There is absolutely no possibility that the US government will default on its debt, Wharton finance professor Jeremy Siegel has declared.
“There is zero chance the debt issue will not get resolved even though there will be posturing and debate right up to the last minute before timelines are extended or the debt limit is raised,” Siegel said in his WisdomTree commentary this week.
US lawmakers are still sparring over the conditions for lifting the country’s $31 trillion borrowing limit, with debt ceiling talks continuing on Monday between President Joe Biden and Speaker of the House Kevin McCarthy after hitting an impasse. If lawmakers fail to reach an agreement, the US could end up defaulting on its debt.
Read More : US Debt Default Ruled Out Completely by Wharton Professor Jeremy Siegel