Editorial: As US debt reaches the barely imaginable milestone of $40 trillion, America’s ability to meet its financial obligations – coupled with the reality that the global economy depends on decisions made in Washington – should concentrate White House minds on ending its consequential war with Iran
Sounds like there could be another “debt ceiling crisis”.
except the credit agencies are dropping their ratings and the bond markets are forcing higher rates and the debt keeps climbing and the gov keeps bailing out and waiting money and foreign markets are divesting and so on.