Trump’s tariff mess raises the danger of a US default | Lloyd Green
The US could breach the debt ceiling even sooner than predicted without action from Republicans“Trump backs down on tariffs, again. And it doesn’t look strategic,” a headline blared on Wednesday afternoon.At the end of trading, equities had recovered a portion of their losses. But plenty of damage had been done. Markets were thrown into turmoil, interest rates jumped and business activity took a hit. Beyond that, the possibility of a recession grew – and the possibility of a default by the US inched up to 6%, according to prediction markets. Continue reading...
The US could breach the debt ceiling even sooner than predicted without action from Republicans
“Trump backs down on tariffs, again. And it doesn’t look strategic,” a headline blared on Wednesday afternoon.
At the end of trading, equities had recovered a portion of their losses. But plenty of damage had been done. Markets were thrown into turmoil, interest rates jumped and business activity took a hit. Beyond that, the possibility of a recession grew – and the possibility of a default by the US inched up to 6%, according to prediction markets. Continue reading...
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