Investment Opportunities and Risks Amidst Potential U.S. Debt Default
TL;DR Summary
The US is approaching the day when it won't be able to pay its bills, as soon as June 1, according to Treasury Secretary Janet Yellen. While America's ability to borrow isn't in question as long as Congress greenlights the issuance of new debt needed to pay for spending it has already authorized, the prospects for a deal between the White House and the Republican-controlled House of Representatives still look touch-and-go at best.
- U.S. Default Could Supercharge These Stocks and Spook Allies The Wall Street Journal
- America's borrowing is its superpower. A default would tarnish that CNN
- The U.S. may default on its debt. Here's where to put your money now. CBS News
- Letter: Fed and Treasury have the tools to avoid debt default Financial Times
- View Full Coverage on Google News
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