Corporates Face Novel, Greater Risks from Debt Ceiling Impasse—Even if No Default Occurs
Cleary M&A and Corporate Governance Watch
APRIL 25, 2023
While there have been a number of actual and threatened “government shutdowns” in recent years, and government agencies and executives have experience navigating them, a market perception of a credible default risk on U.S. debt (even short of an actual default) would be a new scenario for which no one has a playbook.
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