A debt default would be 'much worse than a government shutdown', says J.P.Morgan's Michael Feroli

Jimmy Pethokoukis, American Enterprise Institute & Michael Feroli, J.P.Morgan chief economist, join 'Closing Bell Overtime' to discuss teh ongoing debt ceiling debate, the impending deadline, and what it could all mean for the U.S. economy.

[Ti]

Why no media is questioning on why do we have to raise debt ceiling every year?
Why are we not able to maintain Fiscal discipline ?
Where is the money getting spent over the budget ?

How long we contribute to borrow money to pay our own bills ?

[sy]

What about the million we pay per day for sheltering illegals? Hey.. want to end student debt? Why not secure our borders and invest our taxes for the future. This is why education is so high

[dailyprojects]

When they tell you not to panic is when you should panic.

[painfuldrp]

Doesn’t matter. The system won’t work either way

[bluestarcesium]

If the taxpayers that owe money in June, were given a two percent discount if they paid their taxes by May 25, then they should have enough money to to avoid a default or shutdown.

[Mid.nightrr]

A lot of money on the books is no longer accounted for. There has been no accountability for any of the spending.

[interstellaru]

A debt ceiling crisis will be a shame for The US, irrespective of republicans or democrats. That’s the hope for a deal.

[hettieyarbrough]

Playing games.. throwing his little weight around.. shame Congress 😮😮😮

[Tyrife]

debt default = no more political parties

[djpomare]

The Chinese doesn't want the US to default.
Who do you think loaned the money to the US?

[dianewhalen]

Get rid of the drama and crunch the numbers.Set up a budget🤯

[danielmchale]

Democrats and Republicans must understand the Americans in 50 states please do not default us please.

[hettieyarbrough]

Does Congress get paid with a shut down 😮😮😮😮😮😮😮😮😮

[CharlieBetamcourt-csbo]

Seriously people over 65 on social security will lose their benefits are you kidding me. What kind of President is this that doesn't present the facts. Just playing the blame game is not going to help this issue

[hettieyarbrough]

One rich person can write the check😮😮😮😮😮😢😢😢😢😢🤨

[Alfred.E.Newman]

COME ON MAN the only BAD thing is the rich will take it on the NOSE most of us SURFS will survive the way we always do making do

[llloydhoffman]

Crash baby crash! Too much b.s. involved in shady deals already. Crash n burn the useless

[dangood]

0.00% chance debt (treasury interest or principal) isn’t paid.

[L.A-]

Covid money and lgbq should be reduced! Maybe we would have money to spend!

[bobo-ho]

I miss the Clinton years when we had a Surplus.