Marc Lasry Says a US Debt Default Doesn't Make Sense

The video discusses the market's concerns about financial tightening and the debt ceiling. It highlights the potential consequences of a U.S. default, emphasizing the negative impact on both political parties and the economy. The speaker argues against defaulting, citing the loss of value for average Americans. The video also explores the market's potential reactions to a downgrade, including significant losses and the need for a quick compromise to prevent further economic damage.

What rationale is provided for why defaulting on the debt makes no sense?

How could a downgrade in the US credit rating affect the average American?