The True Cost of an Extended US Debt-Ceiling
Standoff
https://www.bloomberg.com/news/articles/2023-05-18/debt-ceiling-standoffs-threaten-an-already-wobbly-dollar
Saleha Mohsin and Enda Curran note:
America’s sway over the world economy is being eroded by self-inflicted policy wounds, with a dangerous standoff over the debt ceiling putting renewed scrutiny on the dollar’s preeminent status in global trade and finance.
A behind-the-curve Federal Reserve struggling to corral inflation, a string of bank failures and now a political deadlock over the government’s ability to borrow are chipping away at US authority.
https://www.bloomberg.com/news/articles/2023-05-18/debt-ceiling-standoffs-threaten-an-already-wobbly-dollar
Saleha Mohsin and Enda Curran note:
America’s sway over the world economy is being eroded by self-inflicted policy wounds, with a dangerous standoff over the debt ceiling putting renewed scrutiny on the dollar’s preeminent status in global trade and finance.
A behind-the-curve Federal Reserve struggling to corral inflation, a string of bank failures and now a political deadlock over the government’s ability to borrow are chipping away at US authority.