Newswise — 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 are available to comment on the economic, political, and psychological 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.
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.Video of John Garen:http://www.youtube.com/watch?v=7Jktw-56bdQ
Stephen Voss, associate professor of political science in the UK College of Arts and Sciences specializes in Kentucky politics, voting behavior, political methodology and racial/ethnic politics and can discuss the effects of Obama's call to action from voters, the seeming inability of both parties to compromise and the larger political and social ramifications of the deadlock.