Here is the teaser:
In one of his first interviews since leaving the White House, former National Economic Council director Larry Summers says he believes "reason will prevail" in negotiations over the debt limit because a default would spark a second, scarier economic crisis, a "Lehman Brothers on steroids."
Check it out.
1 comment:
If we default the debt doesn't just go away, we just pay a higher interest rate. And that has serious ramifications.
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