The debt ceiling issue is just the tip of the iceberg, Oaktree's Howard Marks says; the U.S. has...

|By:, SA News Editor

The debt ceiling issue is just the tip of the iceberg, Oaktree's Howard Marks says; the U.S. has borrowed too much, and it will affect everyone. "We have to accept that the coming decades are likely to see U.S. standards of living decline relative to the rest of the world."