Stephanie Kelton: US is Not on Cusp of Debt Limit Deal

The transcript discusses the ongoing debt ceiling negotiations in the US, highlighting the fluctuating progress and the unique position of the US compared to other countries. It raises concerns about the current political climate and the potential economic impact of not raising the debt ceiling. The discussion also touches on the reputational damage to the US and the severe economic consequences that could arise, including a potential depression.

What does the speaker suggest is the appropriate time and place for making budget policy decisions?

How does the speaker differentiate between a recession and a potential economic downturn resulting from not raising the debt limit?

What potential economic consequences does the speaker foresee if Congress does not raise the debt limit?