CNN CNN Newsroom June 4, 2024 20:16:00
Most importantly, it could set off a global financial crisis because right now u.s. debt is considered the safest of safe assets. it is virtually risk-free. every other investment on earth, every other asset is benchmarked against our lack of risk, essentially. so if we prove ourselves to be unreliable and risky borrowers, that sets off this sort of chain reaction in other financial markets, and you can see shock waves of panic throughout the world. i hope we don't get to that point to be clear. it could be devastating if we're worried about a recession this year. >> thank you for spelling tha...