Analysis: The Democrats have one chance to extract concessions from Trump. Markets will hate it
Summary
An upcoming clash over the federal debt ceiling could force Democrats to demand spending concessions from the incoming administration. This political standoff threatens to trigger severe market volatility and increase the risk of a potentially damaging default.
The next debt-ceiling confrontation could reverse Washington's traditional political roles, raising the possibility of spending concessions, market volatility and a damaging default.
Source: Read the full story at Economy
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