Center for American Progress

ONLINE EVENT ADVISORY: The Economic Consequences of Default
Press Advisory

ONLINE EVENT ADVISORY: The Economic Consequences of Default

Washington, D.C. — On May 1, 2023, Treasury Secretary Janet Yellen informed Congress that the federal government is potentially at risk of default as soon as June 1 if the debt ceiling is not raised, suspended, or eliminated. The United States has never intentionally defaulted on its obligations. Experts across the political spectrum agree that the consequences of default—or even a near brush with default—would be catastrophic, with long-term consequences for families, businesses, and the role of the United States in the global economy.

As the nation enters uncharted and potentially dangerous territory, please join the Center for American Progress for a conversation with experts about what default might mean for the economy.

Introductory remarks:

Patrick Gaspard, President and CEO, Center for American Progress

Wendy Edelberg, Director, The Hamilton Project; Senior Fellow, Economic Studies, Brookings Institution
Ben Harris, Former Assistant Secretary for Economic Policy, U.S. Department of the Treasury
Mark Zandi, Chief Economist, Moody’s Analytics

Emily Gee, Senior Vice President, Inclusive Growth, Center for American Progress

May 18, 2023
3:00 p.m.–4:00 p.m. EDT

You must RSVP at this link to watch the livestream event.

If you have questions for our panel, please submit them via email at [email protected] or on Twitter using #CAPEvents.

For more information, please contact Sarah Nadeau at [email protected].

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