The debt ceiling is the risk wall street doesn’t want to think about
The debt ceiling is the risk wall street doesn’t want to think about
7/3/2023 7:44

Conventional wisdom says the US will avoid a devastating federal payments default later this year. But conventional wisdom has proved spectacularly wrong months ahead of shocks that upended the world in recent years: the failure of Lehman Brothers, the 2016 US election, the global spread of Covid-19.

Source: Bloomberg

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