3min chapter

Goldman Sachs Exchanges cover image

Daunting debt limit dynamics

Goldman Sachs Exchanges

CHAPTER

The Debt Ceiling in the United States

The risk of defaults on government debt in local currency for countries that print their own money is technically zero. When rating sovereigns, the large rating agencies look at a combination of political, economic, fiscal, debt factors. The other thing to say is the US has something called debt ceiling that is peculiar to the United States.

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