S&P Global Warns That A U.S. Default Would Wreak Havoc On Global Energy Markets
Written by Black Hot Fire Network on May 24, 2023
A debt default by the U.S. federal government would shake up the global energy market, S&P Global Commodity Insights has warned, adding, however, that the chance of that happening was a slim one.
Congress is at an impasse about the debt ceiling and recent talks between President Biden and House Speaker Kevin McCarthy ended with no agreement on lifting the borrowing limit.
In truth, the default alarm gets sounded . . .
