“The IMF warned of negative consequences to the global economy if US leadership is unable to resolve its political impasse over negotiations to extend the debt ceiling.” https://mediacenter.imf.org/news/imf-briefing-us-debt-ceiling—g7/s/4aed5dc0-44e2-4d68-a51b-0c072c3347c8
The Debt Ceiling is the maximum amount the U.S. Government can borrow to meet its financial obligations.
“The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, analysts have said, pulling forward the risk of a debt default that could have wide repercussions across global financial markets.” https://www.reuters.com/markets/us/looming-us-debt-ceiling-fight-is-starting-worry-investors-2023-04-20/
WSJ: “House Speaker Kevin McCarthy last month mustered the votes for a bill to raise the debt ceiling, thanks in no part to his Democratic colleagues. His victory shifted the topography of the debt-ceiling battlefield and passed pressure onto the Senate and the White House.” https://www.wsj.com/articles/the-real-stakes-of-the-debt-ceiling-fight-fed-tight-rates-private-spending-c6071a62
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