Economist warns of damage from not raising debt ceiling

06/29/2011 | Hill, The

Economist Mark Zandi said that if Congress does not raise the debt ceiling by the Aug. 2 deadline, markets and broader economy will be dragged down. "Even if Congress and the administration reverse themselves days later I think the damage will have been serious and we'll probably be thrown into a recession," Zandi said.

View Full Article in:

Hill, The

Published in Brief: