Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

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By BY JEANNA SMIALEK, JIM TANKERSLEY AND JOE RENNISON from NYT Business https://ift.tt/YpxSIPA
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught. BY JEANNA SMIALEK, JIM TANKERSLEY AND JOE RENNISON https://ift.tt/YpxSIPA https://ift.tt/vIB6R07 New York Times Business United States Politics and Government, United States Economy, Banking and Financial Institutions, Government Bonds, National Debt (US), Politics and Government, Stocks and Bonds, Federal Budget (US) January 31, 2023 at 12:16AM

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