It's Debt Ceiling Time Again!

0 Anmeldelser
0
Episode
342 of 521
Længde
9M
Sprog
Engelsk
Format
Kategori
Historie

While Democrats fight amongst themselves over getting their legislative agenda passed, Senate majority leader Chuck Schumer is locked in his own battle with minority leader Mitch McConnell over raising the country’s debt ceiling.

Democrats need ten Senate Republicans to join them in voting to raise the debt limit to avoid, as the Washington Post put it, “catapulting the country into an economic recession.” The Post also cited the potential for quote, “widespread financial havoc," while the New York Times noted widespread warnings of “global economic calamity”

If all of this sounds familiar, that's because... it is. For years, the media have treated the perennial debt ceiling debate like hurricane season. Is disaster heading to our shores? When will calamity strike? What's the projected damage? Often lost in the coverage is why we have to keep reliving this crisis in the first place.

Zachary Karabell is host of the podcast “What Could Go Right” and president of River Twice Capital. He’s also the author of The Leading Indicators: A Short History of the Numbers That Rule Our World. Brooke spoke to him in 2017 about this very subject.

On the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing onthemedia@wnyc.org.


Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Prøv nu
DK - Details page - Device banner - 894x1036

Other podcasts you might like ...