A credit crunch could more than double the rate that some US companies default on their debts, Societe Generale says

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REUTERS/Kai Pfaffenbach

US debt limit has seen 78 changes since 1960. This time is likely no different, says Bank of America's wealth management team

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A view of the House chamber as the House meets for the third day to elect a speaker and convene the 118th Congress in Washington, Thursday, Jan. 5, 2023.

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A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates 'into perpetuity,' Treasury Secretary Janet Yellen warns

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Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC.

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The Treasury market is starting to price in the possibility of a US debt default in July

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The US could hit the debt ceiling deadline in June, sooner than expected amid weak tax collections, Goldman Sachs says

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US President Joe Biden and House Speaker Kevin McCarthy depart the US Capitol on Saint Patrick's Day.

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Nobel economist Paul Krugman says there's no real risk to the dollar - unless the US defaults on its debt

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Paul Krugman
Princeton economics and international affairs professor Paul Krugman listens during his introduction as the 2008 Nobel prize winner in economics at a new conference on the campus of Princeton University in Princeton, New Jersey.

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Markets are growing nervous over the prospect of a US default as debt ceiling deadline looms

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Minting a $1 trillion coin may be legal but is an 'unworkable' option to avoid a catastrophic US debt default, Moody's Analytics chief economist says

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The probability of a catastrophic US debt default has more than tripled since the start of the year, MSCI says

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Fears of a US debt crisis are 'imaginary', and what the economy needs is more investment in critical infrastructure, economist says

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Supporters of republican presidential candidate former Massachusetts Gov. Mitt Romney stand next to a national debt clock during a rally at Exeter High School on January 8, 2012 in Exeter, New Hampshire.

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