Reported about 18 hours ago
Investors are increasingly concerned about the risk of the US government defaulting on its debt, which has led to higher interest rates for loans and mortgages. Despite a low current risk estimation, historical data shows fluctuations in perceived default risks tied to political debt ceiling negotiations. With rising national debt and potential new tax cuts, concerns grow about America's fiscal health, prompting calls for a reevaluation of the debt limit to stabilize credit default perceptions and lower borrowing costs.
Source: YAHOO