Insuring US Treasury notes against default now costs more than insuring Mexican debt, as House Republicans threaten to push the US into technical default rather than give the Biden administration more room for deficit spending. If April tax receipts turn out to have been weaker than expected, default could hit as early as mid-June. US […]
US sovereign risk soars as debt ceiling battle rages
Debt ceiling muddle adds to US recession risk, but if the world really thought US credit had turned bad gold prices would run higher