Blackstone's Schwarzman: US Needs Next Generation of Political Leaders

The transcript discusses the ongoing concerns about the U.S. debt ceiling and the potential risks of default. It highlights the political dynamics within Congress, particularly focusing on the Republican Party's stance and the perceived disunity. The conversation also touches on the need for new leadership in the Republican Party, reflecting on past election losses and the public's desire for change.

What historical context does the speaker provide regarding the use of the debt ceiling?

In what ways does the speaker believe the public has expressed a desire for change?