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Economics

Three things to know about the debt ceiling fight
A person is seen walking in front of the New York Stock Exchange on Wall Street.

People pass the front of the New York Stock Exchange in New York on March 22, 2023. Brinkmanship in Washington over raising the U.S. debt ceiling has begun to raise worries in parts of the financial markets.

 (Image: AP Photo/Peter Morgan, file)

Three things to know about the debt ceiling fight

Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached.

Kristen de Groot