One (uncomfortable) way to end the debt-ceiling standoff

Rick Newman | Yahoo Finance | May 2nd, 2023
Category: Education

If politicians don’t listen to the CEOs and economists telling them to hurry up and resolve the debt-ceiling crisis, a more formidable master may intervene: the stock market.

Business leaders attending this year’s Milken Institute Global Conference in Beverly Hills, Calif., are as frustrated as anybody that Democrats and Republicans in Washington, D.C., are manufacturing an artificial crisis in which Congressional failure to raise the federal borrowing limit could force the U.S. government to default on its obligations.

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