Risk of Debt Default Is ‘Non-Trivial,’ Warns JPMorgan

Risk of Debt Default Is ‘Non-Trivial,’ Warns JPMorgan
The Treasury Department building in Washington, on Jan. 19, 2023. Saul Loeb/AFP via Getty Images
Tom Ozimek
Updated:
0:00

JPMorgan has warned that there’s a “non-trivial risk” of a default on U.S. government obligations as the debt-limit deadline looms with no agreement in sight.

Analysts at the bank said in the Wednesday note that they expect the debate over the debt ceiling as well as the one on the federal funding bill to come “dangerously close” to their respective deadlines.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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