Part 4/8:
Malpass reflects on the necessary upheaval within the current political structure, suggesting that the incoming administration will need to find new pathways to handle the debt limit. He pointed out President Trump's recent assertions that the responsibility lies with President Biden, indicating that Biden's administration is accountable for managing the existing debt scenario.
Compounding the issues in the U.S. is the sense of heightened urgency surrounding significant global political shifts towards conservative governance. Malpass noted that several countries are witnessing a voter preference for greater public control over government affairs, contrasting the trend of socialism that has taken root in various regions, including Europe and Canada.