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Episode details

World Service,17 Oct 2013,28 mins

Debt deal aftermath: US licks its wounds

World Business Report

Available for over a year

With a US debt deal finally agreed and government employees going back to work, we assess how much damage the whole episode has done to the US economy and its reputation. Rob Young is in Jackson, Mississippi, talking to government employees in the US state that's most dependent on federal funding. Meanwhile the head of the International Monetary Fund, Christine Lagarde, calls on America to find a long-term solution to its budget problems, because the last-minute deal only funds the government until mid-January. We speak to David Stockton, a former chief economist at the US central bank, about the risk of another shutdown in a few months' time. And Matt Davies is in Ghana, where, despite a growing economy, the issue of youth unemployment is continuing to raise serious concerns.

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