Tag: debt default

Debt Ceiling Politics Threaten the Power of the U.S. Dollar

The question for investors is not whether the U.S. can pay its debts, but whether it has the political will to do so; as such, a default on debts by the U.S. would differ from that of a developing country without the financial capacity to fulfill its obligations. “It’s really a political game, or political […]

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The Only Debt Ceiling Deal Is No Deal at All

Still, I think a lot could have gone wrong with the way Democrats messaged around a defense of democracy. When Biden trotted out “ultra MAGA” some months ago, I worried he was more likely to energize the opposition than rally his own troops. But more recently, I heard one of Pennsylvania Governor-elect Josh Shapiro’s final […]

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