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The True Cost of an Extended US Debt-Ceiling Standoff
Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.
24 May 2023, 07:56 AM IST
(Bloomberg Businessweek) -- America’s sway over the world economy is being eroded by self-inflicted policy wounds, with a dangerous standoff over the debt ceiling putting renewed scrutiny on the dollar’s preeminent status in global trade and finance.
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