Observers See up to 35% Chance of a U.S. Default: JPMorgan

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Observers See up to 35% Chance of a U.S. Default: JPMorgan

Dow Jones2023-04-20

After meeting with around 1,000 attendees and 1,600 virtual participants at the IMF/World Bank spring meetings, JPMorgan analysts say “outlier” views are as high as 35% that the U.S. will default on Treasury obligations. It said speakers at its events assigned a 10% to 15% probability of a default. The analysts said workarounds such as the use of a discharge petition, platinum coin or executive action via the 14th Amendment were “largely inoperable.”

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Bryanntan
·2023-04-21
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