Singh, former economic adviser to Biden: breaking the deadlock in the US debt ceiling requires further pressure on the market

FAP, May 9 / PRNewswire-Asianet /-- Daleep Singh, former economic adviser to the Biden administration, said that what is needed to push Congress to break the current debt ceiling impasse is a financial market shock. Singh, now chief global economist at PGIM Fixed Income, said: "Market pressure is probably still a condition for compromise, and contrary to expectations, complacency in the market is difficult to repel for this reason."