Economy Is at 'Point of Significant Danger,' Says Orszag

The transcript discusses the economic risks associated with withdrawing government stimulus, the potential for a second wave of corporate bankruptcies, and the challenges faced by countries with sovereign debt issues exacerbated by the pandemic. It also touches on the US fiscal policy and the necessity of running a fiscal experiment to support the economy during the pandemic.

What challenges are sovereign nations facing in relation to their debt during the pandemic?

What is the significance of the Congressional Budget Office's report on the deficit?