US debt ceiling crisis seen less likely in 2017 — Fitch

US debt ceiling crisis seen less likely in 2017 — Fitch

NEW YORK (March 15): A US debt ceiling crisis is less likely to happen in 2017 given the Republican-controlled White House and Congress will probably agree to suspend or raise the federal borrowing limit before the government runs out of cash, Fitch Ratings said on Wednesday.

A deal in November 2015 to suspend the federal borrowing cap, which would be just under US$20 trillion, will end on Wednesday.

“The US Congress is likely to vote in a timely fashion to suspend or raise the federal debt limit,” the rating agency said in a statement.

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Source: The Edge Markets







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