The risk of US debt default is rising amid an impasse over legislation to extend the debt ceiling. US President Donald Trump answers questions from reporters after being endorsed by Maricopa County Sheriff Joe Arpaio (left). Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Donald Trump’s showdown over the US debt ceiling could trigger a major meltdown

‘In the next few weeks, negotiations are needed to overhaul the country’s tax system, keep the government running and avoid a costly default on the nation’s debt’

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The risk of US debt default is rising amid an impasse over legislation to extend the debt ceiling. US President Donald Trump answers questions from reporters after being endorsed by Maricopa County Sheriff Joe Arpaio (left). Photo: Reuters
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