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Debt ceiling crisis

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Recently the U.S. went through a Debt ceiling crisis which ultimately led to a downgrade of the credit rating of the country. Research and provide a detailed account of the crisis. Explain how the crisis could affect the international business environment for not only the U.S. but the rest of the world.

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Recently the U.S. went through a Debt ceiling crisis which ultimately led to a downgrade of the credit rating of the country. Research and provide a detailed account of the crisis. Explain how the crisis could affect the international business environment for not only the U.S. but the rest of the world.

The debt ceiling crisis occurred when a combination of increase in debt ceiling and a decrease in government spending deal was passed by the House and the Senate. The President Obama signed the Budget Control Act of 2011 into a law on August. The action would enable the administration would be ...

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Hatim Baxamusa, MBA
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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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