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The True Cost of an Extended US Debt-Ceiling Standoff
Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.
24 May 2023, 07:56 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Featured in Bloomberg Businessweek, May 22, 2023. Subscribe now. Illustration: Berke Yazicioglu for Bloomberg Businessweek](https://media.assettype.com/bloombergquint%2F2023-05%2F47eca9f1-72fb-46bd-826a-28c75daba52d%2F_1x_1.jpg?rect=0%2C328%2C1500%2C844&auto=format%2Ccompress&w=200)
Featured in Bloomberg Businessweek, May 22, 2023. Subscribe now. Illustration: Berke Yazicioglu for Bloomberg Businessweek
(Bloomberg Businessweek) -- America’s sway over the world economy is being eroded by self-inflicted policy wounds, with a dangerous standoff over the debt ceiling putting renewed scrutiny on the dollar’s preeminent status in global trade and finance.
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