2min chapter

FT News Briefing cover image

Markets shrug off potential US debt default

FT News Briefing

CHAPTER

The US Could Default on Its Debt

CNN's Jim Boulden says the US could default on its debt. It would be 'ugly' and have a huge impact on financial markets, he adds. Money market funds are trying to buy securities that mature before June 1st. The deadline is when money runs out if Congress does not raise the debt ceiling.

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