What will happen if US lawmakers fail to solve the debt ceiling row?
As the outlook for the economy darkens, the wrangling over increasing the $31.4 trillion statutory limit could roil markets further
As the regional bank turmoil continues and markets digest the Federal Reserve’s latest rate hike, investors and executives are turning to the next big question: What if lawmakers fail to resolve the stand-off around the US debt ceiling?
That scenario — though considered unlikely by many — is attracting attention as the outlook for the economy darkens. With ongoing pressures on smaller lenders, slowing growth and rising financing costs, the wrangling over increasing the $31.4 ...