Business & Economy · 3 views
Analysis: The Democrats have one chance to extract concessions from Trump. Markets will hate it
The electoral sweep by Democrats on Tuesday night injects a new, unstable dynamic into the single biggest political risk to financial markets in the coming year: the debt limit .
Summary
The electoral sweep by Democrats on Tuesday night injects a new, unstable dynamic into the single biggest political risk to financial markets in the coming year: the debt limit . Unless a defeated Republican Party makes a swift and unlikely show of unity to take the issue off the table in its last few weeks in power, the protracted fight that will unfold is set to be nastier than ever, adding volatility to an already shaky bond market.
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