Navigating the US Debt Ceiling Standoff: Biden's Options and Wall Street's Concerns

President Biden and House Speaker Kevin McCarthy are set to resume negotiations over raising the nation’s debt ceiling, with as few as 10 days to broker a deal before the treasury runs out of cash and other options to pay the government’s bills. The mere prospect of default could breed economic turmoil long before the treasury actually runs out of cash. Investors around the world are also watching, with analysts saying that the mood could shift quickly, sending markets tumbling, without signs of progress.