As debt default looms, concerns grow for global economic outlook

If the debt ceiling is not lifted soon, the US treasury could run out of money and be unable to pay what it owes. As the world’s largest economy, that could cause the dollar to spiral, also putting pressure on other countries’ economies. To understand what’s at stake, The World’s host Jason Margolis speaks with Eswar Prasad, an economist who specializes in trade policy at Cornell University.