Biden Warning Ratchets Up Jitters: Debt Ceiling Anxiety Tracker
- President said couldn’t guarantee U.S. won’t breach limit
- Treasury bill curve dislocation around Oct. 21 and Oct. 26
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Dislocations in the U.S. Treasury bill curve extended as investors become more concerned about the government potentially exhausting its borrowing authority, especially after President Joe Biden warned that the government is at risk of breaching the legal limit on its debt in two weeks.
Asked after a White House speech on the debt-limit dispute whether he could guarantee the U.S. wouldn’t exceed the ceiling on its debt, Biden answered: “No, I can’t.”