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The US Debt Limit and the Risks of a Debt Showdown
I am highly confident that the US government will not miss a payment on its treasury bonds and bills. But I do worry that this could be messier and more down to the wire than we've ever witnessed before. The divisive nature of our politics today, in some ways has never been worse. And it just seems very hard to trace out a path by which those two sides get to a solution other than the fear of a default.