Five Reasons To Fear The Debt Ceiling

Five Reasons To Fear The Debt Ceiling

“The global economy is facing a bizarre man-made threat. Radical legislators in the US, issuer of the world’s most trusted currency, think forcing the government to renege on its obligations would be a good way to shock it into recognising the error of its fiscally imprudent ways.” If Congress does refuse to pass a new spending law, the outcome could well be a US debt default, leading to a global crash