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Debating U.S. debt limit risks a global economic shock
As Congress weighs raising the $14.3 trillion debt limit, experts warn a default or delayed payments could trigger higher interest rates, stock losses, and a fresh recession. Analysts cite Greece style risks, while politicians split on deficit causes and concessions, with May 16 as a looming deadline.
MENTIONED IN THIS ARTICLE
Washington
United States
Congress
Federal Reserve
Treasury
U.S
Greece
Portugal
Ben Bernanke
China
U.S. Treasury
Treasury Department
House
Bush
Daw Jones
Wall Street
Standard & Poors
America
S&p
David Wyss
Ile
Wyss
American University
James Thurber
J.P Morgan Chase
Capitol Hill
JP Morgan
Jaime Dimon
Howse
John Hoehne
Obama
George W. Bush
GOP