Wall Street warns of the most serious confrontation of the US debt limit since 2011
Wall Street banks, including JPMorgan and Goldman Sachs, are warning that Washington is heading toward the riskiest debt ceiling encounter since 2011, when the US lost its risk-free credit rating. The debt ceiling struggle could be the most important issue facing the US economy in 2023, according to a JPMorgan note to clients on Friday. …
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