Market nerves are becoming increasingly frayed as President Biden and congressional leaders continue to try to find a way out of the latest impasse over raising the US debt ceiling. Will they find their way to a deal in time?
Economists from our US and Markets teams held an online briefing all about the debt ceiling deliberations and the implications for the economy and markets. During this 20-minute session, Paul Ashworth, Andrew Hunter and Jonas Goltermann answered client questions and addressed key issues, including:
- The likely path to a bipartisan deal;
- The risks around a failure to reach agreement;
- What this means for financial markets.