UK Faculty Share Insights on Federal Debt Debate

LEXINGTON, Ky. (July 29, 2010) — With Congress in deadlock less than a week before the government runs out of funds to pay its bills, President Barack Obama warned on Monday that the U.S. is on the brink of a default that could trigger an economic upheaval.

 

Experts from the University of Kentucky share their insight on the current debt debate happening in Washington, D.C. and on the economic angles of the federal debt debate and America's possible default.

 

Ken Troske, William B. Sturgill Professor of Economics, director of the Center for Business and Economic Research in the UK Gatton College of Business and Economics and appointee to the five-member Congressional Oversight Panel for the Troubled Asset Relief Program, focuses on labor economics, applied econometrics, intermediate microeconomics and statistics.

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John Garen, Gatton Endowed Professor of Economics at the University of Kentucky Gatton College of Business and Economics focuses on government spending, financial markets, economic recovery and the microeconomic effects of macroeconomic issues, among other areas of economics.

 

Transcripts for both videos can be accessed below. 

 

 

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