The so-called fiscal cliff may have been diverted, but budget negotiations are ongoing particularly as the president and Congress seek to avert a new debt limit. The stakes appear pretty high with the government likely defaulting on debts and being unable to pay for what many see as essential federal services.
Host Carmen Russell-Sluchansky spoke with Jack Rasmus, an economics professor at St. Mary’s College and Santa Clara University in California., to learn more. Rasmus has written several books on the political economy, including his latest, “Epic Recession: Prelude to Global Depression.”
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