A Fast-Approaching U.S. Debt Ceiling

The U.S. debt is ticking away past $14 trillion and threatens to hit the current federally imposed limit on how much we borrow to keep our economy afloat. What are the impacts if this limit is not raised in time as lawmakers squabble of the details of how to manage the country’s debt crisis?

In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Dr. Curt Grimm talks about the fast-approaching collision of the federal debt with the current ceiling limit, and the looming deadline for Congress to act on increasing the ceiling.

Grimm, the Dean’s Chair Professor of Supply Chain and Strategy, teaches the MBA course on the global economy and closely follows the impacts of the U.S. economy on the rest of the world. His research has focused on the interface of business and public policy with strategic management, with a particular emphasis on competition, competition policy, deregulation and microeconomic reform both in the U.S. and overseas. This research has resulted in four books and more than 80 published articles.