Experts confident US will avoid debt default despite political tensions.

Wharton finance professor Jeremy Siegel has stated that there is "zero chance" of the US government defaulting on its debt, and that the debt-ceiling issue will be resolved, either by extending the timeline or raising the debt limit. US lawmakers are still debating the conditions for lifting the country's borrowing limit, with talks continuing between President Joe Biden and Speaker of the House Kevin McCarthy. Treasury Secretary Janet Yellen has reiterated her June 1 deadline for Congress to raise the national borrowing limit.