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U.S heading for default in 2025, potentially tanking the U.S. credit rating and sending shockwaves through global markets

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The situation highlights the urgent need for bipartisan cooperation to address the debt ceiling and avoid a potentially catastrophic outcome for the US and global economies.
The article from MSN discusses the looming threat of a U.S. government default in 2025 due to the ongoing issues with the debt ceiling. Analysts warn that if Congress does not raise or suspend the debt ceiling, the U.S. could default on its obligations, potentially leading to a downgrade in the U.S. credit rating. Such a default could send shockwaves through global financial markets, causing increased borrowing costs, a drop in stock prices, and significant economic instability. The article highlights the political brinkmanship involved, with past instances where the ceiling was raised just before a potential default, and emphasizes the urgency for a resolution to avoid economic catastrophe. It also notes the potential for a temporary fix, but stresses the need for a long-term solution to prevent recurring crises.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/u-s-heading-for-default-in-2025-potentially-tanking-the-u-s-credit-rating-and-sending-shockwaves-through-global-markets/ar-AA1wCKEa ]