CLEAN : US budget The US treasury still has

The video discusses the US debt ceiling issue, highlighting that a short-term deal is likely to prevent a default. It clarifies that the October 17th deadline is for a technical default, not a full one, as the US Treasury still has funds. The US government shutdown and delayed deal-making could reduce US GDP by 0.4% in Q4, affecting global growth, especially in China and the eurozone. European companies with US exposure, particularly in construction, housing, retail, and car manufacturing, may face pressure if US growth slows.

What does the text suggest about the nature of the deal lawmakers are expected to reach regarding the debt ceiling?

What are the potential consequences for European equities if there is a slowdown in growth in the US?