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Atlantic Council senior director Josh Lipsky said investors would still turn to US Treasurys immediately after a default.  But long term, a default hurts the credibility of the US, and investors would seek other assets, he told Insider. “More and more countries will look for alternatives, and eventually they will find them.” Loading Something is… Continue reading Investors will still flock to US Treasurys in a default – but the crisis would make these alternatives more attractive down the line

Warren Buffett doesn’t expect the debt-ceiling debacle to result in a US government default. He slammed the 2011 standoff as a silly waste of time, and said the borrowing limit shouldn’t exist. Buffett warned that not raising the debt ceiling might be Congress’ most idiotic move ever. Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett slammed the last debt-ceiling crisis as stupid waste of time – and called for the government’s borrowing limit to be removed

Economists including Jeremy Siegel ruled out a US debt default, saying the political standoff over the borrowing limit will be resolved in time, as it has done many times in the past. JPMorgan’s Jamie Dimon and Blackstone’s Stephen Schwarzman are also optimistic that a default will be avoided. Here is a selection of recent commentary… Continue reading JPMorgan, Blackstone, BlackRock don’t expect a US debt default – Wharton professor Jeremy Siegel says it’s a ‘zero chance’ risk.

US stocks jumped Friday on reports the White House and Republican leadership are nearing a deal to raise the debt ceiling.  A potential deal could raise the $31 trillion debt limit for two years.  The Fed’s preferred inflation gauge showed price pressures rose in April.  Loading Something is loading. Thanks for signing up! Access your… Continue reading Dow jumps more than 300 points as Biden, McCarthy appear set to reach a deal to raise the US debt limit