Top Market Watcher Predicts Debt Crisis Resolution with Certainty

Wharton professor Jeremy Siegel believes there is "zero chance" that the US debt crisis won't be resolved, despite political gridlock in Washington. Treasury Secretary Janet Yellen has warned of an "economic and financial collapse" if the deadline to increase the debt ceiling passes, but Siegel believes lawmakers will come to an agreement. Economists have argued that a debt default could have disastrous consequences for the US economy, wiping out $12tn in household wealth in a job-killing recession. The debt ceiling has been raised or altered 78 times since 1960, but this latest crisis is one of the worst in history.