Navigating the Impending U.S. Debt Default Crisis.
TL;DR Summary
White House officials and Republican lawmakers are in a race to reach an agreement as the United States approaches its projected debt limit. The longer it takes to reach an agreement, the more turmoil there could be for the United States and the global economy. The deal taking shape would allow Republicans to point to spending reductions and Democrats to say they had prevented large cuts. The prospects of a compromise in the negotiations remain uncertain.
- The Ticking Clock of a U.S. Debt Default The New York Times
- Why any debt deal could be just the beginning of the treacherous road to avoiding default CNN
- 3 things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches MarketWatch
- Investors See Hope for a Debt Limit Deal The New York Times
- US borrowing is a threat to dollar dominance, Jim Grant says Markets Insider
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