What Is The US Debt Ceiling Crisis & Can The Indian Economy Take A Hit If US Defaults On Debt?

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#us #unitedstates #indianeconomy #usdefaults #useconomy #debt
For the first time, the United States faces the serious risk of defaulting on its debt, which experts say would not just adversely affected the US economy but would also carry significant pains for the world economy. 
Sakshi Batra explains what’s the debt ceiling, what’s the current debt ceiling crisis, and how the US default could affect the world.
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12 COMMENTS

  1. On the budget, the democrats, listen ,we are going to ask for a enormous amount and you guys come back with a 15/20 % cut and all the dummies will be happy even though we will be getting a boat load of more money.

  2. It is unfair that a single currency is able to have more leverage over the world's economy…

    There shall come into existence a medium of exchange (currency) whose underlying value shall be based on a group of countries' economy… And so the power is actually distributed…

  3. It's a US geopolitical game-play by its political leaders, a trick to dump US Treasuries-holders to bargaining price at low cost so that the FED could liquidate it's debt. A subtle way to forced the sale of debts in the form of Treasuries to return to the FED's possession replinishing it's holdings without additional printing of dollar.

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