Default risk for the Biden-Trump clash on the debt ceiling

It may be that the markets are beginning to worry, given yesterday’s performance in the stock markets, but so far Wall Street, the White House and the Capitol have gone on divergent paths. The stock market finds it hard to believe that there will be a default of the American debt, even if so far the tug of war between the Biden administration and the Republican-led Congress has not led to any solution. Time is running out, by June 1st it will be necessary to raise the ceiling on the federal debt today set at 31 thousand and 381 billion dollars, a figure already reached on January 19th. Otherwise it will be impossible to pay the salaries of millions of civil servants (including military) both in the capital and in most of the states. Last Tuesday, after an hour of heated discussion between President Biden and the speaker of the House of Representatives, the Republican Kevin McCarthythey left without understanding.