If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
Banking and Financial Institutions Biden, Joseph R Jr Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Politics and Government Republican Party Senate Stocks and Bonds Treasury Department United States United States Economy United States Politics and Government Yellen, Janet L
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