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.

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