Experts confident US will avoid debt default despite political tensions.
TL;DR
Wharton finance professor Jeremy Siegel has stated that there is "zero chance" of the US government defaulting on its debt, and that the debt-ceiling issue will be resolved, either by extending the timeline or raising the debt limit. US lawmakers are still debating the conditions for lifting the country's borrowing limit, with talks continuing between President Joe Biden and Speaker of the House Kevin McCarthy. Treasury Secretary Janet Yellen has reiterated her June 1 deadline for Congress to raise the national borrowing limit.
Topics:businessfinance#finance#jeremy-siegel#treasury-secretary-janet-yellen#us-debt-ceiling#us-lawmakers#wharton
- Wharton professor Jeremy Siegel sees zero chance of a US debt default Markets Insider
- Lawmakers making 'mistake to gamble' with debt ceiling, says former Treasury Sec. Jack Lew CNBC Television
- BlackRock's Bond Guru Says U.S. Won't Default on Debt Barron's
- Lauren Boebert accuses Democrats of 'gaslighting' the public about the debt ceiling AlterNet
- We know how Washington works and they're going to come to a deal, says former Rep. Donna Edwards CNBC Television
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