Column-As US election looms, investors fear for fiscal peace :Mike Dolan
© Reuters. FILE PHOTO: U.S. President Donald Trump and Democratic presidential nominee Joe Biden are reflected in the plexiglass protecting a TV camera operator from coronavirus as they participate in their second 2020 presidential campaign debate at Belmont Univers
A near-miss on a debt ceiling showdown in the Spring led to the loss of another Triple-A sovereign credit rating. And it's been followed by further brinkmanship over next year's spending bills - which almost shut down government operations last weekend and whose stopgap solution just kicked the can to November 17.), the dysfunction in public financing and potential for debt servicing disruption may threaten the last remaining AAA credit rating of the main three agencies.
And while rivers of legal, political and economic water will flow under the bridge before we get there, there's a growing sense of inevitability about a re-run of the 2020 race. But it's the potential return of Trump which bamboozles most thinking, particularly overseas, about what might happen next.
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