Goldman's Alec Phillips on Debt Ceiling 'X-Date'

Goldman's Alec Phillips on Debt Ceiling 'X-Date'

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the complexities of the U.S. debt limit, including potential short-term extensions, downgrade risks, and historical precedents. It highlights the political standoff between parties and the economic consequences of not raising the debt limit. The discussion also covers the prioritization of payments and the need for a spending deal to avoid default.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are associated with determining whether a short-term extension will occur?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the significance of the downgrade mentioned in relation to missed payments?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the discussion around prioritization of payments relate to the debt limit situation?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of not raising the debt limit by the time the government runs out of cash?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways could a short-term extension of the debt limit influence congressional spending discussions?

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