Geographic Solutions' Economist, Phillip Sprehe, was featured in an article by Insider, this past weekend. The article details the potential economic crisis that could ensue if the US Congress does not vote in favor of raising the debt ceiling. This action could result in millions of Americans losing their jobs across many industries, with the business and health sectors being hit the hardest.
"It would really be with those companies that have kind of delicate financial positions where they're relying on interest payments from US Treasuries that they hold and they're doing this month to month, so that if they don't get that revenue in, then that could jeopardize their ability to do business and to keep up with payroll."
Click here to read the full article from Insider.