The Impending Threat of US Debt Default.
TL;DR
The US is approaching an "unthinkable" debt default as the government shutdown continues and the debt ceiling deadline looms. If the US defaults on its debt, it could have severe economic consequences, including a potential recession. The political deadlock in Congress is preventing a resolution, and both parties are blaming each other for the impasse.
Topics:businessfinance#default#economic-impact#finance#government-shutdown#political-deadlock#us-debt
- What to expect as US nears 'unthinkable' debt default Financial Times
- The not-so-secret history of U.S. default Axios
- What America does after a debt-ceiling disaster The Economist
- Default Isn't the Only Danger - WSJ The Wall Street Journal
- America is hurt by its debt ceiling theatre of the absurd Financial Times
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