The U.S. isn’t the only country with a debt ceiling. So how does Denmark avoid the drama?

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The U.S. isn’t the only country with a debt ceiling. So how does Denmark avoid the drama?

The White House and U.S. House Speaker Kevin McCarthy have struck a tentative deal to raise the nation’s borrowing limit, likely avoiding a catastrophic default just days before the deadline. The U.S. isn’t the only country with a debt ceiling, so why is there so much debt drama? CNN’s Laila Harrak talks to Jacob Kirkegaard, a senior fellow with the Peterson Institute for International Economics, about why debt ceiling brinksmanship seems to be a uniquely American issue.

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