The ongoing debt ceiling drama and its impact on American living standards.
TL;DR Summary
Bank of America's wealth management division believes that lawmakers will eventually reach an agreement to prevent the US from defaulting on its debt, as the debt ceiling has been changed 78 times since 1960 despite political standoffs. The US Treasury has implemented "extraordinary" measures to sidestep an immediate fiscal crisis, but those measures will likely only last for a few more months, and the US could default as soon as this summer if policymakers don't take action.
- US debt limit saw 78 changes since 1960. This time is 'likely no different' Markets Insider
- American living standards are on the line in the debt ceiling drama CNN
- Wall Street stirs as debt ceiling brinksmanship mounts The Associated Press
- Republicans right to hold line on debt ceiling The Boston Globe
- What does it mean to raise the U.S. debt ceiling? The fight, explained The Washington Post
- View Full Coverage on Google News
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