ICS Analysis

Bipartisan Political Brinkmanship Leaves U.S. Debt Crisis on Ventilator for Two Years Experts say it’s “Advantage our Enemies”

Reports are filtering in that US Congress has suspended the debt ceiling bill to 1 January 2025. The ink has not even dried on the bipartisan “tentative” deal to raise debt-ceiling, but given the long impasse preceding the agreement to suspend the bill, it is being viewed not only as a fragile move but also self-inflicted political brinkmanship that leaves the US greenback weakened and US national security threatened. The US corporate interests and the political elite on Capitol Hill have however breathed a sigh of relief that a potential politically catastrophic default on US debt repayments has been averted.



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