#美国国债 US Debt Ceiling Crisis: Political Games and Economic Risks

The Debt Ceiling is the borrowing limit set by the U.S. Congress for the government, and reaching it will lead to a technical default risk. The bipartisan deadlocks in 2011 and 2023 triggered market panic, with S&P even downgrading the U.S. sovereign rating. Although a temporary increase in the limit ultimately resolved the issue, in the long term, the widening fiscal deficit (over $1.7 trillion in 2023) and debt monetization (Federal Reserve bond purchases) may weaken the credit of the dollar and drive up alternative assets like gold and Bitcoin.