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Reuters
Reuters
Business
By Gram Slattery and Tim Reid

Analysis-Why Republican presidential hopefuls are keeping out of US debt-ceiling squabble

FILE PHOTO: The U.S. Capitol building is seen in Washington, U.S., April 5, 2023. REUTERS/Elizabeth Frantz/File Photo

It is the one topic that everyone on Capitol Hill is talking about and yet hundreds of miles away, on the plains of Iowa and the hills of New Hampshire, none of the Republicans vying for the 2024 presidential nomination have even mentioned it.

The U.S. government could default on its debt in less than a month if Democratic and Republican leaders do not arrive at a deal to raise the nation's $31.4 trillion debt ceiling. A default, which would be unprecedented, could cripple the nation's economy and unsettle global financial markets.

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