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Economists including Jeremy Siegel ruled out a US debt default, saying the political standoff over the borrowing limit will be resolved in time, as it has done many times in the past.
Fitch Ratings put the United States' AAA credit rating on negative watch, citing brinksmanship and increased partisanship over raising or suspending debt ceiling.
Hakeem Jeffries, D-N.Y., argued Wednesday that Republicans want to "crash the economy" to help former President Donald Trump win back the White House in 2024.
The odds of the U.S. government defaulting on its debt are rising as Washington negotiators struggle to strike a deal, according to JPMorgan analysts.
David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.