"US Debt Default Looms as Wall Street Prepares: Solutions and Stand-Offs"

The US is facing a budgetary impasse that could lead to a recession or worse, but many Americans remain unconcerned. Corporate America has largely sidestepped the contentious debate unfolding in Washington, and there are signs that a crisis-weary population wants to sit this one out. However, panic may be necessary to resolve this crisis by putting pressure on elected officials to compromise and avert disaster. The White House is expanding its communications team to help explain and lay out its position on the debt ceiling, and Biden is steadily ratcheting up the pressure on Republicans. The attention paid to the debt ceiling crisis in the Obama era may have been a product of a simpler political time, when a near-existential threat to the nation was an anomaly, not another Thursday.