Why does this matter so much? Failure to raise the debt ceiling in a timely manner can trigger a cascade of catastrophic events. It could lead to a default on government debt, sending shockwaves through financial markets both domestically and globally. Interest rates could spike, investor confidence could plummet, and the economic recovery could be derailed. The implications extend beyond financial markets, affecting everything from consumer confidence to the ability of businesses to access credit. https://australianinvestmenteducationreview.wordpress.com/2024/06/19/navigating-the-debt-ceiling-a-delicate-dance-in-congress/