With “x-date” looming, concerns about a potential default are weighing on financial markets and the global economy. As the nation’s solvency hangs in the balance, Daleep Singh, PGIM Fixed Income’s Chief Global Economist and Head of Macroeconomic Research, joins this episode of All the Credit® to discuss this U.S. government fiscal fiasco. To begin, Daleep lays the groundwork with a brief history of the U.S. debt ceiling, including some of the recent impasses that may act as a guide for the current situation. Daleep then provides his take on the potential outcomes of this debt debacle with estimates on the probabilities of each outcome. Our discussion wraps up with considerations on the most likely path forward for the U.S. government, and the economic, market, and investment implications that investors should watch for. Alyssa Davis, U.S. Investment Grade Corporate Bond Portfolio Manager, cohosts this episode. Recorded on May 8, 2023.