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    Back to To the Point

    To the Point

    After the Debt Deal, What Now?

    The United States won't default on its debts for the first time, so that problem is solved. But the price paid to Tea Party Republicans could make the economy worse. The deficit will be reduced with spending cuts only. Tax increases are off the table. What will it take to boost the economy or create new jobs?

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    By Warren Olney • May 12, 2014 • 1 min read

    The United States won't default on its debts for the first time, so that problem is solved. But the price paid to Tea Party Republicans could make the economy worse. The deficit will be reduced with spending cuts only. Tax increases are off the table. What will it take to boost the economy or create new jobs? Will the US be able to retain its AAA credit rating? What happens when the so-called "super committee" of twelve gets down to identifying the actual cuts? Medicare, Medicaid and Social Security have been protected. Will Republicans be fighting among themselves over how much to cut from defense?

    The full episode

    2 of 3
    After the Debt Deal, What Now?
    1. 0:00President Obama Signs Debt Deal
    2. 7:30After the Debt Deal, What Now?You’re reading this
    3. 43:58No Future(s) for Pork Bellies
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

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      Katie Cooper

      Producer, 'One year Later'

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      David Wessel

      Brookings Institution

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      David Rothkopf

      FP Group

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      John Feehery

      Feehery Group

      NewsNationalPolitics

    The full episode

    2 of 3
    After the Debt Deal, What Now?
    1. 0:00President Obama Signs Debt Deal
    2. 7:30After the Debt Deal, What Now?You’re reading this
    3. 43:58No Future(s) for Pork Bellies
    Back to To the Point