A hypothetical default in the United States will not lead to global economic catastrophe.
This opinion was expressed by economist Mikhail Delyagin, according to the DEITA.RU news agency with reference to Channel Five.
According to him, the main consequence of a default in the United States is the emergence of a prohibition for the American government to borrow more money than the established debt ceiling.
This means that the US authorities will initially only have to spend on protected budget items, which include military spending in particular.
In order to coordinate the rest of the spending, the American authorities will have to negotiate among themselves within their state institutions for a long time.
At the same time, Delyagin drew attention to the fact that the question of raising the national debt ceiling in the United States arises regularly and whenever it is decided one way or another. .
And this time, most likely, it will be the same. At the same time, it is impossible to completely exclude the possibility of a default in the United States, since this development may have interests and lobbyists.
“A disaster, of course, will not happen, but it will certainly make it difficult for the American authorities to work with the budget,” explained the economist.
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