In this episode of Current Account, Clay revisits the timely topic of the United States Debt Ceiling. He outlines what the "X date" is and why it is important, analyzes what each political party will be negotiating for, gives a variety of scenarios as to how the issue may be resolved and lays out the potential impact these outcomes may have at a global scale.
Clay's initial explanation on the debt ceiling can be found in Episode 31: Dancing on the Ceiling: The Upside-Down World of the Debt Ceiling Debate.