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Any failure to increase the debt ceiling would plunge the global economy into recession: Analyst

Henry Yin

Wed May 10 2023 16:00:00 GMT+0000 (Coordinated Universal Time)

CNA's Henry Yin discusses the global implications of the US debt ceiling crisis with NYU Stern School of Business Professor Sam Chandan. He believes that a compromise between the Democrats and Republicans would be the only solution to the ongoing crisis and that any kind of default would result in a significant erosion of credibility for the world's number one economy.

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