CSPAN Washington Journal Mark Zandi Discusses The Debt Ceiling And Wall Street August 23, 2017
Billion a year. That means about raising the debt limit, we wont be able to pay bills worth about 700 billion. That means Social Security recipients, defense contractors, that means bondholders, a lot of different people. It will affect everybody there very significantly if we dont raise the debt limit. Host what would it mean for the u. S. Federal government, our Credit Rating if that doesnt happen . Guest not speaking for the Rating Agency, but i suspect it would mean a lower rating. You can remember back in 2011, we had another scare with regard to the debt limit. We ultimately raise the de...