Is America Going to Default on Some of Its Debt?

As Republicans play chicken with the debt ceiling, could America suffer a Liz Truss-esque financial meltdown? Alex Andreou speaks to Neil Malhotra, a professor of political economy at Stanford Graduate School of Business, to discuss this financial showdown being played out by Congress. 

• “Republicans see it as part of a game – this is an opportunity to extract concessions.” 
• “It’s like Liz Truss’ financial plans, it’s hard to know what might happen.” 
• “As you found in the UK – what happens first is that the markets anticipate everything.” 
• “If you’re willing to let the country go down, you’re in a much stronger negotiating position than if you’re not. Republicans are in a stronger position because they’re viewed as though they’d tank the whole thing.” 

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Presented by Alex Andreou. Music and Audio Production by Jade Bailey. Lead Producer: Jacob Jarvis. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production

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