Special Report: Debt Ceiling – May 2023
Lessons Learned from Previous Near-Default Debt Ceiling Negotiations Indicate Potential Ramifications of the Holdup
Congress and the president have been slow to reach an agreed resolution to the debt ceiling, which was hit earlier this year. The Treasury has been relying on reserve funds to meet expenses, but estimates expect those measures could be exhausted as soon as early June, forcing cost-cutting elsewhere to avoid a default. Even a last-minute agreement can have implications for the economy and real estate.
Key Features Include:
- Explores the similar circumstances that played out in 2011
- Evaluates the Treasury’s contingency plan that would likely be used if needed
- Insights into potential impacts on commercial real estate and the economy