US shutdown raises fears of debt ceiling crisis

Taha Lokhandwala looks at the US stalemate and the potential long-term impact on asset prices

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The dispute between the White House and the US House of Representatives could cause a global asset crisis as it highlights the potential for failure in the upcoming debt ceiling debate.

The US federal government shut down this week when clashes between the Democratic White House and Republican-led House of Representatives (Congress) reached boiling point. It led to a failure to...

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