CLEAN : 'It's like playing with fire,' explains economist as US debt crisis looms

The video discusses the implications of the U.S. debt ceiling, highlighting the potential for a recession if the ceiling is not raised or suspended. It reviews past instances of debt ceiling suspensions and their market impacts, such as the 2011 S&P downgrade. Current measures to manage the debt ceiling are explored, along with potential future budget resolutions. The economic impact of passing infrastructure and reconciliation bills is analyzed, emphasizing their importance for GDP growth.

What are the risks associated with Congress delaying decisions on the budget and debt ceiling?

How might the passage of the infrastructure and reconciliation bills affect GDP growth?