Home » Business » Paul Krugman: The US may be at risk of default – 2024-02-26 15:05:20

Paul Krugman: The US may be at risk of default – 2024-02-26 15:05:20

/ world today news/ The possibility that the American government will not be able to provide funds for its normal functioning is completely real, wrote the winner of the Nobel Prize for Economics, Paul Krugman, in a comment for the “New York Times”.

In it, he called for the federal government’s debt ceiling to be lifted, but – he said – the current financial situation of the United States is not as bad as, for example, that of Greece in 2009, when the country fell into a debt crisis.

“If the U.S. defaults, it will be the result of actions by House Republicans who are trying to use the debt ceiling issue to obtain political concessions that would not otherwise be obtained through the normal legislative process,” he wrote. more Krugman.

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