Can Anyone Solve America’s $40 Trillion Debt Problem?

At this week’s G20 summit in Asheville, N.C., global finance leaders met amid a bond sell-off that threatened to raise the cost of long-term borrowing and upend global economic stability. That comes as the US national debt officially topped $40 trillion — a record high that’s double what it was a decade ago, raising serious concerns for some economists. With the nation’s spiraling debt showing no signs of slowing, is it too late to avoid a U.S. fiscal cliff catastrophe? We talk to economic experts about the current and future impacts, and whether there’s a solution. Learn more about your ad choices. Visit megaphone.fm/adchoices