Discussions between President Biden and the opposition parties have just begun over the issue of the U.S. government's debt ceiling, the so-called debt ceiling.
If no agreement is reached, there is a risk of a default next month, and the fate of the debt is attracting attention. If the default is prolonged for a long time, the unemployment rate will rise by 830 percentage points, and GDP will fall by 5.6% on an annualized basis in real terms compared to the previous period.