“As the U.S. government hits its $31.4 trillion borrowing limit today, Wall Street’s Washington veterans are sounding the alarm that after years of brinkmanship, the possibility of an unprecedented default is real this time,” Semafor reports.
“One Wall Street lobbyist said his firm hasn’t started tabletop exercises yet to game out scenarios but when they do, he will recommend including political twists that result in wild market gyrations given the current mood in Washington.”
Bloomberg: In debt limit fight, Trump wants Republicans to play a dangerous game of chicken.
Vox: Biden has options on the debt ceiling — but none of them are good.
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