With the current standoff between the U.S. Congress and White House over raising the federal debt ceiling, Kroll’s Chief Policy Strategist Chris Campbell analyzes what could be at stake should there be no congressional action. Using his experience on previous debt limit negotiations, Chris explains the potential economic ripple effects if Congress were to not grant additional borrowing authority. While previous debt limit negotiations may have similarities, they are not all the same, and concerns have arisen on whether the script has changed in 2023.
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