Jason Furman, Aetna professor of the practice of economic policy at the Harvard Kennedy School. GuestsĬlaudia Grisales, congressional correspondent for NPR. Today, On Point: What’s the path forward? We hear lessons from America's last debt ceiling crisis.
In 2011, the country came within 72 hours of that happening. debt limit is pushing the country perilously close to default. Sign up for the On Point newsletter here.Ī political stand-off in Washington on the U.S. US Vice President Joe Biden said Monday he was confident that Congress would approve a major austerity plan to avoid a debt default as he met with skeptical members of his Democratic Party.AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images) Detail of the National Debt Clock, a billboard-size digital display showing the increasing US debt, on Sixth Avenue Augin New York.
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