Experts Warn That the US Is Close to Disaster on Debt Ceiling

Economists and experts warned a Senate committee hearing this week that the U.S. government is close to disaster on the federal debt ceiling.
The Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy conducted a hearing on Mar. 7 titled: “The Federal Debt Limit and its Economic and Financial Consequences,” with five expert witnesses to discuss the federal debt ceiling situation.
The five panelists invited to speak included Mark Zandi, chief economist at Moody’s Analytics; Anat Weisenfreund, director of Head Start and Early Learning Programs at Community Action Pioneer Valley; Douglas Holtz-Eakin, president of the American Action Forum; Michael R. Strain, director of economic policy studies and Arthur F. Burns scholar in political economy, American Enterprise Institute; and Amy K. Matsui, senior counsel and director of income security at the National Women’s Law Center….}