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Jim Zirin speaks with Martin Wolf.

Congress approved an 11th-hour deal to raise the debt ceiling, in the face of dire threats that not to do so would bring down the global economy. But, instead of resolving the crisis, the lawmakers merely kicked the can down the road four months. Financial Times chief economics commentator, Martin Wolf, tells Jim that the US debt ceiling is “the legislative equivalent of a nuclear bomb aimed by the US at itself.”

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