Reset with Lynlee (1pm – 4pm)Reset with Lynlee (1pm – 4pm)

Money in the Market: Can a historic US default be averted?

View descriptionShare
 

White House and Republican negotiators have reached a tentative deal to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy.

The bill has been lined up for a vote on Wednesday. How are Asian markets reacting to this news?

Treasury Secretary Janet Yellen has warned, though, that an extension must be finalised by June 5 to avoid a historic default that would send borrowing costs soaring. What would the worst-case scenario would be if that happens?

Hongbin Jeong speaks to Sani Hamid, Director for Wealth Management, Financial Alliance, to find out more.

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 2 playlist(s)

Reset with Lynlee (1pm – 4pm)

Take a step back, refocus, and Reset with Lynlee. Airing weekdays from 1pm to 4pm, the show brings  
Social links
Follow podcast
Recent clips
Browse 1,570 clip(s)