Absent any legislative workarounds, on June 1, 2023, the U.S. will bump up against the federal debt ceiling. If reached, Janet Yellen warns the U.S. could default on its scheduled payments, and analysts estimate the timing between July and August. The potential for a U.S. default sounds scary, and some would say unprecedented, so let's put this issue in context . Consider the following:
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Sources: https://www.globalxetfs.com/chart-looking-back-at-past-debt-ceiling-crises/, Zacks Investment Management May 15th 2023 Debt Ceiling, npr.org, treasury.org
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