US debt ceiling

Throughout history, the US government has hit the debt ceiling many times and we do not foresee this time to be the last.

Even though political tensions are very high and that a dispute resolution on raising the debt ceiling issue seems unlikely during the week where Biden, the Senate and the House meet, we are of the opinion that the US would still either raise or suspend the debt ceiling just before the deadline in order to prevent a financial Armageddon from happening.