Ajay Rajadhyaksha is global chair of research at Barclays.
At some point this summer, the US government will hit its “drop-dead” date: the point at which the Treasury’s extraordinary measures to avoid defaulting on its financial obligations run out.
On that date, the US debt limit will have to be raised, immediately, if the US is to make good on all its spending commitments and servicing its sovereign debt. But given the political schisms in the country, there’s a chance that Congress fails to raise the debt ceiling even on this last possible date. What happens the day after?
The answer might be — surprisingly little, in both the economy and financial markets.
您已閱讀13%（666字），剩餘87%（4498字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。