Business / Financial Markets May 29, 2023
U.S. debt deal could avert default and buoy nontech stocks but weigh on growth
A negotiation process that barely avoided a default also threatens to undermine the U.S. standing with credit ratings agencies.
A negotiation process that barely avoided a default also threatens to undermine the U.S. standing with credit ratings agencies.
Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets.