Ken Griffin: Volatility Will Spur Debt Limit Compromise

The video discusses the lack of common ground between political parties, emphasizing that a compromise is unlikely until market volatility forces action. It explains the potential consequences of a U.S. debt default, including increased interest rates and economic costs. The speaker highlights the importance of addressing the debt ceiling to avoid severe financial repercussions.

What does the speaker suggest will drive the compromise regarding the debt ceiling?

According to the speaker, what would be the impact on the economy if the current debt had to be refinanced at prevailing interest rates?