Debt Deal Will Happen But Markets Will Be Damaged: Athey

The video discusses the economic outlook, focusing on base case scenarios involving less spending and weaker growth. It highlights historical contexts, particularly the impact of past deals on markets, and emphasizes the potential for spending cuts as a headwind. The discussion concludes with an analysis of the deal's outcomes, noting that while a deal is expected, it may not be favorable for markets, posing downside risks to equities and bond yields.

What does the speaker suggest is necessary to get Republicans on board?

What is the speaker's perspective on the potential deal regarding spending cuts?