Biden and McCarthy ‘closer to deal’ on debt ceiling
Business Matters
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The Importance of Risk-Free US Treasuries in the Financial System
Neil Bradley, Executive Vice President and Chief Policy Officer at the US Chamber of Commerce. He breaks down exactly why it matters to businesses he lobbies for. So much of the financial system is really based on the fact that the US Treasuries backed by the full faith and credit of the United States government are considered to be risk free. And so, we would view impacts ranging from spikes in interest rates to freezing up of credit markets, ultimately a recession.
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