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Why the US debt drama is a catch-22 for equity markets

It’s a recipe for an ultimate disaster, but investors are confident that a deal on the US debt ceiling will be reached.

Karen Maley
Karen MaleyColumnist
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Few things galvanise politicians into action like an impending financial meltdown.

US Treasury Secretary, Janet Yellen, has warned the US government risks default as soon as June 1. AP

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/why-the-us-debt-drama-is-a-catch-22-for-equity-markets-20230503-p5d55q