Financial literacy on the stock market and the economy : US debt ceiling: “Time is running out”. How likely is a US default?

The International Monetary Fund (IMF) warns of a US default.

“Time is running out,” says the US Treasury Secretary in reference to raising the US debt ceiling.

According to the US Treasury Secretary, the US will no longer be able to meet its payment obligations as early as June 2023 if the debt ceiling is not raised.

What is the background of the debt ceiling?

How likely is a US default and how can you as an investor benefit from the current situation?

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