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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.

Featured in Bloomberg Businessweek, May 22, 2023. Subscribe now. Illustration: Berke Yazicioglu for Bloomberg Businessweek
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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