Bloomberg Originals
The Threat of an American Debt Crisis
The mini-documentary America’s Looming Debt Spiral shows how the path back to fiscal prudence is getting harder—and that time may be running out.
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The cost of servicing US debt has surged in recent years. The perpetual threat of a government shutdown or even default comes thanks to political dysfunction that’s seemingly put solutions out of reach. At some point, the failure to tackle America’s large and growing budget deficit is going to hit the wallets of ordinary Americans. And hard.
In the Bloomberg Originals mini-documentary America’s Looming Debt Spiral, we spell out the potentially dire consequences that may flow from the continued inability of the world’s largest economy to manage its finances.