iPlayer Radio What's New?
Image for America: Nation of deadbeats

Listen now 18 mins

Listen in pop-out player

America: Nation of deadbeats

Duration:
18 minutes
First broadcast:
Thursday 03 January 2013

A nation of deadbeats - that's what one historian calls America. Because debt and default has defined the country since the very start, and debt is still a key issue. America may have swerved away from the fiscal cliff but faces another deadline - agreement on the nation's debt ceiling.

Stephanie Flanders tells Justin Rowlatt about the concerns over America's growing structural deficit - will it lead to disaster? And historian Scott Reynolds Nelson explores the country's debt dilemmas of the past.

Photo: Getty Images

Broadcasts

Free download

  1. Image for BBC Business Daily

    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.