Moneycontrol
HomeNewsOpinionThe recurring farce of a US debt default

The recurring farce of a US debt default

Ajay Bagga   •

Wrangling about the debt ceiling is political grandstanding. While everyone expects a last minute settlement, it's worth remembering that a similar impasse in 2011 resulted in a ratings downgrade for the US and nervousness in the markets 

The purpose of the debt ceiling is to impose a check on the government's borrowing power, ensuring fiscal responsibility, and preventing excessive debt accumulation.

To read the full story,

Subscribe to Moneycontrol PRO
  • Ad-free Experience
  • Access Exclusive Stories
  • Weekly Investment Ideas
  • Daily Technical Calls

Are you a PRO subscriber? Sign In

What Do You Get

  • Ad free Experience

    Seamless navigation, faster responses.

  • Expert Perspective

    Explore 230+ exclusive editorials every month

  • +

    Uncover Insights from World-Renowned Experts and Journalists

  • Actionable Insights

    40+ weekly investment ideas + 3 to 4 daily technical calls

  • Virtual Events

    Exclusive Live Webinars for Expert Trading & Investment Strategies!

  • Newsletters

    Stay ahead with daily and weekly insights

View Offers

Unlock exclusive discounts