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https://www.wsj.com/articles/debt-ceiling-crisis-wall-street-acc4b5a7

How a Debt-Ceiling Crisis Could Play Out on Wall Street

A Treasury-bond default could roil the multitrillion-dollar markets that underpin the global financial system

By Eric Wallerstein
Democrats and Republicans both agree that a default would be disastrous for the economy. WSJ explains why U.S. debt has become the center of the economy. Photo Illustration: Madeline Marshall

The U.S. government is edging dangerously close to being unable to make critical payments as Congress engages in debt-ceiling brinkmanship. Failure to pay its bills on time could come as soon as June 1.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.