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Donald Trump Says Republicans Should Let the U.S. Default. What Would Happen Next.

Negotiations around the U.S. debt ceiling continue to drag on ahead of a looming deadline, as partisan wrangling potentially endangers the safety of the global financial system. From stocks to bonds and beyond, there is little in the financial system that the U.S. debt ceiling doesn’t affect. While former President Donald Trump this week said Republicans should let the U.S. default if they don’t get the spending cuts they want, markets are still largely shrugging off this doomsday scenario.
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