US midterm risk: debt ceiling showdown could mirror 2011 crisis

The article warns that the upcoming US midterm elections could lead to a debt ceiling standoff similar to 2011, which caused a credit rating downgrade and market turmoil. The core claim is that political gridlock may prevent a clean debt ceiling increase, creating fiscal uncertainty. This matters because a repeat of 2011 could trigger risk-off sentiment, higher Treasury yields, and USD volatility.

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