The next debt-ceiling confrontation could reverse Washington's traditional political roles, raising the possibility of spending concessions, market volatility and a damaging default. Unless a defeated Republican Party makes a swift and unlikely show of unity to take the issue off the table in its last few weeks in power, the protracted fight that will unfold is set to be nastier than ever, adding volatility to an already shaky bond market.
Source: CNBC Economy
Indexed: Wed, 04 Nov 2026 20:57:04 UTC
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