There's A Debt Ceiling Agreement ... For Now
FiveThirtyEight Politics
00:00
The Effects of a Short Debt Ceiling Breach on the Economy
Millions of Americans rely on money directly from the federal government. A default could raise interest rates and cause turmoil in an already weird housing market. Moody's calculated that a short debt ceiling breach would cause a 0.7% decline in real GDP, raising unemployment to 5%.
Transcript
Play full episode
