Global financial markets are holding out for a deal in Washington to avert a debt default in the world’s biggest economy. But that patience could fade quickly if a deal is not reached soon, analysts say.
Talks to end a partial shutdown of the U.S. government and raise the debt ceiling before a looming October 17 deadline stalled once again on Tuesday.
A growing number of voices including the International Monetary Fund and World Bank have warned about the consequences a U.S. default would have on the global economy and on Tuesday Fitch Ratings warned that it could cut the U.S.’s top-notch AAA sovereign credit rating.
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