The debt ceiling: what happens if the US runs out of money?

ABC News Daily - Een podcast door ABC

The US economy is in such a crisis, president Joe Biden has had to cancel a trip here next week.  He has less than a fortnight before the nation defaults on its debt - meaning it would essentially run out of money - for the first time ever.  Today, economist Dr Louise Sheiner, from the Brookings Institution in Washington DC, on how America's fragile political system could drag all of us into a recession.  Featured:  Dr Louise Sheiner, senior economics fellow and policy director, Hutchins Center on Fiscal and Monetary Policy, Brookings Institution, Washington DC 

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