The total amount of corporate debt defaults in the United States this year have already exceeded the amount seen in 2022.
Experts have been warning of a wave of defaults to hit the economy for some time due to higher borrowing rates.
US Corporate Debt Defaults in 2023 Surpass Last Year’s Total: Moody’s
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A Pier 1 Imports store flies a "going out of business" banner in Culver City, Calif., on June 25, 2020. John Fredricks/The Epoch Times
By Bryan Jung
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