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PBS NewsHour

The potential impacts of the U.S. defaulting on its debt

Season 2023 Episode 143 | 6m 08s

The impact of the U.S. defaulting on its debt would be felt by many Americans. It could include suspension of Social Security checks or a loss of food stamp benefits, to name just a few. Many economists argue it would be devastating to financial markets, tipping the country into a recession and creating global turmoil. William Brangham discussed that with Mark Zandi of Moody's Analytics.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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