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Debt ceiling battle could spark a global recession

Por: Newsweek Business January 27, 2023

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The U.S. is at serious risk of defaulting on its debts and a default could spark a global recession if Congress does not agree to raise the federal debt limit in the coming months, an economic expert has warned.Charles Abraham, U.S. Financial Services Practice Leader at Mazars, a leading audit, tax and advisory firm in the U.S., told Newsweek that a default would lead to higher unemployment, higher interest rates and volatility in the stock... + full article



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