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Explaining America: Why the United States has a debt ceiling

Washington Post Live
Explaining America with Mark Zandi on Tuesday, May 30 at 11:00 a.m. ET
Headshot of Mark Zandi

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The United States and Denmark are the only advanced economies with a debt ceiling written into law though the borrowing cap is set intentionally high enough in Denmark to avoid political brinksmanship. On Tuesday, May 30 at 11:00 a.m. ET, Mark Zandi, chief economist at Moody’s Analytics, joins The Post’s Frances Stead Sellers to discuss the ongoing standoff in Washington over the debt ceiling and the consequences for the global economy if America defaults.

Mark Zandi

Chief Economist, Moody’s Analytics