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Free AccessVoters Believe Default Would Be "Major Problem" But Not For Them Personally
Morning Consult has published a report showing that a strong majority of voters across the political spectrum say that a default would be a “major” problem for the US.
- Morning Consult: “Voters across party lines were largely in agreement on the most likely outcomes of a default: 79% of Democrats and 81% of both Republican and independent voters said the economy would worsen, while 77% of Democrats, 74% of independents and 75% of Republicans would expect declines in the stock market.”
- Interestingly, "Just about 2 in 5 voters thought a default would be a major problem for them personally," suggesting the White House messaging on the potential economic fallout has failed to resonate with voters.
Figure 1: “The share of voters who said it would be a “major” problem for the following if the U.S. were to default on its own debt:”
Source: Morning Consult
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.