WHITE HOUSE IS WARNING STATE AND LOCAL GOVERNMENTS ABOUT THE RISK OF A DEFAULT ON U.S. DEBT

Recht passend zu meinem letzten Artikel:

President Joe Biden’s administration is warning state and local governments that the risk of a default on U.S. debt could trigger a recession and curb the flow of federal aid, as it urges Congress to raise or suspend the federal borrowing ceiling and avoid a crisis.

“If the U.S. defaults on its obligations, the ripple effects will hurt cities and states across the country,” the letter said.

“If the U.S. defaults on its debt – cities and states could experience a double-whammy: falling revenues and no federal aid as long as Congress refuses to raise or suspend the debt limit,” the White House warned, adding that a debt limit crisis could also raise the cost of borrowing for states and municipalities.

It warned that the S&P 500 could plunge in the event of a prolonged standoff, “and the value of state pension fund assets would fall as a result, hampering states’ ability to pay their pension obligations.”

https://www.bloomberg.com/news/articles/2021-09-17/biden-warns-states-cities-of-fallout-from-looming-debt-default

E_hJlr8XoAMZFCj.jpeg

Die Frage ist halt nun, was dies bewirken soll..?
Ist doch eh klar.. plötzlich ehrlich?
Marktmanipulation?

It warned that the S&P 500 could plunge in the event of a prolonged standoff, “and the value of state pension fund assets would fall as a result, hampering states’ ability to pay their pension obligations.”

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