The World Economy

'US default would be a catastrophic event for global economy'

In just 3 days, the US will be forced to make a decision that will affect the entire global economy. If lawmakers don't find a way to re-open the frozen government, and then agree to raise the national debt ceiling, if that happens, the shock would be felt well beyond its own borders. For more on the potential price of this political stalemate in the US and its effect on the global economy, RT is joined by economist Peter Westin.