US Congressional hardliners have been threatening not to raise the debt limit again. They may not understand how central US Treasury securities are to the US and global monetary and banking system. Dr. Tiemann explains the importance of raising the debt ceiling and the catastrophic consequences that could result from a failure by Congress to act in a timely manner.
Topics & Details
- Tags - Alexander Hamilton, Creditworthiness, Hamilton, Jack Lew, U.S. Treasury Debt, US Congress
- Categories - Congress, Economics, Fiscal Policy, Interest Rates, Market Disruption, Notes, Recessions, US Budget Deficit, US Treasury Securities, Viewpoint
- Download the PDF: - Why the Debt Ceiling Debate Matters
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