How worried should we be about the debt ceiling?

The White House and congressional leaders are still working to try to reach agreement on raising the debt ceiling, but there’s no guarantee that a deal will get done in time. Deputy Chief US Economist Andrew Hunter and Deputy Chief Markets Economist Jonas Goltermann speak to David Wilder about this latest flare-up over the debt ceiling, including the potential for default, why minting a trillion dollar coin wouldn’t work and what's really going on in the CDS market.

Plus, Group Chief Economist Neil Shearing addresses some of the big themes that have come out of a series of client roundtables in Asia, including whether China’s economic recovery is already over, why core inflation data look so troubling and what’s wrong with the idea of a BRICS currency. 

Read all the analysis referenced in this episode here.

What is The Weekly Briefing from Capital Economics?

Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.