Harvard’s Rogoff Says US Needs ‘Shock’ to Trigger Action on Debt

Harvard University economist Kenneth Rogoff warned that the US government’s worsening fiscal plight is likely to go unaddressed until a major crisis shocks voters and spurs them to demand a...

By Tom Keene · Bloomberg Markets

Harvard University economist Kenneth Rogoff warned that the US government’s worsening fiscal plight is likely to go unaddressed until a major crisis shocks voters and spurs them to demand a change.