What happens if we don’t raise the debt ceiling

The nation faces a default of its debts as soon as June 1. Robert Hockett is a professor of law at Cornell University, an adjunct professor of finance at Georgetown University’s McDonough School of Business and a senior counsel at Westwood Capital. He joins host Krys Boyd to discuss the repercussions of a debt default and the political and legal maneuvers available to avoid it. His New York Times Opinion piece is “This Is What Would Happen if Biden Ignores the Debt Ceiling and Calls McCarthy’s Bluff.”