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BBCNEWS World July 6, 2024



as he hailed what he called productive talks with his political rivals. this as the clock ticks towards a deadline to avoid missing a payment on the us government s loans. the government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling . joining me now is danni hewson, head of financial analysis at aj bell. do you think investors are happy to take president biden at his word that no matter how difficult these negotiations get, no matter how much they go down to the wire he will somehow ensure there is no default? i think investors are increasingly nervous as we get further down to the wire and we have seen markets lose about 2% this week as that clock counts down. at the moment i think investors do assume that politicians will not want to tank the us economy. there is some kind of agreement will be reached before it reaches a point of defaulting on debt ....

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