![Failure to reach a deal in time could have disastrous effects across the entire global financial system. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/XAAYKHAN7OJIRG32WDRREN6DCA.jpg?smart=true&auth=83bea396e7fc14ef1b781141ab2cd557557d73589607908c7e8dbfffb6a50215&width=400&height=225)
Failure to reach a deal in time could have disastrous effects across the entire global financial system. Reuters
Failure to reach a deal in time could have disastrous effects across the entire global financial system. Reuters
What is the US debt ceiling and how would a default affect the global economy?
Disastrous scenario of US unable to fulfil payment obligations would have profound effects around the world