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Take Two

How the debt ceiling showdown could worsen the 'Great Gatsby Curve'

A graph depicting economist Alan Krueger's Great Gatsby Curve.
A graph depicting economist Alan Krueger's Great Gatsby Curve.
(
Whitehouse.gov
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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How the debt ceiling showdown could worsen the 'Great Gatsby Curve'

Income inequality has been rising steadily for decades, and the weak recovery is causing the gap between rich and poor to widen even more. White House economist Alan Kruger dubbed it the "Great Gatsby Curve" after the novel's farm-to riches protagonist.

Now a looming showdown over the debt ceiling in Washington could stretch that gap even further.

Reporter Victoria Stilwell of Bloomberg joins the show with more.