Enda Curran share the details of the Businessweek story Debt-Ceiling Deal to Have Little Impact on Economy—or the Debt. And we Drive to the Close with Ann Miletti, Head of Active Equity at Allspring Global Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.